James McFadden received title to the Peninsula in 1892
from 40th to 9th Street. His purchase was one dollar per acre
as government swamp and overflow land. Town site was laid
out near the wharf where lots were leased by the year.
In 1902 William Collins bought 981 acres from McFadden and
put the price for oceanfront property between $150 and $300
a lot. In 1906 Pacific Electric Railway became influential
in spreading the sandpit (Peninsula) fame as a summer recreation
center and vacation retreat.
Those who bought property encouraged friends to settle nearby,
and to those early settlers-many still represented by third
and fourth generations. The Peninsula was and is Newport Beach.
McFadden Wharf and Newport Pier area is designated one of
California’s historical landmarks. The Dory Fishermen
have bee supplying fresh fish for sale in an open air market
for nearly 100 years.
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