$6,200,000
SOLD DEC 21, 2018
7 Beds
6.5 Baths
100 Sq Ft
6,495 Sq Ft Lot

Recently Sold

$62,000 Per Sq Ft

17% Below List Price

115 Days on Market

Highlights

  • Beach Front
  • Boat Dock
  • Ocean Side of Highway 1
  • Newport Elementary School Rated A
  • Bay View
  • 3-minute walk to Genoa Park

About This Home

As of August 2023

Incredible opportunity to own 70 feet on the bay on exclusive Lido Isle. The property is zoned MFDW. According to the city of Newport Beach, a new single family home can be built, up to three condominiums can be built, or the existing structures can be remodeled. 6 garage spaces (one currently not in use as a garage.) Beautiful bay, city lights and sunset views.

Last Agent to Sell the Property

Alison Mccormick

Arbor Real Estate License #00607959 Listed on: 05/10/2018

Arbor Real Estate

Last Buyer's Agent

Alison Mccormick

Arbor Real Estate License #00607959 Listed on: 05/10/2018

Arbor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $142,442

Year Built

  • Built in 1947

Lot Details

  • 6,495 Sq Ft Lot
  • Beach Front
  • Property Fronts a Bay or Harbor
  • Block Wall Fence
  • Level Lot

HOA Fees

  • $183 Monthly HOA Fees

Parking

  • 6 Car Attached Garage

Home Design

  • Concrete Roof

Interior Spaces

  • 100 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Bay Views
  • Updated Kitchen
  • Laundry Room

Flooring

  • Brick
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms | 4 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom

Outdoor Features

  • Ocean Side of Highway 1
  • Deck
  • Open Patio
  • Exterior Lighting

Utilities

  • Underground Utilities

Listing and Financial Details

  • Tax Lot 923
  • Tax Tract Number 907
  • Assessor Parcel Number 42316704

Community Details

Overview

  • Lido Isle Community Association, Phone Number (949) 673-6170

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Banquet Facilities
  • Laundry Facilities

Recreation

  • Boat Dock
  • Pier or Dock
  • Tennis Courts
  • Sport Court
  • Community Playground

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$142,442

Year Built

Built in 1947

Lot Details

0

HOA Fees

$183 per month

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42316704
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 100.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Brick, Stone
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Room Type: Main Floor Master Bedroom
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Bay, Water
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Deck, Patio Open
  • Pool Private: No
  • Roof: Concrete
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Underground Utilities, Water Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Picnic Area, Playground, Dock, Pier, Tennis Court(s), Sport Court, Banquet Facilities, Dues Paid Annually, Management
  • Association Fee: 2198.80
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Community Association
  • Phone: 949-673-6170
  • Senior Community: No
  • Community Features: Curbs, Storm Drains, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6495.00
  • Lot Size Acres: 0.1491

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6495.0000 Square Feet
  • Number Of Units In Community: 875
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Beach Access, Beach Front, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 923
  • Tax Tract Number: 907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2023
Closed on
Aug 3, 2023
Sold by
Sailhouse Lido Llc
Bought by
365 Via Ledo Soud Llc
Seller's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$13,995,000
Sold Price
$13,500,000
Premium/Discount to List
-$495,000
-3.54%
Views
24
Current Estimated Value
$11,642,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,857,570
Avg. Annual Appreciation
-14.61%
Original Mortgage
$11,000,000
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 29, 2021
Closed on
Dec 14, 2021
Sold by
2010 Bethel Family Trust and Bethel Jeffrey James
Bought by
Sailhouse Lido Llc
Seller's Agent
Katie Bethel-Drown
Surterre Properties Inc.
Buyer's Agent
Aryn Laferrara
Sailhouse Real Estate, Inc.
List Price
$4,995,000
Sold Price
$4,650,000
Premium/Discount to List
-$345,000
-6.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
95.49%
Original Mortgage
$5,200,000
Interest Rate
3.11%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 29, 2021
Closed on
Dec 3, 2021
Sold by
Stephen John Ridge And Shelley Marie Rid and Ridge Stephen John
Bought by
2010 Bethel Family Trust and Bethel
Seller's Agent
Katie Bethel-Drown
Surterre Properties Inc.
Buyer's Agent
Aryn Laferrara
Sailhouse Real Estate, Inc.
List Price
$4,995,000
Sold Price
$4,650,000
Premium/Discount to List
-$345,000
-6.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,200,000
Interest Rate
3.11%
Mortgage Type
Construction
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 Type Sale Price Title Company
Grant Deed $13,500,000 First American Title
Grant Deed $4,650,000 Commonwealth Land Title
Grant Deed -- Accommodation/Courtesy Recordi
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $11,000,000 New Conventional
Previous Owner $5,200,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2023 08/07/23 Sold $13,500,000 -3.5% $3,699 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
07/15/2023 07/15/23 For Sale $13,995,000 +201.0% $3,834 / Sq Ft
01/04/2022 01/04/22 Sold $4,650,000 -6.9% $1,307 / Sq Ft
10/26/2021 10/26/21 For Sale $4,995,000 0.0% $1,404 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
07/22/2021 07/22/21 Price Changed $4,995,000 -9.1% $1,404 / Sq Ft
06/29/2021 06/29/21 For Sale $5,495,000 -11.4% $1,545 / Sq Ft
12/21/2018 12/21/18 Sold $6,200,000 -11.4% $62,000 / Sq Ft
09/02/2018 09/02/18 Pending -- -- --
07/31/2018 07/31/18 Price Changed $6,995,000 -6.7% $69,950 / Sq Ft
05/10/2018 05/10/18 For Sale $7,495,000 -- $74,950 / Sq Ft
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 $142,442 $13,770,000 $12,554,201 $1,215,799
2024 $142,442 $13,500,000 $12,308,040 $1,191,960
2023 $56,409 $5,344,741 $4,743,000 $601,741
2022 $31,162 $2,928,326 $2,928,326 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18110278

California Regional Multiple Listing Service (CRMLS)

APN: 423-167-08