310 Fernleaf, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 5 bed, 3 bath
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310 Fernleaf
Corona Del Mar, California 92625
ACTIVE
CONDITION: TEAR DOWN
5Beds
3Baths
2,500Sq Ft
4,156Lot Size
Property Price
LIST PRICE$4,500,000
EST. MARKET VALUE
$4,676,593
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $4,500,000—positioned well below the $4,676,594 Fair Market Value by 3%. This valuation gap offers $176,594 in Instant Equity for developers. Featuring a 35-foot-wide lot and favorable setbacks, the site is primed for a luxury redevelopment project. With a Condition Rating of 6, the existing duplex serves as a placeholder for a high-end build. Located near top-rated schools like Harbor View Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Luxury Developers.
Estimated Market Value
$4,676,593+$176,593 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Corona Del Mar.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 310 Fernleaf Subject 5 bd · 3 ba · 2,500 sqft · $1,871 | $4,500,000* List Price | 5 | 3 | 2,500 | $1,871 | - |
A 501 Poinsettia Avenue Sold 3 bd · 2 ba · 1,990 sqft · $1,884 · 0.6 mi | $3,750,000 | 3 | 2 | 1,990 | $1,884 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1972 (over 50 years old) with no mentioned renovations, this property is explicitly marketed as a 'compelling development opportunity' and 'redevelopment project,' focusing heavily on the land value, lot dimensions, and prime location rather than the existing structure.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Prime Coastal Location
Situated south of the Pacific Coast Highway and just one block from the beach, this property offers an elite location with immediate access to the ocean and the Village.
- Superior Lot Dimensions
The 35-foot-wide parcel is notably wider than standard Village lots, providing a larger building envelope and greater architectural design flexibility for a custom build.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 1032. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
- Dated Existing Structures
Built in 1972, the current duplex residences are aged and likely require significant modernization or full demolition to meet modern luxury standards.
- High Investment Threshold
The $4.5M acquisition price represents a substantial entry point for a development project, requiring significant additional capital for construction to realize maximum value.
About 310 Fernleaf
A compelling development opportunity south of Pacific Coast Highway in Corona del Mar, positioned just one block from the beach and moments from the Village. The 35-foot-wide parcel offers dimensions notably wider than many Village properties, complemented by smaller setbacks that create an advantageous building envelope and greater design flexibility. The frontage allows for a generous architectural presence and improved interior proportions. Currently providing a three-bedroom, two-bath front residence with ocean views from the front patio and a two-bedroom, one-bath rear residence with city and park views, the property offers existing improvements ahead of future redevelopment. With the beach at the end of the block, a south-of-PCH location, favorable lot dimensions, reduced setbacks, and meaningful buildable square footage, the property presents a strong foundation for a thoughtfully designed Corona del Mar redevelopment project.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1972
- Lot Size
- 4,156 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Corona Del Mar Unified Schools
Harbor View Elementary School
Grades PK-6 • 0.5 mi
9/10
Abraham Lincoln Elementary School
Grades K-6 • 1.2 mi
7/10
Roy O. Andersen Elementary School
Grades K-6 • 1.9 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,500 | 2,064 |
| Lot Size | 4,156 | 3,511 |
| Price | $4.50M | $3.71M |
| Price per sq ft | $1.8K | $2.1K |
| Built year | 1972 | 1959 |
| HOA | $0 | $0 |
| Days on market | 34 | 68 |
Pricing History
Listed for Sale
Sep 21, 2026
$4,500,000
Initial Listing