NOT LISTED FOR SALE
3 Beds
3.5 Baths
5,700 Sq Ft
0.32 Acres

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Open Floorplan
  • Newport Elementary School Rated A
  • 0.32 Acre Lot
  • 3-minute walk to Lido Park

About This Home

As of May 2022

A contemporary, fully furnished penthouse combining the serenity of a waterfront aerie with the privacy of a lofty vantage point. Rarely offered, this bayfront retreat presents 100’ of frontage, optional 80’ slip that can accommodate a vessel over 100’, and appx. 5,700 square feet of exquisitely decorated interiors. Walls of glass frame glittering harbor views and enclose an open floor plan accommodating three spacious en suite bedrooms and three-and-one-half bathrooms. Light-filled and bespoke, the residence is outfitted in the finest finishes including immaculate wood flooring, designer pendant lighting, and custom window coverings throughout.

The main level is devoted to open concept living and dining areas, a fully-equipped eat-in kitchen, and a lavish owner's suite featuring a sumptuous walk-in closet, large soaking tub, oversized walk-in shower, and dual vanity floating sinks- all with a spectacular backdrop of Lido Channel.

A stainless steel cable-railing staircase connects to the upper floor, which houses a media room and two generously sized en suite bedrooms.

Beyond the floor-to-ceiling glass doors, relax in high style on the private terrace of either level with show-stopping vistas of the azure horizon.

This one-of-a-kind residence sets the standard for contemporary coastal living with the bay, beach, upscale eateries, and specialty shopping right at your doorstep.
SHORT-TERM LEASE AVAILABLE, PRICE TO BE NEGOTIATED. BOAT SLIP IS AVAILABLE, NOT INCLUDED- INQUIRE WITHIN.

Last Agent to Rent the Property

Tim Smith

Coldwell Banker Realty License #01346878 Listed on: 01/20/2022

Coldwell Banker Realty

Last Renter's Agent

Jim Olmsted

Keller Williams OC Coastal Realty License #01126426

Keller Williams OC Coastal Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $227,857

Year Built

  • Built in 1961

Lot Details

  • Property Fronts a Bay or Harbor
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • Turnkey

Interior Spaces

  • 5,700 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Custom Window Coverings
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Dining Room
  • Wood Flooring
  • Bay Views
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Built-In Range
  • Freezer
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Separate Shower

Outdoor Features

  • Boat Slip
  • Balcony

Utilities

  • Central Air
  • Standard Electricity

Listing and Financial Details

  • Security Deposit $285,000
  • Rent includes association dues
  • 12-Month Minimum Lease Term
  • Available 1/24/22
  • Tax Lot 1
  • Assessor Parcel Number 42312309

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units
  • 5-Story Property

Recreation

  • Water Sports

Condo Details

Home Type

Condominium

Est. Annual Taxes

$227,857

Year Built

Built in 1961

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Credit Report, Security Deposit
  • Available Date: 2022-01-24
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Security: 285000
  • Furnished: Furnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Ad Number: 9494782295
  • Other Phone Description: Showings
  • Other Phone Number: 9494782295
  • Property Attached: Yes
  • Subdivision Name Other: 3388 Via Lido
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 42312309
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 5700.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Furnished, High Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting
  • Stories: 5
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Dining Room, In Kitchen
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 12.28
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet, Walk-In Pantry
  • Window Features: Custom Covering
  • Bathroom Features: Shower, Double Sinks In Master Bath, Separate Tub And Shower, Soaking Tub, Stone Counters, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Exterior Features: Boat Slip
  • View: Bay
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Built-In Range, Freezer, Gas Cooktop, Refrigerator
  • Electric: Standard
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Watersports

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 13987.00
  • Lot Size Acres: 0.3211

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 13987.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 1
  • Rent Includes: Association Dues
  • Waterfront Features: Bay Front

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2021
Sold by
New Port Beach Mixed Development Llc
Bought by
Bayfront Holdings Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,250,000
Outstanding Balance
$24,053,593
Interest Rate
2.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 27, 2011
Sold by
Bayfront Holding L P
Bought by
New Port Beach Mixed Development Lllp

Purchase Details

Closed on
Oct 22, 2010
Sold by
Wrec Lido Venture Llc
Bought by
Bayfront Holdings Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,250,000
Interest Rate
4.33%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 2006
Sold by
Marvin Engineering Co Inc
Bought by
Wrec Lido Venture Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bayfront Holdings Lp $31,500,000 First American Title Ins Co
New Port Beach Mixed Development Lllp $9,514,000 Fidelity National Title
Bayfront Holdings Lp $13,600,000 Fidelity National Title Co
Wrec Lido Venture Llc -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bayfront Holdings Lp $26,250,000
Previous Owner Bayfront Holdings Lp $7,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2022 05/02/22 Rented $70,000 -6.7% --
04/27/2022 04/27/22 Under Contract -- -- --
03/07/2022 03/07/22 Price Changed $75,000 -21.1% $13 / Sq Ft
01/20/2022 01/20/22 For Rent $95,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $227,857 $21,542,522 $13,052,858 $8,489,664
2024 $227,857 $21,120,120 $12,796,920 $8,323,200
2023 $222,493 $20,706,000 $12,546,000 $8,160,000
2022 $218,773 $20,300,000 $12,300,000 $8,000,000
2021 $186,774 $17,257,281 $9,218,021 $8,039,260
2020 $184,975 $17,080,329 $9,123,501 $7,956,828
2019 $181,192 $16,745,421 $8,944,609 $7,800,812
2018 $177,601 $16,417,080 $8,769,225 $7,647,855
2017 $174,478 $16,095,177 $8,597,279 $7,497,898
2016 $170,770 $15,797,863 $8,428,705 $7,369,158
2015 $125,278 $11,404,278 $8,302,098 $3,102,180
2014 $108,809 $10,347,586 $8,139,472 $2,208,114
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22010857

California Regional Multiple Listing Service (CRMLS)

APN: 423-123-09