700 Lido Park Dr 12, Newport Beach, CA 92663

Property Description

The Old Man and the Sea cottage on the bay front. Walk to the oceanfront and a plethora of restaurants and shops. Located in the middle of everything without the crowds as the community is gated. The kitchen and baths have been beautifully remodeled to include granite, stainless appliances and two toned cabinets. There is a gracious dining room, as well as an eat in kitchen. The bayfront living area over looks a sunny deck and has a cozy fireplace. Upstairs the master has an abundance of windows including a view up the Rhine channel to the Cannery and Hoag Hospital from the bed. There is a secondary bedroom with built in desk. To add to this idealic community short term leases are not allowed.
 The leased land affords a great opportunity to live in a very expensive area for significantly less. The lease is $3732.30 monthly with an expiration of 2029. There are then extensions of 5 years at a time with approval of the landowner. Some of the areas in Newport that were on or still have leased land are Bay Shores, Linda Isle, Dover Shores, Beacon Bay, Newport Shores and more. Buyer must be approved by Cannery Village.
 The last four closed sales in Cannery Village included buyers that were current or previous residents.
 Buyer will most likely have to pay cash.