316 Orchid Ave, Corona Del Mar, CA 92625 - View 1
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316 Orchid Ave, Corona Del Mar, CA 92625

List Price: $5,495,000On Market FlagOn market
Dec 26, 2024965 sqft2 beds1 baths
Listed by: Zachary Balaban
License #: 02118506
Phone #: 949-270-0440
Douglas Elliman of California
Source:
CRMLS Logo
MLS #: OC24253293

Property Description

Welcome to a rare opportunity to own and develop on an oversized lot located on the ocean side of Pacific Coast Hwy in the coveted 300 block of Corona del Mar’s Flower Streets. Spanning 45 feet in width and 118 feet in depth, this 5,310-square-foot property invites you to create your dream home in one of Southern California's most desirable neighborhoods. Just steps from the ocean, this exceptional location offers the perfect blend of coastal serenity and upscale living, with breathtaking ocean views, top-rated schools, premier golf courses, luxury shopping, renowned dining, and the prestigious Fashion Island all within reach. Design a sanctuary that reflects your style and enjoy a lifetime of cherished memories in this coastal haven.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$77,646

TurboHome Estimated Value

$5,335,700

$5,529 sqft

High Valuation
$5,602,485
$5806/sqft
Normal Valuation
$5,335,700
$5529/sqft
Low Valuation
$5,068,915
$5253/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$5529/sqft$5,335,700

Neighborhood: Corona del Mar South of PCH (CDMS)

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Comparative Value

$3.22M

$3.41M

$5.50M

$6.20M

615 Acacia Ave, Corona Del Mar, CA 92625

Sale Price: $3,216,000

Selected Comparable

517 Poinsettia Ave, Corona Del Mar, CA 92625

Sale Price: $3,410,000

Selected Comparable

1569 E Ocean Blvd, Newport Beach, CA 92661

Sale Price: $3,495,000

Selected Comparable

2004 E Ocean Blvd, Newport Beach, CA 92661

Sale Price: $3,500,000

Selected Comparable

316 Orchid Ave, Corona Del Mar, CA 92625

List Price: $5,495,000

Subject Property

212 Larkspur Ave, Corona Del Mar, CA 92625

Sale Price: $6,200,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
316 Orchid Ave, Corona Del Mar, CA 92625

316 Orchid Ave, Corona Del Mar, CA 92625

List: $5,495,000

Listed: 12/26/2024

Area:965 sqft
Price/sqft:$5,694
Beds:2
Baths:1
Year Built:
Lot Size:5,310

Comparable Properties

COMPARABLE
Choose comps
517 Poinsettia Ave, Corona Del Mar, CA 92625

517 Poinsettia Ave, Corona Del Mar, CA 92625

Sale: $3,410,000

1/13/20250.22 mi

Area:1,100 sqft
Price/sqft:$3,100
Beds:2
Baths:1
Year Built:
Weight:25.5%
1569 E Ocean Blvd, Newport Beach, CA 92661

1569 E Ocean Blvd, Newport Beach, CA 92661

Sale: $3,495,000

1/17/20251.20 mi

Area:1,000 sqft
Price/sqft:$3,495
Beds:2
Baths:2
Year Built:
Weight:22.1%
212 Larkspur Ave, Corona Del Mar, CA 92625

212 Larkspur Ave, Corona Del Mar, CA 92625

Sale: $6,200,000

2/5/20250.26 mi

Area:1,177 sqft
Price/sqft:$5,268
Beds:2
Baths:2
Year Built:
Weight:20.5%
615 Acacia Ave, Corona Del Mar, CA 92625

615 Acacia Ave, Corona Del Mar, CA 92625

Sale: $3,216,000

5/10/20250.83 mi

Area:898 sqft
Price/sqft:$3,581
Beds:1
Baths:2
Year Built:
Weight:18.2%
2004 E Ocean Blvd, Newport Beach, CA 92661

2004 E Ocean Blvd, Newport Beach, CA 92661

Sale: $3,500,000

11/27/20241.01 mi

Area:1,176 sqft
Price/sqft:$2,976
Beds:3
Baths:2
Year Built:
Weight:13.7%

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