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3322 Via Lido, Newport Beach, California 92663, Newport Beach, 92663 - 6 bed, 5 bath

3322 Via Lido, Newport Beach, California 92663 home-pic-0
ACTIVE$15,995,000
3322 Via Lido, Newport Beach, California 92663
6Beds
5Baths
3,290Sqft
3,727Lot

Price Vs. Estimate

The estimated value ($14,297,440.29) is $1,697,559.71 (10%) lower than the list price ($15,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Premier Waterfront Location: Boasts approximately 42 feet of prized Newport Harbor frontage on Via Lido, offering direct access to scenic waterways and panoramic harbor, bay, ocean, and water views.
Top Cons:
Significant Price Discrepancy: The listing price is approximately 13% higher than the estimated property value, which may require strong justification or negotiation.

Compared to the nearby listings

Price:$15.99M vs avg $4.45M (+$11,545,000)97%
Size:3,290 sqft vs avg 2,456 sqft75%
Price/sqft:$4.9K vs avg $1.8K96%

More Insights

Built in 1954 (71 years old).
Condition: Despite being built in 1954, the property has clearly undergone extensive modern renovations, as evidenced by the contemporary exterior facade and the updated living area featuring recessed lighting, modern bi-fold doors, and a stone fireplace. While specific images of the kitchen and bathrooms are not provided, the overall aesthetic and the property's high market value suggest these areas are also updated and in good, move-in ready condition, aligning with a 'vibrant coastal lifestyle.' However, without direct visual confirmation of these key areas and a specific renovation timeline, an 'Excellent' score cannot be fully justified, placing it firmly in the 'Good' category.
Year Built
1954
Close
-
List price
$15.99M
Original List price
$15.99M
Price/Sqft
$4,862
HOA
-
Days on market
-
Sold On
-
MLS number
OC25245814
Home ConditionGood
Features
Excellent View: Bay, Harbor, Ocean, Water
Patio
ViewBay, Harbor, Ocean, Water

About this home

A one-of-a-kind bay-front investment opportunity to acquire a premier parcel on Via Lido, featuring two condominiums with separate APNs and addresses (3322 Via Lido, 3 beds 2 baths, 1,540 square feet APN 933-941-23, and 3324 Via Lido, 3 beds 3 baths, 1,766 square feet APN 933-941-22) and active short-term rental permits offering unparalleled flexibility, income potential, and long-term value. Spanning approximately 42 feet of prized Newport Harbor frontage, the property boasts a private dock accommodating multiple vessels and direct access to the harbor’s scenic waterways. Each of the residences showcases panoramic harbor views and embodies the vibrant coastal lifestyle synonymous with Lido Island. Perfectly positioned within walking distance to Lido Marina Village, world-class beaches, fine dining, and boutique shopping, and just minutes from John Wayne Airport and Fashion Island. A truly unique offering blending premier location, luxury, and investment versatility in the heart of Newport Beach’s most sought-after waterfront community.

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•0.7mi
9/10
Newport Elementary School
Public,•PK-6•0.8mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.6mi
7/10
Newport Harbor High School
Public,•9-12•0.9mi
Condition Rating
Good
Despite being built in 1954, the property has clearly undergone extensive modern renovations, as evidenced by the contemporary exterior facade and the updated living area featuring recessed lighting, modern bi-fold doors, and a stone fireplace. While specific images of the kitchen and bathrooms are not provided, the overall aesthetic and the property's high market value suggest these areas are also updated and in good, move-in ready condition, aligning with a 'vibrant coastal lifestyle.' However, without direct visual confirmation of these key areas and a specific renovation timeline, an 'Excellent' score cannot be fully justified, placing it firmly in the 'Good' category.
Pros & Cons

Pros

Premier Waterfront Location: Boasts approximately 42 feet of prized Newport Harbor frontage on Via Lido, offering direct access to scenic waterways and panoramic harbor, bay, ocean, and water views.
Exceptional Investment & Income Potential: A unique investment opportunity featuring two condominiums with separate APNs and active short-term rental permits, providing unparalleled flexibility and significant income potential.
Private Dock & Water Access: Includes a private dock capable of accommodating multiple vessels, a highly desirable amenity for waterfront living and boating enthusiasts.
Dual Residence Configuration: Comprises two distinct condominiums, offering versatility for multi-generational living, rental income, or a combination, enhancing its long-term value.
Prime Walkability & Proximity: Perfectly positioned within walking distance to Lido Marina Village, world-class beaches, fine dining, and boutique shopping, with easy access to John Wayne Airport and Fashion Island.

Cons

Significant Price Discrepancy: The listing price is approximately 13% higher than the estimated property value, which may require strong justification or negotiation.
Property Age: Built in 1954, the property is nearly 70 years old, potentially indicating a need for updates to systems, infrastructure, or interior finishes not explicitly detailed as renovated.
Conflicting Property Type Information: The property is described as 'two condominiums' with separate APNs, yet the sub_type is listed as 'Single Family Residence,' which could lead to confusion regarding its legal structure or financing.

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