700 Lido Park Drive 31, Newport Beach Property Info For: MLS® #NP19022257

This is the deal your client has been waiting for. Great opportunity to own a turn key little beach house, in a gated community literally in the middle of everything. Three houses to the bay and a short distance to the oceanfront, restaurants and stores. Beautifully redone in 2016 to include new floors, bathrooms, kitchen, interior and exterior doors and baseboards. Three of the last four sales, in Cannery Village, were made to prior owners or tenants. This owner bought another. This is priced at the comps which were original homes. The remodel is free! Leased land in Newport has historically been a way to afford to live on very expensive land. Areas in Newport that have or have had leased land are Bayshores, Newport Shores, Linda Isle, Dover Shores, Kings Road and more. The low monthly is $2347with an expiration of 2036. Upon expiration, with a good record and management approval, the lease can be extended in 5 year increments. Buyer must be approved by Cannery Village. To add to this idealic community no short term rentals are allowed. The buyer will, most likely, have to pay cash. And you though that your client couldn’t afford to be, at the beach, in Newport!

700 Lido Park Drive 31, Newport Beach Property Info For: MLS® #NP19022257 Close
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700 Lido Park Drive 31, Newport Beach

This is the deal your client has been waiting for. Great opportunity to own a turn key little beach house, in a gated community literally in the middle of everything. Three houses to the bay and a short distance to the oceanfront, restaurants and stores. Beautifully redone in 2016 to include new floors, bathrooms, kitchen, interior and exterior doors and baseboards. Three of the last four sales, in Cannery Village, were made to prior owners or tenants. This owner bought another. This is priced at the comps which were original homes. The remodel is free! Leased land in Newport has historically been a way to afford to live on very expensive land. Areas in Newport that have or have had leased land are Bayshores, Newport Shores, Linda Isle, Dover Shores, Kings Road and more. The low monthly is $2347with an expiration of 2036. Upon expiration, with a good record and management approval, the lease can be extended in 5 year increments. Buyer must be approved by Cannery Village. To add to this idealic community no short term rentals are allowed. The buyer will, most likely, have to pay cash. And you though that your client couldn’t afford to be, at the beach, in Newport!

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Price Change History for 700 Lido Park Drive 31, Newport Beach, CA (MLS® #NP19022257)

Date Details Price Change
Active
Active Under Contract
Pending (from Active)
Price Reduced (from $349,000) $325,000 $24,000 (6.88%)
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