[quote author="Minimorty" date=1257373039][quote author="not a realtor" date=1257323857][quote author="Minimorty" date=1257321579][quote author="Minimorty" date=1255649020][quote author="Nude" date=1252131778]I think the East Bluff and West Cliff neighborhoods are prime examples of areas that will be buoyed by locally owned REITs. The areas are too nice, the current owners have been there for decades on average, and anyone who id forced to sell will find their agent "knows someone" who will buy it before the listing actually gets printed. This is one of the few times that knowing a local agent personally my actually pay off.
In other words, you have great taste in neighborhoods but you aren't alone

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<a href="http://www.redfin.com/CA/Newport-Beach/1727-Port-Barmouth-Pl-92660/home/4717383">http://www.redfin.com/CA/Newport-Beach/1727-Port-Barmouth-Pl-92660/home/4717383</a>
Nice short sale on Port Barmouth. I'm sure it will get bid up though. Wonder what this ends up closing at.</blockquote>
How long does it typically take before we can see where this ended up closing?</blockquote>
Why is this the ideal Newport community? I know you didn't write that but I don't get it. The ideal newport community to me would be something close to the water with a walkable neighborhood next to shops, etc. think cdm, balboa, etc. To me this neighborhood might as well be irvine or mission viejo.</blockquote>
Thank you for correctly pointing out that I never claimed it to be <em>the</em> ideal community. That being said, it is a very attractive community to my family. While we enjoy knowing that the water is close enough to visit anytime we want, we have no desire to live on or really close to the water. Also, I have never understood the whole "walkable to shops" thing. Why is this attractive? We have no interest in walking to little boutique shops. I like this community because of its proximity to my employment, tennis club, friends, family, etc. Also, it is within 3 minutes to the 73 freeway (convenient). The homes are good sized, have decent lots for Newport, and are in a nice area overall. You really do not get how this could be an attractive community to a young family?</blockquote>
I didn't say it wasn't ideal for a young family. If you want a yard, etc and all the suburbia stuff, it's great. I just think it's overpaying for the newport name when you don't really get the newport lifestyle (at least to me) which is living by the water in a walkable town. Regarding the walkable part, lots of people like being able to park their car Friday and not get into it until Monday because the eateries, shops, etc are a stroll away. And it's fun to walk around in these areas. There is a sense of community because of the centralized public space. Plus driving to the water is a much different experience than walking to it. Anyway, I think it's a nice area just not any different than the cheaper areas that offer the same thing save the newport address.