A few things worth knowing….
The economy, changes in Newport Beach, and a few local updates.
Did you know?
The U.S. Economy Grew Faster Than Expected: The U.S. economy grew at an annualized rate of 3.4% in the third quarter, exceeding economists' expectations and marking its fastest pace in a year. Consumer spending and business investment, particularly in artificial intelligence, helped drive growth. However, inflation remains elevated, with consumer prices continuing to pressure households and mortgage rates weighing on overall housing activity.
Crystal Cove Highway Repairs Continue Following Major Bluff Damage: Emergency repairs are underway along Pacific Coast Highway near Crystal Cove after erosion caused a crack measuring approximately 360 feet along the coastal bluff. Caltrans secured $4 million in emergency funding, and traffic has been reduced to one lane in each direction between Reef Point Drive and Irvine Cove Drive. The work is intended to stabilize the slope while officials develop a longer term solution.
Newport Beach Hotel Property Could Add 175 New Apartments: A portion of the Hyatt Regency Newport Beach property could be transformed into a new residential community. A preliminary proposal calls for 175 apartments and ground floor retail on an existing parking lot near Jamboree Road and Back Bay Drive. The six level development would include 157 market rate residences and 18 affordable units, along with replacement parking for the hotel. The project is still in the early planning stages and has not received final city approval.
Major Upgrades Underway at Irvine Lake Reservoir: Irvine Lake is beginning a major draining project to allow improvements to its 93 year old reservoir infrastructure. The reservoir is part of the water system serving approximately 1.5 million Orange County residents, making the work an important investment in regional water infrastructure. The project is intended to modernize aging facilities and support the reliability of the area's water supply.
Just Listed | Open House
Just listed in The Summit at Turtle Ridge, 33 Canyon Terrace offers five bedrooms, nearly 3,700 square feet, and beautifully updated interiors with white oak floors and Taj Mahal countertops. Set on over 10,000 square feet, the backyard features a saltwater pool, outdoor fireplace, and sweeping views.
8 Del Rey | Open House
Behind the gates of The Pointe in Turtle Rock, 8 Del Rey is a completely renovated three bedroom home, featuring more than 2,300 square feet of living space, a three car garage and a backyard overlooking scenes from Strawberry Farms Golf Club
28 Blue Summit | Newly Priced
Tastefully updated estate that balances grand-scale entertaining with intimate everyday comfort. The home features a main-level suite and sizable office space. Newly priced $6,388,000
32 Perennial | Quail Hill
32 Perennial is a carriage-style condominium in coveted Quail Hill Irvine. It is presented in move-in condition and offers 1,382 square feet of well-appointed living space.
Available Lease | $9,000/month
Peek-a-boo ocean and city light views. Spanning 2,900 square feet in size on a approximately 5,100 sq ft lot this home features 3 bedrooms and 3 bathroom to include a private casita and formal dining room.
Available Lease | $14,500/month
Wake up to panoramic ocean, Catalina, and city-light views from this stunning European-inspired residence in the guard-gated enclave of Belcara at Pacific Ridge.
Exclusive Turtle Ridge Opportunities
Looking to buy, sell or simply stay informed on the Turtle Ridge market? Visit TurtleRidgeHomes.com, our dedicated resource for the neighborhood, featuring current market information, available homes and potential private opportunities not found on the MLS.
Available Lease | Crystal Cove
Experience premier coastal living in Crystal Cove’s exclusive Sea Crest enclave—this stunning estate offers unobstructed Pacific views, an infinity-edge pool, and luxurious indoor-outdoor living.
Questions on any of the above, or on a home that is not in it? Jim Watson reads every reply — call or text (714) 342-4040, or use the form on the home page and the team will come back within one business day.