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

$615,000 · 1 bed · 2 bath · 800 sq ft · built 1926 · MLS# 1070529 · Active

Value drenched Meticulous lux updated One Bedroom ensuite with walk in custom California Closet solutions, Powder room. Light drenched Open Concept Living/Dining Room with Unobstructed Balcony and Renovated Galley Kitchen with Contemporary Wood Cabinents, Bosche suite appliances, undercounter Perlick Fridg with pass thru to Dining Area making entertaining seemless. Once the ultra-exclusive Lido Club Hotel of 1928, or fondly referred to as The Pink Lady this architectural masterpiece set on pristine 13.5 oceanfront acreage has evolved from a roaring twenties playground for Hollywood elites into the iconic Lido Beach Towers;…

Condos in the Long Beach City School District sold for a median of $795,000 (typically $580,000–$1,100,000) across 106 recorded sales between Nov 6, 2025 and Nov 3, 2026, down 14.1% on the 12 months before. This home's $615,000 list price sits in the mid-market condo tier for the Long Beach City School District.

ZIP 11561 has about 4.9 months of condo inventory — balanced market. Supply and demand are roughly even, so buyers and sellers share leverage with fair, predictable pricing.

At about $4,397 a year, this home's property tax runs roughly 60% 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