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Balboa Island is an area of Newport Beach, California actually comprising three modified or artificial islands in Newport Harbor: Balboa Island , the largest; the smaller Little Balboa Island to the east of Balboa Island, joined by a two-lane bridge; and the smallest Collins Island to the northwest of Balboa Island, joined by a one-lane bridge. The Balboa Island community is joined to the mainland by a short two-lane bridge on the northeast of Balboa Island, and a privately-operated fleet of three, three-car ferryboats (Balboa Island Ferry) which provide access across the harbor to the Balboa Peninsula which lies to the south. Balboa Island is one of the most expensive real estate markets in North America outside of Lower Manhattan. A two-bedroom house with a water view from the living room can cost about $3 million. Local tradition has it that Balboa Island is where the "frozen chocolate banana" was first marketed. Snack shops on Marine Avenue will dip a frozen banana on a stick into ... Read more about Balboa Island on Wikipedia

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