Bay Island is wonderful find in Newport Beach real estate. Located half-way down the Balboa Peninsula, Bay Island has the best island life has to offer with all the shopping, dining and entertainment available on Balboa Peninsula. Balboa Peninsula is home to the famous Newport Beach Ferris Wheel, the Balboa Fun Zone and the broad walk. Once on Bay Island, residents can enjoy immense privacy and quiet. There are only 23 homes on this pedestrian only island. This is a private gated community with a full time caretaker. Golf carts are allowed on the island. There is also an off island parking facility for the residents. Unique to Bay Island is it co-op style living. The homeowners’ association provides the caretaker, parking facility and manicured gardens throughout the island. Bay Island has wonderful views of the Pacific Ocean, the bay, City Night Lights and breathtaking sunsets. Bay Island homes range in price from four million dollars to twenty plus million dollars. Once back on the main land, residents have all the conveniences and fun of Balboa Peninsula. Fashion Island, the CDM and local freeways are all within close proximity for residents.