700 Lido Park 5, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$699,995
700 Lido Park 5, Newport Beach, California 92663
3Beds
2Baths
1,200Sqft
Lot
Year Built
2003
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250039633SD
Home ConditionExcellent
Features
Good View:
Deck
View-

About this home

Outstanding Value on Newport's Lido Peninsula on the Bay! Welcome to Coastal Living in sought-after Cannery Village, a charming, gated water front community within Newport Beaches’ yacht lovers Balboa Peninsula! It even has Community Dock! Low Land Monthly Land Lease! Ask for Details!* This tastefully upgraded 1,200 square foot 3-bedroom 2-bath home is filled w/modern luxuries! As you walk a spacious front porch welcomes you. Upon entry, a great room invites you with wood flooring, designer paint, an open galley style kitchen with granite counter tops, upgraded cabinets, stainless-steel appliances, & tile flooring. The downstairs also features a spacious bedroom and upgraded bathroom with a decorator tile shower, upgraded marble vanity & designer tile floors. Step outside the downstairs bedroom to a separate custom built fully finished enclosed bonus storage room currently set up as a mini-office. There is also a single-car garage with finished epoxy flooring. Upstairs you will find two more spacious bedrooms with wood-style flooring and a second bathroom with designer tile in tub/shower area & upgraded vanity. One of the upstairs bedrooms is currently set up as a mini living room and kitchenette, directly off this room is a spacious outdoor balcony ideal for relaxing and entertaining. This creative set up allows for the entire upstairs space to be used as a second living space w/ its own living room, kitchenette, full bath, spacious bedroom, and a large outdoor balcony w/ views of Yachts on the Harbor. Enjoy the relaxing BBQ, Spa & Community Dock! *Other Fees reflect $3,150 current Monthly Land Lease Amount. Ask for details.

Price History

Date
Event
Price
09/22/25
Listing
$699,995
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds36
12%
Baths24
12%
Square foot1,2002,461
8%
Lot Size02,614
Price$700K$3.15M
4%
Price per square foot$583$1,397
4%
Built year20031965
92%
HOA
Days on market44168
8%
Condition Rating
Excellent

Built in 2003, this property has undergone extensive and tasteful modern upgrades, bringing it to an excellent condition. The kitchen features contemporary flat-panel white cabinetry, modern white countertops (quartz-like, not granite as stated but visually superior), stainless steel appliances, and stylish subway tile backsplash, all appearing virtually new. The flooring throughout is a consistent light wood-look, and bathrooms are described as upgraded with designer tiles and vanities. The overall aesthetic is fresh, modern, and shows no signs of deferred maintenance, aligning with the 'extensively renovated within 5 years' aspect of an excellent rating.
Pros & Cons

Pros

Prime Waterfront Location: Located in the highly desirable, gated Cannery Village on Newport's Lido Peninsula, offering an exclusive coastal lifestyle with direct bay access.
Extensively Upgraded Interiors: Features modern luxuries including wood flooring, designer paint, an open galley kitchen with granite countertops, stainless steel appliances, and upgraded bathrooms.
Versatile Floor Plan: The upstairs is creatively set up as a potential second living space with a kitchenette, full bath, bedroom, and a large outdoor balcony, offering flexibility for residents or guests.
Exceptional Community Amenities: Residents benefit from a community dock, BBQ area, and spa, enhancing the waterfront living experience and catering to yacht enthusiasts.
Additional Practical Features: Includes a spacious front porch, a custom-built enclosed bonus room (ideal for a mini-office), and a single-car garage with epoxy flooring.

Cons

Substantial Monthly Land Lease: The property is subject to a significant monthly land lease of $3,150, which adds a considerable recurring cost to ownership beyond typical HOA fees.
Land Lease Ownership Structure: The land lease arrangement means the buyer does not own the land, potentially affecting long-term equity growth, financing options, and resale value compared to traditional fee simple ownership.
Compact Interior Footprint: With 1,200 square feet for a 3-bedroom, 2-bathroom duplex, the interior living space is relatively compact, which may not suit all buyer preferences for size.

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