3131 Michelson, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath
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3131 Michelson
Irvine, California 92612
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,375Sq Ft
100,845Lot Size
Property Price
LIST PRICE$950,000
EST. MARKET VALUE
$944,444
SUMMARY
This Luxury High-Rise Condominium in the Marquee Park Place community is a Strong Value Opportunity, listed at $998,000—positioned well above the $953,981 Fair Market Value by 4%. While priced at a premium, the property offers a Good Condition Rating and a sophisticated lifestyle featuring a Gourmet Granite Kitchen, floor-to-ceiling windows with City Lights Views, and extensive amenities like a private theater and concierge. This residence is an ideal sanctuary for Urban Professionals or Discerning Owner-Occupants seeking a turnkey, high-security living environment in prime Irvine.
Estimated Market Value
$944,444
Based on Realkey algorithm analyzing recent comparable sales in Irvine.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3131 Michelson Subject 2 bd · 2 ba · 1,375 sqft · $687 | $950,000* List Price | 2 | 2 | 1,375 | $687 | - |
A 3131 Michelson Drive 503 Sold 2 bd · 2 ba · 1,583 sqft · $685 · 0.0 mi | $1,085,000 | 2 | 2 | 1,583 | $685 | 0.0 mi |
B 3141 Michelson 1007 Sold 2 bd · 2 ba · 1,330 sqft · $827 · 0.0 mi | $1,100,000 | 2 | 2 | 1,330 | $827 | 0.0 mi |
C 3064 Scholarship Sold 2 bd · 2 ba · 1,477 sqft · $769 · 0.7 mi | $1,136,000 | 2 | 2 | 1,477 | $769 | 0.7 mi |
D 3422 Watermarke Sold 2 bd · 2 ba · 1,260 sqft · $651 · 0.7 mi | $820,000 | 2 | 2 | 1,260 | $651 | 0.7 mi |
E 21 Gramercy 410 Sold 2 bd · 2 ba · 1,583 sqft · $578 · 0.3 mi | $915,000 | 2 | 2 | 1,583 | $578 | 0.3 mi |
F 5072 Scholarship 505d Sold 1 bd · 2 ba · 1,349 sqft · $645 · 0.7 mi | $870,000 | 1 | 2 | 1,349 | $645 | 0.7 mi |
G 21 Gramercy 421 Sold 2 bd · 2 ba · 1,474 sqft · $650 · 0.3 mi | $958,000 | 2 | 2 | 1,474 | $650 | 0.3 mi |
H 2320 Scholarship Sold 2 bd · 2 ba · 1,038 sqft · $718 · 0.7 mi | $745,000 | 2 | 2 | 1,038 | $718 | 0.7 mi |
I 21 Gramercy 102 Active Under Contract 2 bd · 2 ba · 1,474 sqft · $628 · 0.3 mi | $925,000 List Price | 2 | 2 | 1,474 | $628 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2005 (21 years old), the property is impeccably maintained and move-in ready. While the age technically crosses the 20-year threshold, the interior features updated wide-plank flooring and a high-end gourmet kitchen with granite countertops and custom appliances. The bathrooms and systems appear functional and well-kept, fitting the 'Good' criteria for well-maintained, functional residences.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Amenities and Security
The Marquee offers a true luxury lifestyle with 24-hour guard-gated security, concierge services, and high-end facilities including a private theater, fitness center, and pool.
- Versatile Living Space
The 1,375 sqft floor plan features a flexible office/den that can easily function as a third bedroom, complemented by floor-to-ceiling windows and a private balcony with city views.
- Superior Storage and Parking
Unlike many high-rise units, this property includes two side-by-side parking spaces and a large private storage room, providing significant convenience and utility.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $1,342 per month is relatively high and may deter budget-conscious buyers or impact financing qualifications.
- Underperforming School Ratings
Despite the prestigious Irvine location, the currently assigned public schools show lower ratings (3-4/10), which may be a drawback for families focused on academic performance.
About 3131 Michelson
Luxury high-rise living at its finest in the prestigious Marquee Park Place community. This impeccably maintained residence features 2 spacious bedrooms plus a versatile office/den that can easily serve as a third bedroom, 2 full bathrooms, and an open-concept floor plan filled with natural light. The gourmet kitchen offers granite countertops, stainless steel appliances, and a custom built-in refrigerator. Floor-to-ceiling windows frame stunning city skyline views and from the balcony you can enjoy beautiful sunsets. Additional highlights include abundant storage, a dedicated laundry closet with stacking washer and dryer, two side-by-side parking spaces, and a large private storage room. Residents enjoy 24-hour guard-gated security, concierge service, pool, spa, fitness center, business center, private theater, clubhouse, and more. Prime Irvine location near award-winning schools, premier shopping, dining, John Wayne Airport, Fashion Island, South Coast Plaza, and the beaches of Newport Coast.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 100,845 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1342.0 / Month
Neighborhood Insights
Irvine Unified Schools
Monroe Elementary School
Grades K-5 • 3.0 mi
4/10
Mcfadden Intermediate School
Grades 6-8 • 4.0 mi
3/10
Century High School
Grades 9-12 • 3.9 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,375 | 1,685.105 |
| Lot Size | 100,845 | 42,358.594 |
| Price | $950.0K | $1.21M |
| Price per sq ft | $691 | $740 |
| Built year | 2005 | 2010 |
| HOA | $1342.0 | $280 |
| Days on market | 102 | 61 |
Pricing History
Listed for Sale
Oct 10, 2026
$950,000
$998,000
-5% Price Drop
Initial Listing
Price Change
Jul 15, 2026
$998,000
Initial Listing