1943 Pelican Place, Costa Mesa, California 92626, Costa Mesa, 92626 - 4 bed, 3 bath
1943 Pelican Place
Costa Mesa, California 92626
Property Price
SUMMARY
Analysis of 1943 Pelican Place, Costa Mesa, California 92626 reveals a property with a current list price of $2,999,999, which is 13% above the estimated $2,632,895 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Costa Mesa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1943 Pelican Place Subject | $2,999,999* List Price | 4 | 3 | 2,029 | $1,298 | - |
A 2853 Boa Vista Sold | $2,438,000 | 4 | 3 | 2,228 | $1,094 | 0.3 mi |
B 2761 Sandpiper Drive Sold | $2,250,000 | 4 | 3 | 2,130 | $1,056 | 0.4 mi |
C 2879 2879 Club House Rd Sold | $2,184,000 | 4 | 2 | 1,912 | $1,142 | 0.4 mi |
D 2943 Baker Street Sold | $2,149,000 | 3 | 2 | 1,806 | $1,190 | 0.6 mi |
E 2741 Sandpiper Drive Sold | $3,000,000 | 5 | 3 | 2,711 | $1,107 | 0.4 mi |
F 1714 Labrador Drive Sold | $2,630,000 | 4 | 3 | 2,376 | $1,107 | 1.0 mi |
G 2046 Calvert Active | $2,249,000 List Price | 3 | 2 | 1,777 | $1,266 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1965 home has undergone an extensive, high-end professional renovation within the last year, making it a turnkey property. The interior features a modern open-concept kitchen with premium stainless steel appliances, quartz countertops, and contemporary cabinetry. Bathrooms are fully updated with designer tile work, new vanities, and modern fixtures. Additional upgrades include new wide-plank flooring, recessed LED lighting, updated windows, and a fully refurbished outdoor living area with a pool, meeting the highest standards for a recently renovated home.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9180, living area = 2029.
- Turnkey Modern Remodel
The property has been completely renovated with high-end finishes and brand-new appliances, offering a move-in-ready experience that eliminates the need for immediate capital improvements.
- Expansive Outdoor Entertaining
Set on a nearly 10,000 sq ft lot, the backyard features a private pool and multiple dedicated areas for dining and relaxation, providing a premium outdoor lifestyle rare for the area.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-09-29. The sold price is $1,725,000.00.
- School District Ratings
While the elementary school is well-rated, the assigned middle and high schools have lower performance scores, which may be a concern for families prioritizing top-tier public education.
- High Price Per Square Foot
At a list price of nearly $3 million for approximately 2,000 square feet of living space, the property commands a significant premium that may challenge appraisal values for some buyers.
About 1943 Pelican Place
Welcome to 1943 Pelican Place, a beautifully remodeled home on one of the most desirable streets in the Lower Birds of Mesa Verde. Set on a nearly 10,000 sq ft lot, this 4-bedroom, 2.5-bath home offers over 2,000 sq ft of comfortable living space and easy indoor-outdoor living. The home has been completely remodeled and features brand new appliances and updated finishes throughout. The layout is functional and welcoming, with plenty of natural light and spaces that work well for both everyday living and entertaining. Downstairs, a bonus room with a built-in bar adds extra space that can be used as a playroom, media room, or a great spot to host friends and family. The backyard is a true highlight, offering plenty of room to enjoy the outdoors along with a beautiful pool and multiple areas for dining, relaxing, and gathering. It’s an ideal space for hosting, spending time with family, or simply enjoying the Southern California lifestyle. Located in the heart of Mesa Verde, this home is close to both Mesa Verde and Costa Mesa Country Club, public pickleball courts, Fairview Park, and the bike trail. The neighborhood is known for its strong sense of community, with annual Fourth of July parades, block parties, and a very family-friendly atmosphere. This is a rare opportunity to own a turnkey home on one of Mesa Verde’s most loved streets.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 9,180 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Costa Mesa Unified Schools
Adams Elementary School
Grades PK-6 • 0.4 mi
California Elementary School
Grades K-6 • 1.4 mi
Charles W. Tewinkle Middle School
Grades 7-8 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,029 | 1,912 | 58% |
| Lot Size | 9,180 | 6,696 | 90% |
| Price | $3.00M | $1.63M | 96% |
| Price per sq ft | $1.5K | $895 | 99% |
| Built year | 1965 | 1965 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 146 | 2% |
Pricing History
Listed for Sale
Feb 12, 2026
$2,999,999
Initial Listing
Sold
Sep 29, 2025
$1,725,000
Public Record