NOT LISTED FOR SALE

Estimated Value: $5,794,000 - $8,193,000

3 Beds
3 Baths
3,860 Sq Ft
$3,560/mo HOA Fee

Last Sold April 17, 2023

Last sale price $7,150,000 $1,852 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $49,645/month

48 Days on Market

Highlights

  • Ocean View
  • Boat Slip
  • Filtered Pool
  • Newport Elementary School Rated A
  • 24-Hour Security
  • 1-minute walk to Lido Park

About This Home

As of April 2023

Extraordinary rare 601 Lido Park Drive double unit residence in one of the most sought-after communities in all of Newport Beach. This end unit facing north on the 5th floor provides stunning harbor, ocean, mountain, and city-light views in every direction. This transitional design residence includes rich wood, custom tile flooring, wood and marble accents, designer window and wall coverings. The modern European chef’s kitchen is built for entertaining and includes center island, soft-close cabinetry, farmhouse sink, top-tier stainless steel appliances all with bay views. Enjoy stunning morning sunrises and endless sunsets in the living room and attached patio with expansive bay and ocean views. Ideal for dining al fresco, or enjoying the Christmas Boat Parade. The master suite comes with bay views, custom built-ins, seated vanity, “his and hers” sinks, soaking tub, dual walk-in rain shower and dressing room. This expansive condo also features 2 private guest suites with plush carpet and baths with custom tile, as well as home office with built-in desk and storage, ideal for remote work. The 601 is the only 24-hour service high-rise residenial building on the bay and just steps to world-class entertainment and dining such as Nobu, The Cannery, Bluewater Grill, Bear Flag, and the popular Lido Village. The HOA at a cost of $215,000 per unit (52) just completed a two year multi-million dollar refurbishment. Building engineering study includes new unit plumbing, electrical updates, new elevators, hallways, glass patio enclosures, new pool and hardscape around the entire building. Other 601 amenities include a workout gym, boat docks for Duffy" (based on availably) on-site maintenance, 24 hour doorman and security. This is truly one of the premiere locations and high-rise residences on the Pacific Coast.

Last Agent to Sell the Property

Jim West

Coldwell Banker Realty License #01278346 Listed on: 01/14/2023

Coldwell Banker Realty

Last Buyer's Agent

Robert Giem

Plus Real Estate License #01082750

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $77,053

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • End Unit
  • 1 Common Wall

HOA Fees

  • $3,560 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Assigned Parking

Property Views

  • Ocean
  • Marina
  • Coastline
  • Bay
  • Harbor
  • Panoramic
  • City Lights

Home Design

  • Turnkey

Interior Spaces

  • 3,860 Sq Ft Home
  • Great Room
  • Family Room Off Kitchen
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Electric Oven
  • Built-In Range
  • Dishwasher
  • Granite Countertops
  • Built-In Trash or Recycling Cabinet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 3 Full Bathrooms

Home Security

  • Home Security System
  • Security Lights

Pool

  • Filtered Pool
  • In Ground Pool
  • In Ground Spa
  • Gas Heated Pool

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Customized Wheelchair Accessible
  • Boat Slip
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 7695
  • Assessor Parcel Number 93255057
  • $364 per year additional tax assessments

Community Details

Overview

  • 52 Units
  • Association Phone (949) 675-6101
  • First Service HOA
  • Lido Building Subdivision

Recreation

  • Community Pool
  • Community Spa
  • Water Sports

Security

  • 24-Hour Security
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$77,053

Year Built

Built in 1972 | Remodeled

Lot Details

0

HOA Fees

$3,560 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated with Attendant, Fire and Smoke Detection System, Fire Sprinkler System, Security Lights, Security System
  • Subdivision Name Other: Lido Building (#601) (L601)
  • View: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93255057
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 3860.00 Square Feet
  • Interior Amenities: Elevator
  • Common Walls: 1 Common Wall, End Unit
  • Accessibility Features: Customized Wheelchair Accessible
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1852.33
  • Room Type: Family Room, Great Room, Kitchen, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Association, In Ground
  • Room Kitchen Features: Built-In Trash/Recycling, Granite Counters, Kitchen Open To Family Room

Exterior Features

  • Exterior Features: Boat Slip
  • View: Bay, City Lights, Coastline, Harbor, Marina, Ocean, Panoramic, Water
  • Pool Features: Association, Filtered, Gas Heat, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Electric Cooktop
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 3560.00
  • Association Fee Frequency: Monthly
  • Association Name: 601
  • Phone: 949 675-6101
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Watersports, Suburban
  • Association Management: First Service

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 52
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 1
  • Tax Tract Number: 7695
  • TaxOtherAnnualAssessmentAmount: 364.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2021
Sold by
Moore David C and Moore Kathryn W
Bought by
Damodice Holdings Ii Llc
Current Estimated Value
$7,279,550

Purchase Details

Closed on
Oct 11, 2018
Sold by
Dibadj Hamid R and Roshanravan Telma
Bought by
Dibadj Hamid Reza and Roshanravan Telma F

Purchase Details

Closed on
Jan 26, 2009
Sold by
Foster E Virginia
Bought by
Moore David C and Moore Kathryn W

Purchase Details

Closed on
Jul 24, 1998
Sold by
Wright Josephine S
Bought by
Vanderstar Cornelius and Vanderstar Marguerite

Purchase Details

Closed on
Apr 30, 1997
Sold by
Wright Josephine S
Bought by
Wright Josephine S
Source: Public Records

Range of Values:

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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
Damodice Holdings Ii Llc $6,340,000 Orange Coast Ttl Co Of Socal
Dibadj Hamid Reza -- None Available
Moore David C $3,100,000 Lawyers Title Company
Vanderstar Cornelius $2,000,000 First American Title Ins Co
Wright Josephine S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richard W Silver 1988 Living T $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2023 04/17/23 Sold $7,150,000 -4.7% $1,852 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
01/14/2023 01/14/23 For Sale $7,500,000 -- $1,943 / 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 $77,053 $7,438,860 $6,253,217 $1,185,643
2024 $77,053 $7,293,000 $6,130,604 $1,162,396
2023 $68,167 $6,466,800 $5,426,084 $1,040,716
2022 $67,046 $6,340,000 $5,319,690 $1,020,310
2021 $38,777 $3,651,407 $2,619,293 $1,032,114
2020 $38,406 $3,613,967 $2,592,436 $1,021,531
2019 $37,605 $3,543,105 $2,541,604 $1,001,501
2018 $36,854 $3,473,633 $2,491,769 $981,864
2017 $36,202 $3,405,523 $2,442,911 $962,612
2016 $35,385 $3,338,749 $2,395,011 $943,738
2015 $35,055 $3,288,598 $2,359,035 $929,563
2014 $34,228 $3,224,179 $2,312,824 $911,355
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23001900

California Regional Multiple Listing Service (CRMLS)

APN: 932-550-57