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202 Via Palermo, Newport Beach, CA 92663

Sale Price: $5,625,000
Jul 23, 20244,906 sqft6 beds5 baths
Listed by: Pamela VanHeuver
License #: 00700230
Phone #: 949-354-0450
Douglas Elliman of California
Source:
CRMLS Logo
MLS #: OC24151032

Property Description

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!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$127,065

TurboHome Estimated Value

$7,335,500

$1,495 sqft

High Valuation
$7,702,275
$1570/sqft
Normal Valuation
$7,335,500
$1495/sqft
Low Valuation
$6,968,725
$1420/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1495/sqft$7,335,500

Neighborhood: Lido Island (LIDO)

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Comparative Value

$5.63M

$6.20M

$6.79M

$7.00M

$7.15M

$7.25M

202 Via Palermo, Newport Beach, CA 92663

Sale Price: $5,625,000

Selected Comparable

202 Via Palermo, Newport Beach, CA 92663

List Price: $6,200,000

Subject Property

519 Signal Rd, Newport Beach, CA 92663

Sale Price: $6,795,000

Selected Comparable

703 Saint James Pl, Newport Beach, CA 92663

Sale Price: $7,000,000

Selected Comparable

2401 Margaret Dr, Newport Beach, CA 92663

Sale Price: $7,150,000

Selected Comparable

208 Via Palermo, Newport Beach, CA 92663

Sale Price: $7,250,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
202 Via Palermo, Newport Beach, CA 92663

202 Via Palermo, Newport Beach, CA 92663

List: $6,200,000

Listed: 7/23/2024

Area:4,906 sqft
Price/sqft:$1,264
Beds:6
Baths:5
Year Built:
Lot Size:5,280

Comparable Properties

COMPARABLE
Choose comps
202 Via Palermo, Newport Beach, CA 92663

202 Via Palermo, Newport Beach, CA 92663

Sale: $5,625,000

10/8/20240.00 mi

Area:4,906 sqft
Price/sqft:$1,147
Beds:6
Baths:5
Year Built:
Weight:24.2%
519 Signal Rd, Newport Beach, CA 92663

519 Signal Rd, Newport Beach, CA 92663

Sale: $6,795,000

7/18/20250.65 mi

Area:3,858 sqft
Price/sqft:$1,761
Beds:6
Baths:5
Year Built:
Weight:21.5%
208 Via Palermo, Newport Beach, CA 92663

208 Via Palermo, Newport Beach, CA 92663

Sale: $7,250,000

6/9/20250.01 mi

Area:4,669 sqft
Price/sqft:$1,553
Beds:5
Baths:6
Year Built:
Weight:18.5%
2401 Margaret Dr, Newport Beach, CA 92663

2401 Margaret Dr, Newport Beach, CA 92663

Sale: $7,150,000

5/29/20250.91 mi

Area:4,433 sqft
Price/sqft:$1,613
Beds:5
Baths:5
Year Built:
Weight:18.2%
703 Saint James Pl, Newport Beach, CA 92663

703 Saint James Pl, Newport Beach, CA 92663

Sale: $7,000,000

8/20/20240.73 mi

Area:4,400 sqft
Price/sqft:$1,591
Beds:6
Baths:6
Year Built:
Weight:17.6%

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