Balboa Island

Balboa Island sits in the middle of Newport Harbor, accessible by bridge or the historic Balboa Ferry, with Marine Avenue serving as its main commercial street. The Balboa Peninsula median sits near $4.5 million, with waterfront homes commanding significant premiums for dock rights and bay views. This sub-market draws lifestyle buyers, second-home purchasers, and investors who value the walkable island character and proximity to the harbor as much as the physical property.