A beautiful area of Newport Beach boasting both bay front and ocean front homes. The bay front homes have private docks (of varying size) overlooking Newport Harbor. The cost of the homes on the waterfront are largely determined on the amount of waterfront footage. The majority of the ocean front homes have the Newport Beach boardwalk between them and the sand; however, there are some homes which sit directly on the beach. The Balboa Peninsula in Newport Beach is bustling in the summer, with its beautiful beaches, shopping and dining all within walking distance.