Arrigo Presson Group Sells Iconic Property for $2 Million Above Asking Price

Posted by Natalie McCartney — August 7, 2018

Surterre Properties® logoNEWPORT BEACH, CA - The Arrigo Presson Group and McKown | Weinstein | Associates sell an iconic Bayfront property formerly owned by a prominent Orange County Philanthropist for $12.5 million. The Arrigo Presson Group represented the seller - the esteemed Hoag Hospital Charitable Foundation - in this all-cash transaction and MWA represented the buyer. 944 Via Lido Nord This transaction was an office double-ender that was in escrow within two weeks of being listed, receiving multiple offers, one of which was made by a buyer the Arrigo Presson Group was also representing.

A once in a lifetime property, 944 Via Lido Nord is nestled on the tip of Lido Isle where Nord meets Soud. This setting provides a front and center seat for sweeping views of the Newport Harbor turning basin and was available for sale for the first time in 50 years.

The sale of 944 Via Lido Nord ranks in the top sales ever on Lido Isle and is the highest sale on Lido for 2018. For the seller to receive the offer that provided the best terms and price, each proposal, regardless of agency representation was given complete consideration no matter the details.

Because of the immense interest in the property, 944 Via Lido Nord The Arrigo Presson Group exposed the property on MLS for a designated period and let all interested parties know that the Foundation would review all offers on a specific date. This strategy maximized the seller’s chance to receive the highest price and give all buyers an equal opportunity. The Arrigo Presson Group is consistently chosen to represent charitable foundations and entrusted by wealth managers to provide real estate services to their clients. They offer relocation services to local corporations and have sold over 500 homes, received numerous awards, including the Chairman's Circle Award and was nominated for the Orange County business journal as Business Woman of the Year.

The Arrigo Presson Group and McKown | Weinstein | Associates is part of Surterre Properties®, a top luxury residential real estate brokerage known for its teamwork and integrity. For more information, please visit our website www.CoastalHomeRe.com.

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