MLS® ID: NP19022322
700 Lido Park Drive
Newport Beach, California, 92663 $375,000
Location, location, location! This is a detached, interior, corner (doesn’t back up to a parking lot), with an extra deeded parking space, rare in this gated community. You don’t have to move a car to get another car out of the garage. One house from the bay and a short walk to the oceanfront, restaurants and stores.
This great little beach house was redesigned in 2014 to include all new interior doors and moldings, kitchen, baths, flooring and more.
The land lease of $2428 monthly makes this home affordable in a very expensive area. Leased land has a long history in Newport Beach. Some of the areas that have or have had leased land include Bayshores, Beacon Bay, Newport Shores, Linda Isle, Dover Shores and Kings Road. The lease expiration is 2032 with an opportunity for 5 year extensions upon expiration.
Adding further to this idealic little community there are no short term rentals. The buyer may have to pay cash.