Realkey.ai
RealKey
‪(213) 433-7766‬

2616 Bungalow Place, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 2 bed, 3 bath

2616 Bungalow Place, Corona Del Mar, California 92625 home-pic-0
ACTIVE$2,699,900$1,908/sqft
2616 Bungalow Place, Corona Del Mar, California 92625
2Beds
3Baths
1,908Sqft
297,246Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
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.
Top Cons:
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.

Compared to the nearby listings

Price:$2.70M vs avg $5.20M ($-2,500,100)14%
Size:1,908 sqft vs avg 2,629 sqft10%
Price/sqft:$1.4K vs avg $2.0K22%

More Insights

Built in 2003 (23 years old).
Condition: 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'.
Year Built
2003
Close
-
List price
$2.7M
Original List price
$1.7M
Price/Sqft
$1,415
HOA
$290.63
Days on market
-
Sold On
-
MLS number
OC25280997
Home ConditionGood
Features
Patio
ViewCourtyard

About this home

*** 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.

J
Jennifer Toyama
Listing Agent

Nearby schools

9/10
Harbor View Elementary School
Public,•PK-6•0.1mi
7/10
Abraham Lincoln Elementary School
Public,•K-6•0.8mi
9/10
Roy O. Andersen Elementary School
Public,•K-6•1.4mi
9/10
Newport Coast Elementary School
Public,•PK-6•2.7mi
9/10
Corona Del Mar High School
Public,•7-12•2.2mi

Price History

Date
Event
Price
10/28/02
Sold
$728,500
Condition Rating
Good
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'.
Pros & Cons

Pros

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.
Gourmet Chef's Kitchen: Equipped with premium custom cabinets, granite countertops, a central island, and high-end stainless steel appliances from Sub-Zero, Thermador, and Wolf.
Luxurious Dual Master Suites: Features two spacious master bedrooms, each with an ensuite bathroom, including a spa-inspired primary bath with a soaking tub and walk-in shower.
Modern & Turnkey Interior: Boasts an open-concept layout, hardwood flooring, abundant natural light, a cozy fireplace, central air conditioning, and is presented as a 'turnkey coastal home'.
Top-Rated School District: Located within the Newport Mesa Unified High School District, with access to multiple highly-rated elementary and high schools (e.g., Harbor View Elementary, Corona Del Mar High School).

Cons

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.
Browse Properties by State Browse housing market trends by state