Home for Sale at 62 Beacon Bay, Newport Beach, CA 92660

62 Beacon Bay
Newport Beach, CA 92660

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Property Details

List Price:	$62,000
Beds:	4
Baths:	4
Status:	Active
SqFt:	3950
Agency:	Surterre Properties

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Description/Comments

Lot Size:	4,000 sqft
Property Type:	Rental
Year Built:	2017
Notes:	.This stunning, prime location Beacon Bay bayfront home offers your own beautiful sandy beach right on the harbor with breathtaking views in each direction. Itâ€™s available to lease for June and July or other months as well. Large glass doors lead onto the desirable south-facing beachfront patio, creating an unparalleled dining and entertaining experience. There is a table for eight on the patio along with an L-shaped rattan sofa and chaise lounges anchored by a brick firepit and BBQ. From here you can catch glorious sunrises and sunsets up and down the bay. <br /> Beacon Bay is truly one of Newport Beachâ€™s most magical waterfront neighborhoods. Itâ€™s a throwback in time to when life in Newport was lived at a relaxing and gracious pace, yet updated with two private pickle ball courts. You can be entertained for hours watching the boats go by, or take one of the paddleboards to set out on your own fun adventure. A beautifully appointed living room features all glass to the bay with white paneled walls and paneled ceilings centered around a brick fireplace. The adjacent dining room seats eight and also offers fabulous bay views. <br /> The large kitchen area opens to the dining room and also commands spectacular water views. The amply stocked kitchen features white marble counter tops, a Wolf stove and gas oven and also an electric oven, microwave and Sub Zero with a long buffet space for dinner parties. Also on the first floor is a separate and private TV room with large flat screen. <br /> The second floor offers a rich, knotty pine paneled office with its own deck overlooking the bay. Also fronting the bay on the second floor is the stunning master suite with views up and down the bay offering a beautiful marble bathroom with oversized tub and separate shower with his and her walk-in closets. There are two additional bedrooms upstairs, one with twin beds and one with a queen along with a full bathroom. <br /> The third floor offers a spacious art studio that can double as a yoga studio and/or additional office. Depending on the length of your lease, there is also the option to include a guest apartment with its own private entrance, kitchenette, bath, living room and bedroom.
MlsNumber:	NP23206380

Listing Provided By:	Surterre Properties, original listing
Name:	Surterre Properties
Phone:	(949) 717-7100
Office Name:	Surterre Properties Inc.
Office Phone:	(949) 717-7100
Agent Name:	Andrew Lawler
Disclaimer:	Copyright Â© 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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