With a population of approximately 206 in 1906, the residents living in the scattered settlements on the property currently known as Newport Beach decided to incorporate their small town. The development of this area of California real estate known as Newport Beach was furthered when a southern terminus of the Pacific Electric Railway was established in the city. 

This terminus connected the Newport community with Los Angeles. Today, Newport Beach is considered one of the richest cities not only in Orange County but the nation as well. Newport Beach, located just south of Santa Ana, includes areas such as San Joaquin Hills, Balboa Peninsula, Corona del Mar, Upper Newport Bay, Back Bay, and Lower Newport Bay.

The climate of Newport Beach can be described as Mediterranean. The average yearly high is 68 degrees Fahrenheit while the average yearly low is 56 degrees Fahrenheit. The main reason this area of California real estate experiences such temperate weather is due to its proximity to the Pacific Ocean. Newport Beach temperatures are moderated by the ocean's cooling effects in the summer and warming effects in the winter. While the official elevation of the city is only 25 feet above sea level, in some areas of the city the elevation is as great as 1161 feet above sea level. From a 2007 survey, it was determined that 98 percent of the residents of Newport Beach felt the city was a good or excellent place to live. Newport Beach property is some of the most highly regarded property in the State of California.

Approximately 86,000 residents make Newport Beach their home, and many of the city's residents are quite well-known. Some of Newport Beach's more famous residents include Lauren Bacall, Shirley Temple, Tiger Woods, Chuck Norris, Nicholas Cage, Reggie Jackson, and Karl Malone. Figures such as George Burns, John Wayne, and Humphrey Bogart also once called Newport Beach home. The city has been featured on television shows such as The O.C., Arrested Development, and The Real Housewives of Orange County. 

There are many attractions for Newport Beach property owners to enjoy. These include Newport Pier, Fashion Island, and Crystal Cove State Beach to name a few. Those interested in Newport Beach real estate will want to know that the average price of Newport Beach homes for sale is just over $2.1 million. The median price of Newport Beach real estate is more than $1 million. The prices of newly listed Newport Beach homes for sale have recently been on the rise.