A studio condominium at Lido Beach Towers, recognizable for its pink hue and cupolas rising above the oceanfront, is on the market for $409,000.
At 437 square feet, the one-bathroom, second-floor unit is small, but has access to amenities in the gated complex on Richmond Road, including parklike grounds with a fountain, a picnic area with new grills and tables, tennis courts, a do-it-yourself car wash area, garden where residents can plant flowers, bocce area, outdoor pool and private beach access. The lower level of the building has a gym, lounge and game room.
Annual property taxes are $3,077 and common monthly charges are $661. The current owner pays about $600 a year in flood insurance, which is required, according to the listing agent, Suzanne Greenblatt of Keller Williams Realty Elite.
“It’s luxury condo living; there’s not many for sale,” Greenblatt said. “It’s a bright and airy studio condo in a luxury building with amenities galore.”
The Moorish-style building was originally the 300-room Lido Club Hotel, completed in 1929 and converted to condos in 1980. In its heyday, it was known for its circular nightclub where Sammy Davis Jr., Barbra Streisand and Connie Francis once performed.
The unit has sliding doors leading to a terrace facing southwest with views of the grounds. It has electric baseboard heating and a window air conditioning unit.
The building, which is in the Long Beach City School District, is about a 15-minute walk to the boardwalk and a short drive to shopping, restaurants and the train station in Long Beach.