News Remembering When By CREG - Aug 25, 2011 0 2898 FacebookTwitterPinterestWhatsApp Historical Photos of Newport Neighborhoods Recall Another Time Mariner’s Mile had plenty of traffic in the 1920s, but homes and businesses? Not. Down on the ’30s Peninsula, the area that’s now the Fun Zone drew throngs of beach-going visitors, with not a party ordinance in sight. What do you suppose lots were going for on the Peninsula when the Pavilion was new? Remember4: Drop down to the Oakes real estate office with a few hundred bucks, and you could really do some business. A nice house at 928 E. Balboa Blvd. about 1940. Balboa Island, Peninsula Point and Corona del Mar in an early aerial photo. Balboa Island was created by dredging about 1910 and developer William Collins originally advertised the lots for about $350, but sold them for a little as $25. After World War II, Newport Beach really began to take off as a center for boating, recreation and community living.