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224 Via Palermo, Newport Beach, CA 92663
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224 Via Palermo Newport Beach, CA 92663

$3,650,000 Sold Price as of 10/30/2020
  • 4 Beds
  • 3.5 Baths
  • 2,500 Sq.Ft.
Sold
$3,650,000 Sold Price as of 10/30/2020 Refinance Your Mortgage
Map preview of 224 Via Palermo, Newport Beach, CA 92663

Property Overview: 224 Via Palermo Newport Beach, CA has 4 bedrooms, 3.5 bathrooms, 2,500 living square feet and 4,400 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A one of a kind, beautifully reimagined farmhouse fused with modern design, located on a rare, extra-wide 50’ parcel on Lido Isle, this home defines luxurious yet casual island living A custom, 2018 complete rebuild, this is one of the finest examples of what taste and vision can achieve in this highly sought after island community. The thoughtfully upgraded, 4 bedroom home abounds in style, form and function, benefiting from a rare commodity on Lido;an abundance of outdoor space. Sited on a charming strada, the private, indoor/outdoor lifestyle is accented by pocket, moving glass walls, light oak hardwood flooring throughout, porcelain counters, quality stonework, furniture grade cabinetry, premium appliances, home integration, designer lighting, fixtures, appointments and treatments. Focused on a great room concept, the expansive family/living area is framed by a private courtyard with opening walls of glass and flanked by a painted brick fireplace, nook/dining area, generous island with seating plus a chefs-delight kitchen with 48” Sub-Zero refrigerator and 48’’ Wolf range, separate wine refrigerator, separate sinks fuse with a galore of storage. The 1st floor also features two generously sized, Jack-&-Jill bedrooms and a darling powder bath. The 2nd level is anchored by two bedroom suites, including a resort-quality, sumptuous master suite with high ceilings, soaking tub, dual vanities and oversized shower. Large garage, AC and ample outdoor storage are welcome comforts.

Listed by Jon Flagg | BRE #01316048 | Villa Real Estate
Last checked: 14 minutes ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 76

Home details

Lot Sq. Ft
4,400
HOA Dues
$100/mo
Year built
2018
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
NP20137662
City
Newport Beach
County
Orange
Time on Site
1395 days

Virtual Tour

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Property Details for 224 Via Palermo

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Downstairs Bedrooms: 4
  • Downstairs Bathrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar
  • Flooring: Wood
  • Great Room, Jack & Jill, Kitchen, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
Kitchen Information
  • Has Appliances
  • 6 Burner Stove, Built-In Range, Dishwasher, Freezer, Disposal, Gas Range, Microwave, Range Hood, Refrigerator
  • Kitchen Island, Kitchen Open to Family Room
Bathroom Information
  • # of Baths (Full): 3
  • # of Baths (1/2): 1
Interior Features
  • Open Floorplan
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Patio, Patio Open
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Direct Garage Access, Garage
  • Has Attached Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Planned Development
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 42323302
  • Year Built Source: See Remarks
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: Lido Isle Homeowners Association
  • Association Fee: $1,200 (Annually)
  • Association Amenities: Barbecue, Picnic Area, Playground, Dock, Pier, Tennis Court(s), Sport Court, Clubhouse, Banquet Facilities, Recreation Room, Management
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • Elementary School: Newport
  • Elementary School: NEWPOR
  • Middle/Junior High School: Ensign
  • Middle/Junior High School: ENSIGN
  • High School: Newport Harbor
  • High School: NEWHAR
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Lido Island (LIDO)
  • Directions: Via Lido to Via Lido Soud, right to Via Palermo, left.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 224 Via Palermo

Last sold for $3,650,000 on October 30th, 2020

  • November, 2020

  • Nov 1, 2020

    Date

    Sold

    CRMLS: NP20137662

    $3,650,000

    Price

  • Oct 19, 2020

    Date

    Pending

    CRMLS: NP20137662

    $3,679,000

    Price

  • Sep 30, 2020

    Date

    Active Under Contract

    CRMLS: NP20137662

    $3,679,000

    Price

  • Jul 13, 2020

    Date

    Active

    CRMLS: NP20137662

    $3,679,000

    Price

  • October, 2020

  • Oct 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,650,000

    Price

  • September, 2017

  • Sep 18, 2017

    Date

    Sold (Public Records)

    Public Records

    $2,500,000

    Price

  • August, 2017

  • Aug 10, 2017

    Date

    Active Under Contract

    CRMLS: NP17167378

    $2,750,000

    Price

  • Jul 21, 2017

    Date

    Active

    CRMLS: NP17167378

    $2,750,000

    Price

  • Listing provided courtesy of CRMLS

    Variable Range Price: $2,499,000 - $2,750,000. Sited on a desirable, generous 50’-wide parcel, this home is a perfect 2400sf canvass for those looking to place their signature on a property and create a nostalgic, dreamy, beach-type cottage or for the owner/developer who sees the potential of constructing a 4000sf masterpiece with all of the amenities desired in this current age. The existing 4 bedroom, 3 bath home with an abundance of outdoor space has plenty of life and an inviting floorplan, including two first-level bedrooms and a family room that opens to a large, sunny, south-facing patio. With some fine-tuning, it is easy to envision the creation of a humble and chic beach abode. Or for those with redevelopment in mind, the lot will accommodate approximately 4600sf, including garage and newly constructed homes have been consistently trading the in the $1200/sf range, on much smaller lots. Located in one of the finest communities along the coast, the home is 2 doors from the bay, an easy jaunt to the newly developed and exciting Lido Marina Village, fine shopping and dining. Located right in the heart of this famed island, the community clubhouse, beach, parks and tennis courts beckon and are steps away, ready for your enjoyment. Come and smell the salt air, hear the healthy sound of sailboats and enjoy an easy-going lifestyle of casual recreation and fine people. Potential Probate Sale.

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Tax History for 224 Via Palermo

Assessed Value (2020): $2,609,371
Year Land Value Improved Value Assessed Value
2020 $2,448,180 $161,191 $2,609,371

Home Value Compared to the Market

This property vs the competition

224 Via Palermo sold on October 30, 2020 for 0.57% lower than the current median sold price for the city of Newport Beach which is $3,700,000. The median sold price per/sqft for Newport Beach is $1,360 and this home is sold at $1471.6 per/sqft which puts the price per square foot 8.21% higher than the current median sale per square foot for the city of Newport Beach.

About 224 Via Palermo

Detailed summary of property

224 Via Palermo is a single family home that recently sold in Newport Beach, CA 92663. This house offered 4 bedrooms, 3.5 bathrooms, roughly 2,500 living square feet, and sits on an approximately 4,400 square foot lot. 224 Via Palermo was first listed on ArdentRealEstateGroup.com on July 13, 2020. The homeowner sold the property for $3,650,000. Home in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 0.57% lower than the current median priced home. Local homes that are currently for sale include 2822 Newport Blvd, 514 Westminster Ave and 211 Emerald Ave. This home does have a Homeowners Association and the monthly fee is $100 per month. While the average home in Newport Beach, CA is selling in 73 days, 224 Via Palermo has a days on market of 76 days. There are currently 275 homes for sale in the Newport Beach real estate market and 208 of them are single family homes while 54 of them are condos and 13 are townhomes. For more information on this home for sale at 224 Via Palermo Newport Beach, CA 92663 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 224 Via Palermo

Public county record property details
Beds
4
Baths
3
Year built
1954
Sq. Ft.
2,414
Lot Size
4,400
Stories
2
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
115
APN
423-233-02

The source for these homes facts are from public records.

92663 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,395,000
Median List Price/Sq.Ft.
$1,557
Median Sold Price
$3,700,000
Median Sold Price/Sq.Ft.
$1,494
Total Inventory
88
Median Sale to List Price %
105.87%
Avg Days on Market
21
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (47.06%), Other (35.29%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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