2 Richmond Road #5E, Lido Beach, NY 11561

2 Richmond Road #5E, Lido Beach, NY 11561

$459,000 · 1 bath · 460 sq ft · built 1948 · MLS# 1034422 · Active

Newly Updated Studio Apartment In Prestigious Lido Towers, Resort-Style Living, Social Environment, Living Room/Dining Area/Bedroom, Kitchen, Extra Generous Closet Space, 17 Ft. Terrace with North East Unobstructed Ocean and Bay Views, 1 Assigned Parking Spot, Plenty of Guest Parking, Additional Parking Available, Laundry on Each Floor, Building Offers a Resort Way of Life, 24 Hour Gated Security, Concierge, Large Outdoor Heated Swimming Pool, Beautiful Lounges, 2 Shower Areas, Shaded Dining and Lounge Areas, Recreation Room, Pool Table, Ping Pong Table, Party Room, Library and Bathrooms, Tennis Courts, 2 Pickle Ball…

Condos in the Long Beach City School District sold for a median of $820,000 (typically $565,000–$1,075,000) across 103 recorded sales between Oct 14, 2025 and Oct 1, 2026, down 11.4% on the 12 months before. This home's $459,000 list price sits in the entry condo tier for the Long Beach City School District.

ZIP 11561 has about 5.4 months of condo inventory — balanced market. Supply and demand are roughly even, so buyers and sellers share leverage with fair, predictable pricing.

At about $6,549 a year, this home's property tax runs roughly 40% below the $11,000 typical for Long Beach City School District. Nassau assessments run on a multi-year cycle, so the assessed value behind this bill can lag what the home actually sells for today. A sale does not automatically reset it, and exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax

Listings courtesy of OneKey® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 11, 2026 2:30 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Lido Beach Market Trend

Over the past 2 years, Lido Beach's market has held broadly steady — the median sale price has hovered around $833K, ranging from $650K to $1.08M month to month, with no sustained directional trend. Homes here have lately been going under contract in roughly 77 days. It's also worth noting that the roughly $825K blended median combines very different property types, so it may not describe any single one: of 805 recent sales, single-family made up the largest share at about 36% with the highest median near $933K, condos about 33% near $875K, co-ops about 22% near $455K, multi-family (2-4 family) about 9% near $910K. Because co-ops, though not the most common, is priced far enough from the rest to pull the blend down, the blended figure tends to sit below the single-family median rather than above it — so a typical single-family house has tended to sell closer to $933K, roughly $108K over the headline number. These are past medians, not predictions or guarantees, and individual properties vary widely; anyone weighing a specific property should review current comparable sales for that property type.

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Looking for off-market opportunities or a property attorney's read on this listing? Contact Joseph DeVito — Lic. R.E. Associate Broker + NY-licensed real estate attorney.