Hidden in Plain Sight: I’d been living in Newport Beach for nearly 10 years before I “discovered” Promontory Bay – then I bought here. Newport offers many bay front options, but none are as secluded and private. For those who need to be in the middle of the boating scene other venues are probably more suitable. If you prefer being sheltered from the mainstream but have all the deep water amenities of Newport Harbor, then this is the bay front location for you.
Bordered By: Harbor Island, with its rich and famous; Linda Isle; the beach enclave of Beacon Bay and the north side of Balboa Island share their borders and insulate the 61 bay front homes of Promontory Bay. With quick access to Bayside Drive and Pacific Coast Highway shopping, schools, yacht & country clubs, and restaurants, Orange County’s best hospital (Hoag) and doctors, as well as freeways are all just a few minutes away.
Views: What better view than to wake up each morning overlooking the bay. Enjoy the sunrise from your waterfront perch. Jump on the paddle board for a late afternoon workout, or simply relax and enjoy a sunset cruise with family and friends.
Homes: The architecture of Promontory Bay homes runs the gamut from classic shingled Hamptons-style estates to the modern mix of glass and stainless steel. All are tastefully done; many have been remodeled or are newer construction. Most are two-story and are approximately 3,000 to 5,000 square feet. With an average of 50 feet of frontage on the water, docks typically can accommodate yachts in the 50 foot + range, as well as offer a generous side tie for a tender.
History of the Area: Promontory Bay is the newest bay front area in Newport. In the early 1970s, the Army Corp of Engineers began excavating what was a tidal wetlands area to the north of Balboa Island. A new bulkhead was constructed and then flooded to create the waterway that is now Promontory Bay. The Irvine Company subdivided the land surrounding Promontory Bay into 61 lots and began building homes around 1973. One of the first residents was Richard Bare, a motion picture producer, who built the first custom home here. Bare still lives in that home on Promontory Bay and has served faithfully on the Board of Directors of the Homeowners Association since its inception. Many of the homeowners have lived here for 20+ years making Promontory Bay one of the most stable bay front areas in Newport.
Community Features/Amenities/Special Events: Location is probably the greatest amenity Promontory Bay has to offer. Having immediate access to the bay from your front yard is expected and something most only get to dream about. But what becomes a real “bonus” for this particular waterfront location is that anything you want or need is less than 10 minutes away – major golf, tennis and yacht clubs, world-class shopping and restaurants. along with great schools. When you consider the drive time associated with other baynfront options, you really develop a deep appreciation for Promontory Bay’s location.
Why You Love Living Here: Location is why I love living here. Of course the bay and boating are the main attractions, but life is lived on the land, and the reality is I have to go to work, shop for food, run (to burn off the food!) and all the other things that are part of life. Promontory Bay is central to all of these land-based necessities. It’s easy to get to them they’re literally just minutes away. Being in the real estate business I know what it takes to move around this town. For me, there’s no better bay front location.
Current Market Activity:
Average List Price of all Current Listings: $ 5,412,500
Total Properties Currently for Sale (Inventory): 6
March 2011 Number of Properties Sold: 0
Ave. Days-on-Market: 112
Asking Price per Square Foot (based on New Listings): $1,159
As a result of her experience, Coleen Brennan has a depth of knowledge in the Newport area unique among her peers, in particular with waterfront properties. Coleen represents both buyers and sellers and is based out of the Prudential California Realty Corona Del Mar office. She can be contacted at 949.275.2775, by email at ColeenBrennan@PruCDM.com or through her Web site at www.ColeenBrennan.com.