A Newport Beach waterfront mansion on Lido Isle has recently been sold for a record-breaking price of $24 million, surpassing the previous record by $5 million. The Mediterranean-style home boasts stunning harbor views and is situated on a 0.25-acre lot. The property includes a large yacht dock, providing convenient access to the beautiful Newport Beach waters. Spanning across 9,500 square feet, this spacious single-family residence offers luxurious living spaces.

Summary of transaction details

• Property Type: Single-family residence (SFR)
• Transaction Amount: $24,000,000
• Address: 103 Via Lido Soud, Newport Beach
• Market: Newport Beach
• Acreage: 0.25

This remarkable sale was facilitated by the esteemed brokers, Sean Stanfield and Ryan Tarr of Pacific Sotheby’s International Realty. Their expertise in the Newport Beach real estate market ensured the successful completion of this notable transaction.

It is worth noting that this sale sets a new standard for property values on Lido Isle. With some homes now valued at over $60 million, the rising property values in the area confirm its allure and desirability among investors seeking an exclusive waterfront lifestyle.