601 Lido Park Drive 3f, Newport Beach, California 92663, Newport Beach, 92663 - 2 bed, 3 bath

601 Lido Park Drive 3f, Newport Beach, California 92663 home-pic-0
ACTIVE$3,500,000
601 Lido Park Drive 3f, Newport Beach, California 92663
2Beds
3Baths
1,860Sqft
30,984Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
High Monthly Association Fee: The property carries a substantial monthly association fee of $1945.0, which could be a significant ongoing cost for potential buyers, despite the extensive amenities and recent building renovations.

Compared to the nearby listings

Price:$3.50M vs avg $1.56M (+$1,937,500)95%
Size:1,860 sqft vs avg 1,357 sqft81%
Price/sqft:$1.9K vs avg $90095%

More Insights

Built in 1972 (53 years old).
Condition: This property, despite being built in 1972, has undergone an extensive and recent renovation, both for the individual unit and the building's common areas and infrastructure. The description explicitly states the interior is 'impeccably updated' with 'newly refinished wood floors,' 'fresh moldings,' and a 'chef's delight' kitchen with 'top-of-the-line appliances.' The stylish powder room with a 'backlit onyx wall' further indicates high-end, recent updates. The building itself completed a 'comprehensive two-year, multi-million-dollar renovation' by the HOA, including updated plumbing, electrical systems, new elevators, and rejuvenated common areas. The images support this, showcasing modern recessed lighting, pristine hardwood floors, and well-maintained, high-quality bathrooms. While the primary bathroom has a more classic aesthetic, it is in excellent condition, and the second bathroom features contemporary mosaic tiling. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Year Built
1972
Close
-
List price
$3.5M
Original List price
$3.75M
Price/Sqft
$1,882
HOA
$1,945
Days on market
-
Sold On
-
MLS number
NP25015098
Home ConditionExcellent
Features
Excellent View: Bay, Back Bay, Bridge(s), Bluff, Canal, Catalina, City Lights, Coastline, Harbor, Marina, Mountain(s), Neighborhood, Ocean, Pool, Water
Deck
Pool
Spa
ViewBay,Back Bay,Bridge(s),Bluff,Canal,Catalina,City Lights,Coastline,Harbor,Marina,Mountain(s),Neighborhood,Ocean,Pool,Water

About this home

Indulge in the epitome of luxury waterfront living within this magnificent high-rise condominium, nestled just off Lido Isle on the picturesque bayfront of Newport Beach. Revel in awe-inspiring vistas encompassing the harbor, ocean, majestic mountains, and twinkling city lights from this third-floor sanctuary, offering an unparalleled coastal Orange County lifestyle. Spanning over 1850 square feet, this spacious residence boasts two expansive bedrooms, two full bathrooms, and a stylish powder room adorned with a captivating backlit onyx wall. Impeccably updated, the interior showcases newly refinished wood floors, architecturally designed iron handrails, fresh moldings, and pristine walls. The kitchen is a chef's delight, equipped with top-of-the-line appliances, while commanding harbor views make meal preparation a delight. Relish panoramic views to the south from the inviting living room, while the bedroom window unveils breathtaking western vistas. The building itself serves as a haven of luxury, offering an array of generous amenities such as 24/7 security, subterranean parking, a newly renovated resort-style pool, guest parking, fitness center, and an entertainment room for hosting grand gatherings. For those with a penchant for maritime adventures, private boat dock access is available (subject to availability). The building recently underwent a comprehensive two-year, multi-million-dollar renovation by the HOA, and boasts updated plumbing and electrical systems, new elevators and hallways, glass pool and balcony enclosures, and a rejuvenated pool/jacuzzi area surrounded by pristine hardscape throughout the grounds. Perfectly positioned across from esteemed dining establishments like The Cannery and Blue Water Grill, and a stone's throw away from The Lido House, Nobu, and select shops, residents are spoiled for choice with an abundance of shopping, dining, and entertainment options at their fingertips. Seize the opportunity to immerse yourself in an unmatched lifestyle in the heart of coastal Orange County.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-60.7mi
9/10
Newport Elementary School
Public,PK-60.8mi
7/10
Horace Ensign Intermediate School
Public,7-80.6mi
7/10
Newport Harbor High School
Public,9-121.0mi
Condition Rating
Excellent

This property, despite being built in 1972, has undergone an extensive and recent renovation, both for the individual unit and the building's common areas and infrastructure. The description explicitly states the interior is 'impeccably updated' with 'newly refinished wood floors,' 'fresh moldings,' and a 'chef's delight' kitchen with 'top-of-the-line appliances.' The stylish powder room with a 'backlit onyx wall' further indicates high-end, recent updates. The building itself completed a 'comprehensive two-year, multi-million-dollar renovation' by the HOA, including updated plumbing, electrical systems, new elevators, and rejuvenated common areas. The images support this, showcasing modern recessed lighting, pristine hardwood floors, and well-maintained, high-quality bathrooms. While the primary bathroom has a more classic aesthetic, it is in excellent condition, and the second bathroom features contemporary mosaic tiling. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Unparalleled Waterfront Location & Views: Nestled just off Lido Isle on the picturesque bayfront of Newport Beach, this third-floor sanctuary offers awe-inspiring vistas encompassing the harbor, ocean, majestic mountains, and twinkling city lights, providing an unparalleled coastal Orange County lifestyle.
Extensive Building Amenities & Recent Renovation: The building boasts 24/7 security, subterranean parking, a newly renovated resort-style pool, guest parking, fitness center, and an entertainment room. A comprehensive two-year, multi-million-dollar HOA renovation updated plumbing, electrical, elevators, hallways, and common areas, ensuring a modern luxury experience.
Luxurious & Updated Interior: The 1850+ sqft residence features newly refinished wood floors, architecturally designed iron handrails, fresh moldings, pristine walls, a stylish powder room with a captivating backlit onyx wall, and a chef's kitchen equipped with top-of-the-line appliances.
Prime Walkability to High-End Lifestyle: Perfectly positioned across from esteemed dining establishments like The Cannery and Blue Water Grill, and a stone's throw away from The Lido House, Nobu, and select shops, residents are spoiled for choice with an abundance of shopping, dining, and entertainment options.
Private Boat Dock Access: For those with a penchant for maritime adventures, private boat dock access is available (subject to availability), adding a significant luxury feature for waterfront living.

Cons

High Monthly Association Fee: The property carries a substantial monthly association fee of $1945.0, which could be a significant ongoing cost for potential buyers, despite the extensive amenities and recent building renovations.
Building Age: Built in 1972, the building is over 50 years old. While it has undergone a multi-million-dollar renovation, some buyers may still perceive the age as a potential concern for long-term maintenance or future assessments.
Lack of Explicit Cooling System Details: The property description does not explicitly mention an in-unit cooling system (e.g., central air conditioning). In a luxury high-rise in Southern California, the absence or lack of clarity on this feature could be a drawback for comfort during warmer months.

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