Tagged : lido peninsula newport beach

One of our most common requested properties are the homes located in the Lido Peninsula community.  For those not familiar with Newport Beach you can easily understand the attraction, living in Newport Beach by the water for often times under $400,000.  So what's the catch?  First, these home are manufactured homes and not a traditional single family residence.  The homes are also located on lease land which many don't understand including local real estate agents.  The most common question we get is wanting to get more information on the lease land.  This is our understanding of how this is set up but we always encourage you to consult with the management company for exact details on the lease.

On December 31, 2023 the lease will come due on the homes

Let's face it, buying a home in Newport Beach, Ca is expensive.  Today's home buyers are looking for the very best deals and want the best location for the best price when looking for a home.  The Lido area of Newport Beach is well known for it's upscale bayfront homes and condos and is a popular destination for tourists and locals alike.  One the most affordable ways to live in this bayfront community is the Lido Peninsula community.  Lido Peninsula is a collection of Cape Cod manufactured homes that occupy the upscale Lido Island with homes listed for sale in Newport Beach under $400,000.  Keep in mind that there is a monthly lease on land for these waterfront community homes.  For example, a newly listed Lido Peninsula home has come on the market that