What Makes Newport Beach So Unique?

    The city of Newport Beach got its name in 1870 when Samuel S. Dunnells, Captain of the Vaquero, steered his 105 ton steam ship into the upper bay of  Newport then unloaded his cargo. After hearing this news James Irvine, the iconic land developer traveled there quickly, and with the help of two associates named the area “Newport”.

    A Growing City  

    By the early 20th Century Newport Beach was a bustling city and grew even more when the Pacific Electric Railway completed a terminus right in the heart of Newport which connected this beach town with Los Angeles.

    As the city began to grow it was finally incorporated in 1906 as Newport Beach.

    Newport Beach Demographics

    Newport Beach is one of the most desirable destinations in Southern California and more than 25% of households here have a household income which is more than $200,000 and the median home value in this city is more than $1 million.

    Changing Times

    Although Newport Beach started out as a maritime city, over the years most of the commercial areas where boat docks and the commercial fishing industry once thrived have now been turned into private homes and dock areas owned by local residents.

    Some of the notable Newport Beach employers include: Hoag Memorial Hospital Presbyterian, Pacific Life, PIMCO and the luxurious Resort at Pelican Hill.

    To learn more about Newport Beach, including homes for sale in the area, contact Fred Sed & Associates today by calling us at (949) 272-0125.

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