$13,500,000
SOLD AUG 7, 2023
4 Beds
4.5 Baths
3,650 Sq Ft
3,150 Sq Ft Lot

Recently Sold

$3,699 Per Sq Ft

4% Below List Price

2 Days on Market

Highlights

  • Boat Dock
  • Property Fronts a Bay or Harbor
  • Rooftop Deck
  • Newport Elementary School Rated A
  • New Construction
  • 3-minute walk to Genoa Park

About This Home

As of August 2023

For the first time in more than 20 years, a newly constructed, yet-to-be-lived in home has come to market on picturesque Lido Isle. The epitome of a gracious coastal lifestyle and mesmerizing views awaits in this stunning waterfront home by Sailhouse. Offered, beautifully and tastefully furnished, with interior design perfected by Kelly Nutt Design, the residence is sited on a large lot, featuring 4 bedroom suites, an open floor plan perfectly blends classic east coast style with sophisticated yet relaxed Newport Beach living. Upon entering the home, you will be welcomed into a foyer with an elevator, adjacent powder room, mud room, and access to the oversized two-car garage. Stepping into the spacious kitchen and dining area, the great room features an abundance of natural light from expansive windows, including an entire wall of La Cantina sliding doors that open onto a covered, heated patio offering unobstructed, 180-degree views of the ever-changing bayfront scenery with rare, direct beach access. The kitchen boasts a Wolf 60-inch, 6-burner range and dual oven, Sub-Zero refrigerator and under-counter wine fridge, a convenient butler’s pantry, and an island for dining and entertaining. There is built-in cabinetry in the dining and living rooms as well as a fireplace. On the second level, the primary suite features a deck with breathtaking bay views, a fireplace, an adjacent office, separate his and her closets, and a sumptuous bathroom with dual vanities and a stand-alone tub. The upper level also has three secondary en suite bedrooms, laundry room with ample storage and private guest suite with a separate entrance and living area that is perfect for in-laws, college students returning home or friends that wish to stay awhile. Completing this custom home is a third-level rooftop deck with bbq island and breathtaking 180-degree views of the channel and peninsula. The home features, gorgeous stones, designer light fixtures and hardware throughout, stained white oak flooring, a custom wood handrail on the staircase and tongue and groove paneling throughout the living areas. Ideal for entertaining, the home also has built-in speakers in the living room, patio, all bedrooms, and rooftop deck. Google Nest thermostats and five Ring security cameras are also included for security. Enjoy an easy walk to Lido Marina Village and Lido's desirable amenities from this stunning home.

Last Agent to Sell the Property

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048 Listed on: 07/15/2023

Pacific Sotheby's Int'l Realty

Co-Listed By

Kyle Flagg

Pacific Sotheby's Int'l Realty License #02095991

Last Buyer's Agent

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $142,442

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 3,150 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Density is up to 1 Unit/Acre

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Entry on the 1st floor
  • Planned Development

Interior Spaces

  • 3,650 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Built-In Features
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Bay Views

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Rooftop Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 923
  • Tax Tract Number 907
  • Assessor Parcel Number 42316708
  • $363 per year additional tax assessments

Community Details

Overview

  • Lido Isle Homeowners Association
  • Lica HOA
  • Lido Island Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Banquet 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 2023 | New Construction

Lot Details

0

HOA Fees

$125 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Lido Island (LIDO)
  • View: Yes
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42316708
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 3650.00 Square Feet
  • Interior Amenities: Built-in Features, Elevator, Open Floorplan, Stone Counters
  • Stories: 3
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3698.63
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Living Room, Master Bathroom, Master Suite, Office, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Privacy Toilet Door
  • Room Kitchen Features: Butler's Pantry, Kitchen Island, Stone Counters

Exterior Features

  • Patio: Yes
  • View: Bay
  • Patio And Porch Features: Patio, Roof Top
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Gas Range, Microwave, Range Hood, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Picnic Area, Playground, Dock, Pier, Tennis Court(s), Sport Court, Clubhouse, Banquet Facilities, Management
  • Association Fee: 1500.00
  • Association Fee Frequency: Annually
  • Association Name: Lido Isle Homeowners Association
  • Phone: 949
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Management: LICA

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3150.00
  • Lot Size Acres: 0.0723

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3150.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front

Tax Info

  • Tax Census Tract: 629.00
  • Tax Lot: 923
  • Tax Tract Number: 907
  • TaxOtherAnnualAssessmentAmount: 363.00

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
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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: NP23121110

California Regional Multiple Listing Service (CRMLS)

APN: 423-167-08