Are you looking for a second home in Newport Beach?

As we all know prices everywhere have declined tremendously. Recently investors are gobbling up a big portion of the inventory available. There's a reason for that. They know when the market turns it will go sky high again, and they will be glad they invested in real estate today.

You don't have to be an investor to buy right now, first time buyers are on a run too! After all afford-ability is there, interest rates are very low and they can take advantage of the tax credit available now until November 30, 2009.

There's  others taking advantage of todays pricing. That's the second home buyer. If you have ever thought about purchasing a second home there's no better time than now. Let me show you a couple that I absolutely love!

The above home is in the Baycrest neighborhood of Dover Shores. This home has been completely renovated in 2008. It's on a 11,000 square foot lot, it has 4 bedrooms, 3.5 baths, a family room, and a cabana in the backyard with a pool, spa and built in BBQ. It is absolutely gorgeous! It has been featured in the Newport Harbor Home Tour, Sherman Gardens Home Tour, in the OC Register Home Section and this month in Coast Magazine. You must see this home to appreciate the work involved here. It is the talk of the town. Asking $2,395,000.

Secondly there's this oceanfront home in Newport Beach.

This 4 bedroom 4 bath, newly constructed Cape Cod home is located in an ideal location between the Newport Pier and the Balboa Pier. This home has all the finest finishes, including balconies, infinity edge windows, great room, patios,and a roof top deck with views of the ocean and bay. A few years ago you couldn't buy oceanfront brand new, for under $5,000,000. Today this home is listed at $4,695,000. And worth every penny of it!

If you want a different look in a newer community, check out this home in Newport Coast in the gated community of Saint Laurent. Built in 1995, this home features 3 bedrooms, 2.5 baths, a wrap around backyard, with windows every where! If you like light and bright this home is drenched with sunlight! Listed $1,019,000. This home sold for $1,400,000 just 4 years ago!

I can go on about the wonderful buys and the wonderful homes in Newport Beach. If you think you may be interested in a second home feel free to contact me. No obligation!

Or visit Newports Top 10 website for the best buys in town!