The Park Lido community is ideally located just blocks to the beach in Newport Beach, California. This is a large community of 98 residences which are attached and classified as single family homes. This is a really unique neighborhood that is blocked off from street views and offers a very private and serene park like setting. The association provides four community pools and beautiful grounds which span over a couple acres of land. When these were first built in 1962 home buyers were given the option of either two or three bedroom floor plans to choose from. Each of of two and three bedroom units have various square footage sizes with the largest model at 1460 square feet.
Real Estate prices have always consistently been selling above the mid $300,000 range for the past five years and have bumped up into the high $500,000 range in the last two years. Current listings go as high as $735,000 which is the highest sale reported at $595,000 for the past year. Many love living here due to the close proximity to the beach with units offering attached garages and private patios. Association dues currently run $255.00 a month which includes the pool, earthquake insurance and community grounds. Homes in this area commonly don't have air-conditioning since it's really not needed for most of the year. Commuting to work is very easy as the 55 freeway is very close which connects to the 405, 73 and 55 freeways. Hoag hospital is also just a couple blocks away making this an ideal place to invest in Newport Beach. For those interested in learning more about the Park Lido community should contact any of our Newport Beach Real Estate agents at 949-444-1901 for immediate assistance.