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Luxury Condos For Sale in Orange County CA
Condos in Newport Beach, Irvine, and the surrounding area are a great option for getting into the Southern California real estate market on a budget. Their convenience and low-maintenance makes them ideal for part-time or transient residents, investors, busy professionals, or those looking to relax and have more free time. Condos are also an excellent way to get a foot in the property market, in a great area, without breaking the bank. Orange County condo communities are some of the best in the country, thanks to their luxury amenities, proximity to a fantastic array of local attractions, and their value within one of the country's most competitive real estate markets. Read More About Orange County Condos.
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Condominium Real Estate Information
Condos in Southern California, specifically in the Irvine and Newport Beach areas, range between $400,000 and $500,000 in price. This is significantly cheaper than the average single-family home, which usually falls between $800,000 and $900,000. This is the primary benefit of buying a condo, the opportunity to own property in a great area at a lower price.
Other benefits of condominium ownership and living include:
Consistent community expectations
Having a say in how the community is run
Some downsides of condo living are the added community restrictions, smaller living spaces, and closer proximity to other residents (potentially meaning more noise and less privacy).
Living in a condominium community will involve paying a monthly or yearly Homeowner Association (HOA) fee. These fees go to maintaining and fixing common amenities like gardens, exterior building features, pools, gyms, clubhouses, and so on. While this may seem like a downside of condo ownership, it's important to remember that many fee-simple home communities in Irvine, Newport Beach, and Southern California, include membership in an HOA as well.
While high-rise condos are the norm in other cities, the two most common types of condo communities in Orange County are garden complexes and townhouse complexes. Garden complexes offer units in low-rise buildings around park-like grounds, while townhouse (or townhome) complexes offer semi-detached homes, usually more than one story high.
For some excellent examples, University Park is known for its fantastic mid-century garden condos, while townhouse condos can be found nearer to central Newport Beach in developments like Versailles or Seawind.
Luxury Condo Developments In Newport Beach And Irvine, California
Orange County is home to many fantastic condo developments at a variety of price points. These may be garden complexes or rows of modern townhomes. Here is a list of some condominium complexes to check out:
Based on information from California Regional Multiple Listing Service, Inc. as of April 15th, 2021 at 12:27pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.