USACACorona Del MarCorona Del Mar South of Pch (Cdms)306 Marguerite Ave

$4,795,000

For Sale

2 months ago

306 Marguerite Ave, Corona Del Mar, CA

Name: 306 Marguerite Ave, For Sale in Corona Del Mar - eXp Realty
Brand: VALIA Properties
SKU: NP26054437
Price: 4795000 USD

House

MLS® NP26054437

4 Bed

3 Bath

2225 sqft

2 Parking

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential

Size 2225 sqft

Garage Yes

Taxes

Days Active 60

Lot Size

Approx. Age 1950

Avg. Price Per Sqft $2,155

MLS® Number NP26054437

Property Address: 306 Marguerite Ave, Corona del Mar, CA, 92625-3072

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

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 contributes to a more open, light-filled living environment. Located in the heart of the Corona del Mar Village, the Flower Streets are widely regarded as one of the most desirable neighborhoods in Newport Beach. Residents enjoy exceptional walkability to local boutiques, cafés, and restaurants along Pacific Coast Highway, while the scenic paths of Ocean Boulevard and multiple beaches are just moments away. With approved architectural plans in place and an irreplaceable Village location, 306 Marguerite Avenue offers a unique opportunity to begin construction immediately and deliver a premier coastal development in one of Orange County’s most sought-after communities.

MLS® NumberNP26054437

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

GarageYes

Approx. Age1950

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 12, 2026List Date

$4,795,000List Price

Home Appraisal

This property is estimated to sell between: $4,745,000 and $4,820,000.

Similar properties in this area sold on average for: $4,745,833

Expected to sell very soon! Similar properties sold in 43 days. This home has been on eXp Realty for 60 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

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Starting Address

Destination Address

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