Call Today For All Your Real Estate Needs (949)-306-8339
City of Newport Beach surveyed the land and named the roads that would become Newport Shores.
Start of the great depression prevents development of tract.
23 Year old Don Ayres Jr. slightly modifies 1925 map and with help of subdivider Edward Norris, and the backing of his fathers company begins construction on Newport Shores.
Because the land was too low to build on 400,000 yds of dirt were purchased from Hancock Banning and brought across the river by Jack Riley.
Phase one of Newport Shores is complete. It consists of 60 to 65 homes. The smaller (1,000 sqft), designed by architect on Cliff Dr. was on a 31 ft lot. The larger model (1250 sqft) was designed by Kennedy and Hudson on 34 ft lots. These were available for $25 lease hold from Signal Oil & Gas. “People were lined up to buy them.” Don Ayers Jr.
After 6 or 7 phases of construction, 400 plus homes were completed. Don Ayers Sr. did not want his son to borrow too much or move too quickly on neighborhood. Each phase of construction consisted of approximately 65 homes.
Average listing price in the mid 70s $101,000.
Signal land leases become available for buyout. Many residents dispute the cost go into arbitration.
The average listing price of a Newport Shores home in the mid 1990s is $284,900. As many Newport businesses change, the businesses around the Shores, Outpost Liquor, Spaghetti Bender, and Froghouse remain intact.
Pre- 2007 market downturn a listing in the Shores could be bought for $750,000. Also many owners began renovations to update their homes, but kept the Mid-Century Modern aesthetics.
We have seen multiple new high sales in the neighborhood over $2 million. There have been major investments into the neighborhood for new construction and significant remodels. This is fueling a very desirable and modern new era to “The Shores”.