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

home-pic
ACTIVE$749,900
700 Lido Park Dr 5, Newport Beach, California 92663
3Beds
2Baths
1,200Sqft
Lot
Year Built
2003
Close
-
List price
$750K
Original List price
$875K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250029205SD
Home ConditionGood
Features
Good View: Peek-A-Boo, Water
Deck
ViewPeek-A-Boo, Water

About this home

Outstanding Value! Welcome to Coastal Living in sought-after Cannery Village, a charming, gated community within Newport Beaches’ yacht lovers Balboa Peninsula! It even has Community Dock! Cannery Village Homes are on a Land Lease. Inquire 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.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-60.5mi
9/10
Newport Elementary School
Public,PK-60.6mi
7/10
Horace Ensign Intermediate School
Public,7-80.7mi
7/10
Newport Harbor High School
Public,9-121.0mi

Price History

Date
Event
Price
08/03/25
$749,900
06/01/25
$874,900
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (80 Listings)
Beds34
36%
Baths24
22%
Square foot1,2002,622
10%
Lot Size03,657
Price$750K$4.8M
1%
Price per square foot$625$1,838
1%
Built year20031962
73%
HOA
Days on market157188
40%
Condition Rating
Good

The property was built in 2003 and has been tastefully upgraded. The kitchen features granite countertops and stainless-steel appliances. The bathrooms have been upgraded with decorator tile and marble vanities. The flooring is wood and tile. Overall, the property is well-maintained and move-in ready, but not a full recent renovation.
Pros & Cons

Pros

Prime Location: Located in the highly desirable Cannery Village within Newport Beach's Balboa Peninsula, offering coastal living and proximity to yachting amenities.
Upgraded Interiors: Tastefully upgraded with modern luxuries, including wood flooring, designer paint, granite countertops, upgraded cabinets, and stainless-steel appliances.
Flexible Living Space: The upstairs area is creatively set up as a second living space with a living room, kitchenette, full bath, bedroom, and balcony, offering versatility.
Outdoor Amenities: Features a spacious front porch, outdoor balcony with harbor views, and access to community BBQ, spa, and dock.
Additional Storage: Includes a custom-built, fully finished enclosed bonus storage room, currently used as a mini-office, providing extra space.

Cons

Land Lease: The property is on a land lease, which may affect financing options and long-term investment value. The monthly land lease amount is $3,150.
Limited View: The property only offers a 'Peek-A-Boo, Water' view, which may not be as desirable as a full, unobstructed view.
Single Car Garage: Only has a single-car garage, which may be insufficient for households with multiple vehicles or storage needs.

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