2616 Willo Lane, Costa Mesa, California 92627, Costa Mesa, 92627 - 0 bed, 0 bath
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Costa Mesa, California 92627
This Modern Cape Cod Estate is a Strong Value Opportunity, listed at $2,495,000—positioned well below the $2,743,936 Fair Market Value by 9%. This valuation gap offers $248,936 in Instant Equity for the incoming buyer. Built in 2004, the home maintains a Good Condition Rating and features an expansive 11,154 sq ft lot on an unincorporated street, providing rare ADU potential and flexible permitting. Located near the Back Bay within the Newport Mesa Unified School District, this property is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2616 Willo Lane Subject | $2,495,000* List Price | 0 | 0 | 2,328 | $1,179 | - |
A 2650 Riverside Drive Sold | $2,500,000 | 3 | 3 | 1,981 | $1,262 | 0.1 mi |
B 337 Vista Baya Sold | $2,500,000 | 3 | 3 | 2,000 | $1,250 | 1.0 mi |
C 2691 Club Mesa Sold | $1,995,000 | 4 | 2 | 1,809 | $1,103 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this property is in move-in ready condition and has been exceptionally well-maintained. The kitchen features high-end stainless steel appliances, including a Sub-Zero refrigerator and a professional-grade range with a designer hood, paired with stone countertops and white cabinetry. The home boasts quality hardwood flooring, recessed lighting, and contemporary neutral paint throughout. While the structure is 22 years old, the interior styling and lack of deferred maintenance align with the 'good' classification, as major systems appear functional and the aesthetic remains relevant to current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11154, living area = 2328.
The expansive 11,154 sq ft lot is located on an unincorporated street under Orange County jurisdiction, offering significantly more flexible permitting and ADU potential than typical city-regulated properties.
Ideally situated near the Back Bay, Fashion Island, and the beach, this property commands a premium position within the highly regarded Newport Mesa Unified School District.
The 850 sq ft garage contains two unpermitted rooms, which may create complications for appraisals, traditional financing, and future code compliance.
The property is marketed specifically to investors with the burden of verifying all zoning, development possibilities, and property details placed entirely on the buyer.
INVESTORS! Tucked away on an expansive 11,154 sq ft lot with a long private driveway, this beautiful Eastside Costa Mesa Cape Cod–style home offers exceptional privacy, space, and indoor-outdoor living. The property features 4 bedrooms and 3 full bathrooms, including a convenient downstairs bedroom, along with hardwood floors and thoughtfully designed living spaces. The kitchen offers built-ins and a desirable walk-in pantry, ideal for both everyday living and entertaining.The primary suite boasts an oversized walk-in closet, a built-in desk area, and a spa-like bathroom featuring a step-in shower and separate tub, creating a functional and private retreat. An approximately 850 sq ft garage is currently configured with two unpermitted rooms, offering flexible use options. Step outside to a huge backyard with stunning landscaping, perfect for entertaining, relaxing, or future expansion opportunities. Ideally located adjacent to the Back Bay, with easy access to Fashion Island, the beach, restaurants and more. Situated within the highly regarded Newport Mesa Unified School District. The home sits on a non-incorporated street in Eastside Costa Mesa, meaning Orange County (not the City of Costa Mesa) handles permitting. This may provide opportunities for additional dwelling or ADU potential. Buyer and buyer’s agent to verify all property details, zoning, and development possibilities with Orange County.
No exterior & parking available.
Grades 3-6 • 1.3 mi
Grades PK-2 • 1.5 mi
Grades PK-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 3.0 | 2% |
| Square foot | 2,328 | 1,752.5 | 80% |
| Lot Size | 11,154 | 6,904.5 | 96% |
| Price | $2.50M | $1.65M | 79% |
| Price per sq ft | $1.1K | $1.1K | 51% |
| Built year | 2004 | 1956 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 163 | 3% |
Mar 26, 2026
$2,495,000
Initial Listing
Aug 10, 2012
$935,000
Public Record