2616 Bungalow Place, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 2 bed, 3 bath
2616 Bungalow Place
Corona Del Mar, California 92625
Property Price
SUMMARY
Analysis of 2616 Bungalow Place, Corona Del Mar, California 92625 is currently available with a list price of $2,699,900. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Corona Del Mar 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 2003, is 21 years old, placing it just outside the 'Excellent' category's 10-year new build or 5-year renovation window. However, the description explicitly states it's 'beautifully appointed' and a 'turnkey coastal home' with 'modern comfort.' The kitchen features premium custom cabinets, granite countertops, and high-end stainless steel appliances (Sub-Zero, Thermador, Wolf), which are confirmed by the images to be modern and in excellent condition. The primary bathroom is described as 'spa-inspired' with a soaking tub and walk-in shower, also appearing modern and well-maintained in the images. Hardwood flooring is present throughout the main living areas. All these elements suggest a significant renovation or extremely meticulous upkeep, making it move-in ready with no immediate updates required. While not brand new, the quality of finishes and apparent condition elevate it beyond 'Fair'.
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 = 297246, living area = 1908.
- Great Schools
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Prime Coastal Location
Situated in the highly desirable Sailhouse community of Corona del Mar, offering coveted coastal living with convenient access to local shops, restaurants, and beaches.
CONSRISKS & DEFICIENCIES
- Bankruptcy Court Sale
The property is subject to a bankruptcy court sale and possible auction, which may introduce complexities, extended timelines, and specific purchasing conditions.
- Significant Price Adjustment
The current list price of $2.7M represents a substantial increase from the original list price of $1.7M, which could raise questions about valuation or market strategy.
- Ongoing Association Fees
The property is part of an HOA with a monthly association fee of $290.63, adding a recurring cost to homeownership.
About 2616 Bungalow Place
*** BANKRUPTCY COURT SALE AND POSSIBLE AUCTION (NOT AN REO, NOT BANK OWNED, AND NOT A SHORT SALE) *** Charming Bungalow-Style Home in Coveted Sailhouse Community of Corona del Mar Welcome to coastal living at its finest in this beautifully appointed bungalow-style residence nestled in the highly desirable Sailhouse community of Corona del Mar. This thoughtfully designed home offers 2 spacious bedrooms (DUAL MASTER BEDROOMS WITH ENSUITES and Bonus/Entertainment Room (which could be Converted into NURSERY), 3 bathrooms, and a bright, open-concept layout that blends timeless elegance with modern comfort. Upon entry, you're greeted by hardwood flooring and abundant natural light streaming through large windows. The chef’s kitchen boasts premium custom cabinets, stainless steel appliances (SUB-ZERO, THERMADOR, & WOLF), granite countertops, and an island perfect for entertaining. The adjacent dining and living areas feature a cozy fireplace and seamless indoor-outdoor flow to your private patio, ideal for al fresco dining or quiet relaxation. The primary suite is a peaceful retreat, complete with a spa-inspired ensuite bath featuring a soaking tub and a walk-in shower. A second ensuite bedroom offers privacy for guests or a perfect work-from-home space. Additional highlights include an attached two-car garage, a third full bathroom for guests, central air conditioning, and interior laundry. Residents of Sailhouse with beautifully maintained grounds, and access to local shops, restaurants, beaches, and all the charm of Corona del Mar Village. Don’t miss this rare opportunity to own a turnkey coastal home in one of Orange County’s most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 297,246 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $290.63 / Month
Neighborhood Insights
Corona Del Mar Unified Schools
Harbor View Elementary School
Grades PK-6 • 0.1 mi
Abraham Lincoln Elementary School
Grades K-6 • 0.8 mi
Roy O. Andersen Elementary School
Grades K-6 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 13% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,908 | 2,749 | 8% |
| Lot Size | 297,246 | 9,375 | 98% |
| Price | $2.70M | $5.50M | 13% |
| Price per sq ft | $1.4K | $2.0K | 26% |
| Built year | 2003 | 1974 | 77% |
| HOA | $290.63 | $291 | 50% |
| Days on market | 69 | 208 | 8% |
Pricing History
Listed for Sale
Dec 29, 2025
$2,699,900
Initial Listing
Price Change
Dec 28, 2025
$1,699,900
Initial Listing
Sold
Oct 28, 2002
$728,500
Public Record