The coastal city of Newport Beach is an upscale area, known for its large, boat-filled harbor, premier outdoor shopping, hundreds of quaint specialty shops, more than 400 restaurants, and Pelican Hill, the #1 golf resort in the world as ranked by Condé Nast. Balboa Peninsula has 2 piers, Newport Beach Pier and Balboa Pier, plus the Balboa Fun Zone, an old-school amusement park with a Ferris wheel and ocean views. Newport Beach is great for families. The schools are among the best in the state. However, such luxury comes with a hefty price tag. The homes are Newport Beach home prices are not only among the most expensive in California, but Newport Beach real estate also consistently ranks among the most expensive in America.