$3,080,341 - $4,101,000
RENTED AUG 22, 2025
3 Beds
3 Baths
2,450 Sq Ft
0.5 Acres

Last Sold November 19, 2012

Last sale price $1,150,000 $469 Per Sq Ft

Est. 209% increase in value since last sale

Current estimated payment $20,469/month

Highlights

  • Ocean View
  • Property Fronts a Bay or Harbor
  • Primary Bedroom Suite
  • Newport Elementary School Rated A
  • No Units Above
  • 3-minute walk to Lido Park

About This Home

As of August 2025

Indulge in the epitome of coastal luxury with this exceptional PENTHOUSE CONDO situated on the bayfront in Newport Beach. Boasting breathtaking views of the harbor, ocean, city lights, surrounding mountains, and Catalina Island, this single-level residence offers a harmonious blend of sophistication and comfort. Recently updated and sharing only one common wall, this exclusive home is a serene retreat with designer enhancements throughout. High-end features include sleek Viking appliances, rich hardwood flooring, and a tastefully remodeled primary bathroom. The open-concept layout showcases seamless flow between the kitchen, dining, and living areas, all thoughtfully positioned to capture uninterrupted views of the sparkling bay, Lido Isle, and beyond. Step outside to the expansive terrace that spans the full width of the residence, providing the perfect vantage point to enjoy the vibrant waterway and passing boats. The private Owner’s Suite, located on the opposite end of the home, features its own balcony with panoramic vistas extending to Catalina Island. A secondary en-suite bedroom and a flexible den/office space, which could serve as a third bedroom, complete the thoughtfully designed floorplan. Wake up each day to tranquil water views and gentle ocean breezes in this prime location. Perfectly positioned across from The Cannery and Blue Water Grill, this property is just a short walk to Lido House, Nobu, and the boutique shops of Newport Beach. Secure gated parking and a semi-private elevator that opens directly to your front door ensure convenience and peace of mind. For boating enthusiasts, the community offers optional rental boat slips, accommodating vessels up to 50 feet, providing direct access to the harbor and open seas. Don’t miss this rare opportunity to enjoy premier bayfront living in one of Newport Beach’s most sought-after locations. Owner may consider a sale. Contact agent for details. Property may be delivered furnished for an additional fee

Last Agent to Rent the Property

Jon Flagg

Pacific Sotheby's Int'l Realty Brokerage Email: jon@flaggrealestate.com License #01316048 Listed on: 07/24/2025

Pacific Sotheby's Int'l Realty

Co-Listed By

Kyle Flagg

Pacific Sotheby's Int'l Realty Brokerage Email: jon@flaggrealestate.com License #02095991

Last Renter's Agent

Jon Flagg

Pacific Sotheby's Int'l Realty Brokerage Email: jon@flaggrealestate.com License #01316048 Listed on: 07/24/2025

Pacific Sotheby's Int'l Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,997

Year Built

  • Built in 1973

Lot Details

  • Property Fronts a Bay or Harbor
  • Home fronts a canal
  • No Units Above
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Side by Side Parking
  • Gated Parking
  • Community Parking Structure

Property Views

  • Ocean
  • Marina
  • Bay
  • Harbor
  • Catalina
  • City Lights
  • Canal

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,450 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furniture Can Be Negotiated
  • Built-In Features
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Den
  • Utility Room
  • Center Hall

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Ocean Side of Freeway
  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Security Deposit $12,995
  • Rent includes association dues
  • 12-Month Minimum Lease Term
  • Available 7/24/25
  • Tax Lot 1
  • Tax Tract Number 7838
  • Assessor Parcel Number 93270006
  • Seller Considering Concessions

Community Details

Overview

  • Property has a Home Owners Association
  • 12 Units
  • Lido Building Subdivision

Security

  • Card or Code Access

Condo Details

Home Type

Condominium

Est. Annual Taxes

$14,997

Year Built

Built in 1973

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-07-24
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 12995
  • Furnished: Negotiable
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • Security: Card/Code Access
  • Subdivision Name Other: Lido Building (#621) (L621)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 93270006
  • Year Built: 1973
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2450.00 Square Feet
  • Interior Amenities: Built-in Features, Living Room Deck Attached, Open Floorplan, Stone Counters
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall, No One Above
  • Flooring: Carpet, Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Area, Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 5.30
  • Room Type: Center Hall, Den, Dressing Area, Great Room, Kitchen, Laundry, Primary Suite, Utility Room, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Primary Bath, Main Floor Full Bath, Stone Counters
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Stone Counters

Exterior Features

  • Patio: Yes
  • View: Bay, Canal, Catalina, City Lights, Harbor, Marina, Ocean, Water
  • Patio And Porch Features: Deck
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Covered, Gated, Private, Side by Side, Subterranean
  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 21634.00
  • Lot Size Acres: 0.4966

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 21634.0000 Square Feet
  • Number Of Units In Community: 12
  • Number Of Units Total: 1
  • Rent Includes: Association Dues
  • Waterfront Features: Bay Front, Canal Front, Ocean Side of Freeway

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 1
  • Tax Tract Number: 7838

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2012
Closed on
Oct 5, 2012
Sold by
Holmes Robert G
Bought by
The Arnett Family Trust #62 and C I C
Seller's Agent
James Bertolli
Pacific Sotheby's Int'l Realty
Buyer's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
List Price
$1,150,000
Sold Price
$1,150,000
Current Estimated Value
$3,554,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,404,780
Avg. Annual Appreciation
9.20%

Purchase Details

Closed on
Apr 7, 2006
Sold by
Holmes Carolyn
Bought by
Holmes Ii Robert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,351,158
Interest Rate
6.65%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 14, 2006
Sold by
Nicholson Dennis H
Bought by
Holmes Ii Robert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,351,158
Interest Rate
6.65%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 26, 2003
Sold by
Nicholson Dennis H
Bought by
Nicholson Dennis H and The Dennis H Nicholson Revocable Living

Purchase Details

Closed on
Jul 8, 2003
Sold by
Nicholson Beverly Sue
Bought by
Nicholson Dennis H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2003
Sold by
Polovina John Milan and Polovina Kay Lea
Bought by
Nicholson Dennis H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 2000
Sold by
Polovina John M and Polovina Kay Lea
Bought by
Polovina John Milan and Polovina Kay Lea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,200
Interest Rate
8.5%

Purchase Details

Closed on
Jul 27, 2000
Sold by
Eilertsen Herbert G
Bought by
Polovina John M and Polovina Kay Lea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,200
Interest Rate
8.5%
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
The Arnett Family Trust #62 $1,150,000 Orange Coast Title
Holmes Ii Robert G -- Stewart Title Of Ca Inc
Holmes Ii Robert G $2,215,000 Stewart Title Of Ca Inc
Nicholson Dennis H -- --
Nicholson Dennis H -- Equity Title
Nicholson Dennis H $1,350,000 Equity Title
Polovina John Milan -- --
Polovina John M -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holmes Ii Robert G $1,351,158
Previous Owner Nicholson Dennis H $100,000
Previous Owner Nicholson Dennis H $750,000
Previous Owner Polovina John Milan $584,000
Previous Owner Polovina John Milan $591,000
Previous Owner Polovina John Milan $50,000
Previous Owner Polovina John M $559,200
Closed Polovina John M $69,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Rented $12,995 0.0% --
08/11/2025 08/11/25 Off Market $12,995 -- --
07/24/2025 07/24/25 For Rent $12,995 0.0% --
11/19/2012 11/19/12 Sold $1,150,000 0.0% $460 / Sq Ft
11/19/2012 11/19/12 Pending -- -- --
11/19/2012 11/19/12 For Sale $1,150,000 -- $460 / 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 $14,997 $1,416,136 $1,142,752 $273,384
2024 $14,997 $1,388,369 $1,120,345 $268,024
2023 $14,644 $1,361,147 $1,098,378 $262,769
2022 $14,400 $1,334,458 $1,076,841 $257,617
2021 $14,125 $1,308,293 $1,055,727 $252,566
2020 $13,989 $1,294,879 $1,044,902 $249,977
2019 $13,702 $1,269,490 $1,024,414 $245,076
2018 $13,431 $1,244,599 $1,004,328 $240,271
2017 $13,194 $1,220,196 $984,636 $235,560
2016 $12,899 $1,196,271 $965,329 $230,942
2015 $12,777 $1,178,302 $950,828 $227,474
2014 $12,476 $1,155,221 $932,202 $223,019
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25166727

California Regional Multiple Listing Service (CRMLS)

APN: 932-700-06