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Irvine TerraceIrvine Terrace is centrally located in the City of Newport Beach south of Newport Center, across the street from Newport Beach Country Club and between Pacific Coast Highway and Bayside Drive. Irvine Terrace Phase I was co-developed by Harbor Realty in 1955 and consists of 190 homes. Phase II, also co-developed by Harbor Realty and consisting of 183 homes, is contiguous to and east of Phase I. Many of the homes in Irvine Terrace have spectacular views of Newport Bay, the Pacific Ocean and Santa Catalina Island - "26 miles across the sea". Irvine Terrace Park is located on 6.8 acres in the middle of Irvine Terrace. The park is maintained by the city and has two small soccer fields, one full size basketball court, two tennis courts, a children's pay area, picnic tables and rest room facilities. Irvine Terrace is one of the more desirable locations in Newport Beach due to its convenient location, terrific views and spacious lots - typical lots are 8,000 to 10,000 sq.ft. Homes currently for sale in Irvine Terrace range in price from $1,550,000 to $5,500,000. Almost all the homes in Irvine Terrace are single story.