An Exceptional and Rare Opportunity on one of Lido Isle's largest lots; 66'x88'! This beautiful and unique parcel is situated on a corner between the lush landscaped walkways of Strada Palermo and Strada Centro. The opportunity to build your personal Dream Home on Lido is no less than fabulous! HOA Approved Brion Jeannette Architectural plans are complete and stamped. Existing home is 4906 sq.ft. The plans/calcs to build are: 1st Floor 2134 sq.ft, 2nd Floor 2009 sq.ft = 4143 sq.ft. Garage 690 sq.ft Total Structure 4833. Covered/Other areas 618 ft. totaling 5451 sq. ft. Decks are 464 sq. ft.!!
The design is gorgeous. This unique opportunity on Lido offers 24-hour security patrol, a clubhouse, beaches, tennis courts, private parks, playgrounds and is conveniently located close to world-class restaurants and hotels, shopping, the Bay with Docks, Pacific Ocean, surfing, and bike/walking trails.
A remarkable opportunity awaits!
Sold for $5,625,000
Listed by: Douglas Elliman of California • Pamela VanHeuver • Contact: 949-354-0450
Bought with: Pacific Sotheby's Int'l Realty
Tax assessed value
$5,625,000
202 Via Palermo, Newport Beach, CA 92663
6beds
4,906sqft
Single Family Residence
Built in 1947
5,280 Square Feet Lot
$7,102,900 Zestimate®
$1,147/sqft
$7,447 Estimated rent
Home value
$7,102,900
$6.18M - $8.31M
$7,447/mo
Zestimate® history
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$38,059/mo
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Zillow last checked:
Listing updated:
Listed by:
Pamela VanHeuver DRE #00700230 949-887-5722,
Douglas Elliman of California
Bought with:
Jon Flagg, DRE #01316048
Pacific Sotheby's Int'l Realty
Source: CRMLS,MLS#: OC24151032
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 1
Rooms
- Room types: Bedroom, Den, Family Room, Kitchen, Laundry, Living Room, Primary Bathroom
Bedroom
- Features: All Bedrooms Up
Bathroom
- Features: Bathtub, Separate Shower, Tub Shower
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Double Oven, Dishwasher, Electric Cooktop, Refrigerator, Water Heater
- Laundry: Laundry Room
Features
- Balcony, Block Walls, Multiple Staircases, All Bedrooms Up
- Flooring: Carpet, Tile, Wood
- Has fireplace: Yes
- Fireplace features: Gas, Living Room, Primary Bedroom
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 4,906 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Deck, Patio
- Pool features: None
- Spa features: None
- Fencing: Block,Good Condition,Masonry
- Has view: Yes
- View description: Courtyard
Lot
- Size: 5,280 Square Feet
- Features: Tear Down
Details
- Parcel number: 42323308
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Drywall
Condition
- Fixer
- New construction: No
- Year built: 1947
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Park, Street Lights, Sidewalks
- Security: 24 Hour Security
- Subdivision: Lido Island (Lido)
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Dock, Meeting Room, Meeting/Banquet/Party Room, Outdoor Cooking Area, Picnic Area, Playground, Security, Tennis Court(s)
- HOA fee: $2,400 annually
- HOA name: Lido Isle Community Association
- HOA phone: 949-673-6170
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,147/sqft
- Tax assessed value: $5,625,000
- Annual tax amount: $59,340
- Date on market: 7/23/2024
- Cumulative days on market: 39 days
- Listing terms: Cash,Cash to New Loan,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2024 | Sold | $5,625,000-9.3%$1,147/sqft |
Source:  CRMLS #OC24151032 Report a problem | ||
| 9/10/2024 | Pending sale | $6,200,000$1,264/sqft |
Source:  Douglas Elliman #OC24151032 Report a problem | ||
| 9/10/2024 | Contingent | $6,200,000$1,264/sqft |
Source: CRMLS #OC24151032 Report a problem | ||
| 7/23/2024 | Listed for sale | $6,200,000+1.6%$1,264/sqft |
Source: CRMLS #OC24151032 Report a problem | ||
| 1/18/2023 | Sold | $6,100,000-12.9%$1,243/sqft |
Source: Public Record Report a problem | ||
| 12/13/2022 | Pending sale | $6,999,999$1,427/sqft |
Source: Owner Report a problem | ||
| 10/6/2022 | Listed for sale | $6,999,999$1,427/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $59,340 -9.9% | $5,625,000 -9.6% |
| 2024 | $65,860 -47.5% | $6,222,000 +10.9% |
| 2023 | $125,387 +3350.4% | $5,610,000 +1667.2% |
| 2022 | $3,634 +1.9% | $317,448 +2% |
| 2021 | $3,565 +1% | $311,224 +1% |
| 2020 | $3,530 | $308,033 +2% |
| 2019 | $3,530 +2% | $301,994 +2% |
| 2018 | $3,462 +3.8% | $296,073 +2% |
| 2017 | $3,334 | $290,268 +2% |
| 2016 | $3,334 +2.2% | $284,577 +1.5% |
| 2015 | $3,261 +3.5% | $280,303 +2% |
| 2014 | $3,150 | $274,813 +0.5% |
| 2013 | -- | $273,571 +2% |
| 2012 | -- | $268,207 +2% |
| 2011 | -- | $262,949 +0.8% |
| 2010 | -- | $260,984 -0.2% |
| 2009 | -- | $261,605 +2% |
| 2008 | -- | $256,476 +2% |
| 2007 | -- | $251,448 +2% |
| 2006 | -- | $246,518 +2% |
| 2005 | -- | $241,685 +2% |
| 2004 | -- | $236,947 +1.9% |
| 2003 | -- | $232,605 +2% |
| 2002 | -- | $228,045 +2% |
| 2001 | $2,291 +2.6% | $223,574 +2% |
| 2000 | $2,232 | $219,191 |
Find assessor info on the county website
Neighborhood: 92663
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 0.4 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 0.5 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$7,102,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$7,102,900
- California
- Orange County
- Newport Beach
- 92663
- 202 Via Palermo
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