2968 Ceylon, Costa Mesa, California 92626, Costa Mesa, 92626 - 3 bed, 2 bath
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Costa Mesa, California 92626
This property presents a High-Potential Investment Opportunity with a List Price of $1,950,000—positioned well above the $1,690,278 Fair Market Value by -15%. Featuring a Condition Rating of 5, the home requires a full interior renovation to modernize its original 1960s layout. The expansive 8,080 sqft corner lot offers significant upside for expansion or RV access. Located in the prestigious Inner Loop of Mesa Verde, this asset is ideal for Fix-and-Flip Investors or Contractors seeking a premier location for a high-value transformation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2968 Ceylon Subject | $1,899,000* List Price | 3 | 2 | 1,768 | $957 | - |
A 2869 Tabago Sold | $1,810,000 | 4 | 2 | 1,881 | $962 | 0.3 mi |
B 2925 Jacaranda Avenue Sold | $1,425,000 | 3 | 2 | 1,601 | $890 | 0.3 mi |
C 2913 Jacaranda Avenue Sold | $1,626,000 | 4 | 2 | 1,557 | $1,044 | 0.3 mi |
D 1906 Suva Sold | $2,155,000 | 4 | 2 | 2,289 | $941 | 0.4 mi |
E 1732 Missouri Active | $1,495,000 List Price | 3 | 2 | 1,614 | $926 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960 and offered for the first time, the home is in mostly original condition. The kitchen and bathrooms are over 60 years old, featuring dated cabinetry, tile, and appliances that require a full rehab rather than minor updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8080, living area = 1768.
Situated in the highly coveted 'Inner Loop' of Mesa Verde, this property offers a prestigious and quiet neighborhood setting with close proximity to the Mesa Verde Country Club and coastal amenities.
The generous 8,080-square-foot corner lot provides exceptional outdoor space and the rare potential for RV access, offering significant flexibility for landscaping or expansion.
The property retains much of its original 1960s character and will require a substantial capital investment to modernize the kitchen, bathrooms, and overall aesthetic to meet current luxury standards.
While the local elementary school is well-rated, the assigned middle and high schools have lower performance ratings, which may be a consideration for education-focused buyers at this price point.
Welcome to a truly special opportunity in the highly sought-after Inner Loop of Mesa Verde. Offered for the first time ever on the resale market, this 3 bedroom, 2 bath home is ready for its next chapter. Set on a desirable corner lot with easy way to add RV access, the property offers exceptional space, character, and endless potential to make it your own. Inside, you’ll find beautiful wood flooring and generously sized living areas, including an expansive living room, dining area, and kitchen—perfect for reimagining into a refreshed, modern esthetic. The bedrooms feel substantial, providing comfort and flexibility rarely found in today’s homes. While the home reflects much of its original charm, it presents a wonderful canvas for those looking to update and customize it to their personal style. Located in Mesa Verde’s coveted Inner Loop—one of the most in-demand neighborhoods for today’s buyers—you’ll enjoy a true sense of community along with close proximity to parks, golf, dining, and top coastal amenities. Whether you’re looking to create your dream home or invest in a premier location, this is a rare chance to secure a property with incredible upside in an unbeatable setting. Very easy access to all the great amenities Mesa Verde offers including local shopping, the Mesa Verde Country Club, and easy access to freeways and beaches.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades K-6 • 0.7 mi
Grades 7-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,768 | 1,799 | 43% |
| Lot Size | 8,080 | 6,669 | 83% |
| Price | $1.90M | $1.56M | 70% |
| Price per sq ft | $1.1K | $915 | 83% |
| Built year | 1960 | 1964 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 121 | 4% |
May 23, 2026
$1,899,000
$1,950,000
-3% Price Drop
Initial Listing
May 7, 2026
$1,950,000
Initial Listing