705 Orchid Ave | Image 1
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$3,295,000

For Sale

2 years ago

705 Orchid Ave, Corona Del Mar, CA

House

MLS® OC24196512

5 Bed

5 Bath

2967 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential
Size 2967 sqft
Garage Yes
Taxes 
Days Active 600
Lot Size 
Approx. Age 1969
Avg. Price Per Sqft $1,110
MLS® Number OC24196512

Property Address: 705 Orchid Ave, Corona del Mar, CA, 92625-2428

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to the gorgeous seaside community of Corona Del Mar! World class shopping, entertainment & dining, coupled with beautiful weather all year makes this coastal paradise extremely attractive to discerning homebuyers, capable developers, and savvy investors! Just a few short blocks to downtown CDM & to the beach, this beautiful duplex offers two spacious units: A 3 bedroom 3 bathroom in the picture-perfect front cottage, and 2 bedrooms & 2 bathrooms in the rear unit. The property has a two car garage, a lovely central courtyard separating the front and rear units, and community laundry in the garage (separate hookups for each unit). The property is being sold as-is. From a re-development perspective, the subject property is an ideal candidate for redevelopment. The city of Newport Beach launched an incentive program for the preservation of beach cottages on January 25, 2022, which allows owners to build substantial additions (up to 50 percent of the existing floor area or a maximum of 750 square feet) without providing the minimum code-required parking. Only the structure affected by the renovation/addition will have to comply with current building code standards. Refer to city website for more details.
MLS® NumberOC24196512
Laundry Level
Central VacNo
FireplaceYes
Acreage
Exterior
GarageYes
Approx. Age1969
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 21, 2024List Date
$3,295,000List Price
Jun 4, 2025End Date
$4,800Sold Price

Leased

May 9, 2025List Date
$5,000List Price
Jun 4, 2025End Date
$3,700Sold Price

Leased

May 9, 2025List Date
$4,000List Price

Home Appraisal

This property is estimated to sell between: $3,295,000 and $11,096,000.
Similar properties in this area sold on average for: $8,495,666
Expected to sell very soon! Similar properties sold in 98 days. This home has been on eXp Realty for 600 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
705 Orchid Ave, Corona Del Mar, CA

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