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Christa Simonsen

christa.simonsen@exprealty.com +1(760) 644-1434

$ 4,795,000

Est. payment | -/mo

4 Beds

3 Baths

2,225 SqFt

Save

$ 4,795,000

Est. payment | -/mo

Save

4 Beds

3 Baths

2,225 SqFt

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 2,225 sqft

Price per Sqft $2,155

Subdivision Corona Del Mar South Of Pch (Cdm

MLS Listing ID NP26054437

Bedrooms 4

Full Baths 3

Year Built 1950

Lot Size 3,485 Sqft

Property Sub-Type All Other Attached

Property Description

Positioned in the coveted 300 block of the Corona del Mar Flower Streets, south of Pacific Coast Highway, 306 Marguerite Avenue presents a rare permit-ready development opportunity in one of the most desirable locations in The Village. The existing 1950 triplex is being offered with fully approved plans, allowing the next owner to break ground immediately while bypassing the lengthy approval process with the City of Newport Beach and the Coastal Commission. Designed by Teale Architects, the approved plans envision a thoughtfully designed new construction condominium development that maximizes both livability and outdoor space. The proposed front residence (Unit A) offers approximately 2,130 square feet with 3 bedrooms and 3.5 baths, complemented by a private 1-bedroom / 1-bath ADU with kitchenette of approximately 304 square feet, for a combined total of approximately 2,434 square feet. The proposed rear residence (Unit B) is designed as a spacious 1,423 square foot 2-bedroom, 2.5 bath condominium. Both homes feature generous outdoor living areas including expansive patios and rooftop decks, creating seamless indoor-outdoor living environments that embrace the coastal lifestyle. An additional advantage of this particular location is its zoning, which allows for a greater overall height limit than typically permitted within much of the Corona del Mar Village. This allowance provides the opportunity for enhanced ceiling heights throughout the residence, including notably higher ceilings on the third level, a feature that is uncommon among many Flower Street properties and con

Location

State CA

County Orange

Direction PCH to Marguerite South

Interior

Fireplace No

Exterior

Garage Spaces 2.0

View Y/N Yes

Water Access Desc Public

Total Parking Spaces 2

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 05210317

Acceptable Financing Cash To New Loan

Listing Terms Cash To New Loan

Special Listing Condition Standard

Listed by Steven Sergi, DRE#01417942 VALIA Properties

Nearby Locations

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Christa Simonsen

REALTOR® | Lic# DRE# 01953213

christa.simonsen@exprealty.com

+1(760) 644-1434

2603 Camino Ramon Ste 200 San Ramon CA, 94583

306 Marguerite Corona Del Mar, CA 92625

Christa Simonsen

Key Details

Location

Interior

Exterior

Building

Others

306 Marguerite