Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in Newport Beach,
the Lido Isle / Balboa Island neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Real Estate
Lido Isle / Balboa Island is a neighborhood that is on the ocean, a bay, or inlet.
Many times, such places have amenities that bring locals and visitors to the
waterfront for recreational activities or to check out the scenery.
In some densely populated areas that are less financially well-off, the neighborhood
waterfront can be relatively industrial and less open to recreation.
In addition to being coastal, Lido Isle / Balboa Island is a very nautical neighborhood,
meaning that it is somewhat historic, walkable, densely populated and
on the water. This gives the neighborhood a very nautical feel,
with some seaside and shipping feel, which some may really enjoy the sights
and sounds of.
In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Lido Isle / Balboa Island neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 37.3% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 95.8% of America's neighborhoods.
Furthermore, despite all of the residential real estate here in the Lido Isle / Balboa Island neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 33.6%, which is higher than 95.6% of all U.S. neighborhoods.
Notable & Unique: Diversity
Did you know that the Lido Isle / Balboa Island neighborhood has more
Welsh and Romanian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 4.7% of
this neighborhood's residents have Welsh ancestry and 1.4% have Romanian ancestry.
Lido Isle / Balboa Island is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily
speak Portuguese at home. While this may seem like a small percentage, it is higher
than 95.9% of the neighborhoods in America.
Notable & Unique: People
The Lido Isle / Balboa Island neighborhood is considered a solid choice
for executive lifestyles. NeighborhoodScout's analysis ranks it as
better than 90.0% of California neighborhoods
for executive living, based on the wealthy, educated professionals,
executives, and managers who choose to reside here, the spacious homes
that are prominent features of the real estate in the neighborhood,
and the high real estate appreciation rates found here relative to
other neighborhoods in the state.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for urban sophisticates, active retirees and young, single professionals.