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The economy has changed drastically over the last 10 years and not for the better. With stimulus packages, political squabbling, and a failing real estate market, you are probably wondering why you should be excited about that. But there actually is a reason to be excited because finding condos under $500,000 has become a lot easier in the Newport Beach area. Properties, which used to be valued at $700,000 to $1 million have plummeted below the $500,000 threshold, leaving many pre qualified investors licking their chops and waiting to take advantage of the fallout. If you are considering a home in this area, it is important that you carefully discern each and every opening for the best value. Most of the experts will recommend the Newport Heights triangle for securing a condominium in the half million price range (or less). Living in the triangle means you will be near three condo buildings located across the street and to the north of each other. Not surprisingly, these buildings form an internal triangle that serves as the region's namesake. The buildings in question are named: Newport Crest, Villa Balboa & Versailles. Newport Crest Newport Crest is a popular area because it can serve every family unit, from the individual to the couple to parents and their kids, thanks to their two, three and four bedroom units. Hoag Hospital rests nearby ensuring that you are never far from help in an emergency situation, and the actual building is only three blocks to the beach - a super fast walk. Sweetening the deal is a community pool and a number of tennis courts. Villa Balboa If Newport Crest either doesn't appeal to you or isn't available, then you should consider its next door neighbor known as Villa Balboa. Villa Balboa possesses sweeping ocean front and bay front views thanks to the nearby Pacific and beautiful Newport Bay. with lots of wide open spaces, the walk to the bay or beach either one is as easy as you'll find in all of California. Versailles If you like the more tucked in and secure feeling of a hotel environment, then you may wish to stay at the Versailles, which is a U shaped building that is located in the central courtyard. The Versailles boasts more than enough parking, so you're not always having to deal with the aggravation of where you should park on those days when you want to go to the beach. With such a short walk, you don't even have to get sand in your car! If you're ready to get a great piece of real estate at an even better price, then you should consider the condos of the Newport Beach area for your next purchase.
View the latest Newport Beach Real Estate for sale. There are also many Newport Beach Condos For Sale Under $500,000.
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