NOT LISTED FOR SALE

Estimated Value: $3,385,672 - $3,826,000

2 Beds
2.5 Baths
1,864 Sq Ft
1,864 Sq Ft Lot

Highlights

  • Marina
  • Ocean View
  • Private Dock Site
  • Newport Elementary School Rated A
  • Property has ocean access
  • 1-minute walk to Lido Park

About This Home

As of June 2023

Experience luxury waterfront living at its finest in this stunning high-rise condo located just off Lido Isle on the bayfront in Newport Beach. With breathtaking views of the harbor, ocean, mountains, and city lights, this 3rd-floor unit boasts an exceptional location that offers the best of coastal Orange County living.

This spacious condo features over 1850 square feet of living space, including two large bedrooms, two full bathrooms, and a powder room that features a back lit onyx wall. The interior of the unit has been stylishly updated with newly refinished wood floors, architecturally designed iron handrails, new moldings, and freshly painted walls. The kitchen is fully equipped with brand new top-of-the-line appliances, perfect for creating culinary masterpieces while taking in the breath-taking harbor views. The living room boasts views to the south, while the bedroom window offers views to the west.

The building is a true oasis, offering an array of generous amenities including 24/7 security and doorman, subterranean parking, a newly renovated resort-style pool, rooftop deck, guest parking, fitness center, and an entertainment room for hosting large gatherings. Residents also have access to a private boat dock (based on availability). The HOA has recently completed a massive two-year, multi-million-dollar renovation, including updated plumbing and electrical systems, new elevators and hallways, glass pool and balcony enclosures, and a revamped pool/jacuzzi with new hardscape throughout the grounds.

The location of the building is unbeatable, situated right across from The Cannery and Blue Water Grill, around the corner from The Lido House, and a short stroll to Nobu and the select shops of Newport Beach. You will be surrounded by a plethora of shopping, dining, and entertainment options that cater to your every need.

This luxury condo is available for a 12-month lease, unfurnished. Wake up to the early morning southern light on the harbor and wind down your day with unforgettable western sunset views from the bedroom window. Don't miss out on the chance to experience an unparalleled lifestyle in the heart of coastal Orange County. Call us today to schedule a viewing!"

Last Agent to Rent the Property

Artie Dorr

Balboa Realty License #01899740 Listed on: 02/17/2023

Co-Listed By

Harmony Sparks

Balboa Realty License #02030168

Last Renter's Agent

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048

Pacific Sotheby's Int'l Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,263

Year Built

  • Built in 1972

Lot Details

  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • 1 Common Wall

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Driveway
  • Automatic Gate
  • Parking Lot
  • Guarded Parking
  • Controlled Entrance
  • Community Parking Structure

Property Views

  • Ocean
  • Marina
  • Coastline
  • Back Bay
  • Harbor
  • Catalina
  • Bridge
  • City Lights
  • Views of a landmark
  • Dune
  • Canal
  • Mountain
  • Pool
  • Neighborhood

Home Design

  • Turnkey

Interior Spaces

  • 1,864 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Wood Flooring
  • Security Lights
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Property has ocean access
  • Private Dock Site
  • Ocean Side of Highway 1
  • Balcony
  • Deck
  • Patio
  • Rain Gutters

Location

  • Across the Road from Lake or Ocean
  • Urban Location

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $9,995
  • Rent includes pool, sewer, trash collection
  • 12-Month Minimum Lease Term
  • Available 2/24/23
  • Tax Lot 1
  • Tax Tract Number 7695
  • Assessor Parcel Number 93255018

Community Details

Overview

  • Property has a Home Owners Association
  • Front Yard Maintenance
  • 52 Units
  • Lido Building Subdivision

Amenities

  • Clubhouse

Recreation

  • Marina
  • Community Pool
  • Community Spa
  • Park

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit $1,000

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$14,263

Year Built

Built in 1972

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Credit Report, Security Deposit
  • Available Date: 2023-02-24
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Pets: 1000
  • Deposit Security: 9995
  • Furnished: Unfurnished
  • Pets Allowed: Call, Number Limit, Size Limit
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Assessments: No
  • Other Phone Description: 949-872-1417
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated with Attendant, Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Gated Community, Gated with Guard, Guarded, Resident Manager, Security Lights, Smoke Detector(s)
  • Subdivision Name Other: Lido Building (#601) (L601)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 93255018
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1864.00 Square Feet
  • Interior Amenities: Balcony, Elevator, Granite Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 4.29
  • Room Type: Kitchen, Laundry, Living Room, Walk-In Closet
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Exterior Features: Dock Private
  • View: Back Bay, Dunes, Bay, Bridge(s), Canal, Catalina, City Lights, Coastline, Harbor, Landmark, Marina, Mountain(s), Neighborhood, Ocean, Pool, Water
  • Patio And Porch Features: Deck
  • Pool Features: Private, Association, Community
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Controlled Entrance, Covered, Driveway, Garage, Gated, Guarded, On Site, Parking Space, Private, Structure, Subterranean
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Clubhouse, Guard, Maintenance Front Yard
  • Senior Community: No
  • Community Features: Curbs, Gutters, Park, Sidewalks, Urban

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 1864.00
  • Lot Size Acres: 0.0428

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 1864.0000 Square Feet
  • Number Of Units In Community: 52
  • Number Of Units Total: 52
  • Rent Includes: Pool, Sewer, Trash Collection
  • Waterfront Features: Across the Road from Lake/Ocean, Bay Front, Marina in Community, Navigable Water, Ocean Access, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 1
  • Tax Tract Number: 7695

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2003
Sold by
Gregory Donald and Gregory Kaye Romine
Bought by
Raker Jerry and Raker Beverly W
Current Estimated Value
$3,477,885

Purchase Details

Closed on
Aug 8, 2001
Sold by
Gregory Donald and Gregory Kaye
Bought by
Gregory Donald and Gregory Kaye Romine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.09%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 30, 2001
Sold by
Gregory Donald and Gregory Kaye Romine
Bought by
Gregory Donald and Gregory Kaye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.09%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 22, 2000
Sold by
Gregory Donald and Gregory Kay
Bought by
Gregory Donald and Gregory Kaye Romaine

Purchase Details

Closed on
Apr 19, 1997
Sold by
George Baker Edward and George Gary L
Bought by
Gregory Donald and Gregory Kaye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,600
Interest Rate
4.95%

Purchase Details

Closed on
Dec 10, 1996
Sold by
Baker Sharron Ann
Bought by
Baker Sharron Ann and The Sharron Ann Baker Trust 1988

Purchase Details

Closed on
Mar 8, 1996
Sold by
Rifkind Joyce Baker
Bought by
Rifkind Gary L and Rifkind Joyce
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 Buyer Sale Price Title Company
Raker Jerry $951,000 First American Title Co
Gregory Donald -- Fidelity National Title Ins
Gregory Donald -- Fidelity National Title Ins
Gregory Donald -- --
Gregory Donald $400,000 Guardian Title Company
Baker Sharron Ann -- --
Baker Sharron Ann -- --
Rifkind Gary L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raker Family Trust $450,000
Closed Raker Beverly W $450,000
Open Raker Beverly W $1,334,374
Previous Owner Gregory Donald $275,000
Previous Owner Gregory Donald $359,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2023 06/05/23 Rented $8,000 -11.0% --
04/07/2023 04/07/23 Price Changed $8,990 -10.1% $5 / Sq Ft
02/17/2023 02/17/23 For Rent $9,995 -- --
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
2024 $14,263 $1,325,603 $930,726 $394,877
2023 $13,926 $1,299,611 $912,476 $387,135
2022 $13,691 $1,274,129 $894,584 $379,545
2021 $13,429 $1,249,147 $877,044 $372,103
2020 $13,299 $1,236,339 $868,051 $368,288
2019 $13,025 $1,212,098 $851,031 $361,067
2018 $12,766 $1,188,332 $834,344 $353,988
2017 $12,539 $1,165,032 $817,984 $347,048
2016 $12,258 $1,142,189 $801,945 $340,244
2015 $12,141 $1,125,033 $789,899 $335,134
2014 $11,854 $1,102,996 $774,426 $328,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23027938

California Regional Multiple Listing Service (CRMLS)

APN: 932-550-18