3131 Michelson Drive 503, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath

3131 Michelson Drive 503, Irvine, California 92612 home-pic-0

3131 Michelson Drive 503

Irvine, California 92612

ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,583Sq Ft
100,845Lot Size

Property Price

LIST PRICE$1,200,000

SUMMARY

Analysis of 3131 Michelson Drive 503, Irvine, California 92612 is currently available with a list price of $1,200,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Irvine Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This unit, built in 2006, presents in excellent condition due to significant and recent high-quality renovations. The description highlights 'upgraded full bathrooms,' a 'modern kitchen with granite countertops, stainless steel appliances, and a custom built-in refrigerator,' 'nearly-new washer and dryer,' and 'newly replaced toilets.' The images confirm a contemporary aesthetic throughout, with pristine hardwood flooring in living areas and office, clean carpeting in bedrooms, and sleek, updated finishes in both the kitchen and bathrooms. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance, aligning perfectly with the criteria for an 'Excellent' rating.

PROSSTRENGTHS & OPPORTUNITIES

  • Luxury Community & Amenities

    Located in the 'most luxurious high-rise residences in Irvine' within the 'highly sought-after Marquee Park Place community,' offering extensive HOA amenities including 24-hour guarded gate, concierge, resort-style pool/spa, fitness center, business center, and private movie theater.

  • Prime Irvine Location

    Situated in the heart of Irvine’s business district, providing convenient access to top-rated schools, parks, shopping centers like Fashion Island, and just minutes from Newport Coast beaches.

  • Modern & Upgraded Interior

    A meticulously maintained unit featuring upgraded full bathrooms, a modern kitchen with granite countertops, stainless steel appliances, a custom built-in refrigerator, and newly replaced toilets, all within an open-concept layout.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 1583, other record living area = 1375.

  • High HOA Fees

    The property carries a substantial monthly association fee of $1500.0, which can significantly impact overall housing costs and affordability for potential buyers.

  • Condominium Lifestyle Limitations

    As a high-rise condominium, the property offers limited private outdoor space (a terrace rather than a yard) and requires adherence to HOA rules and regulations, which may not suit all lifestyles.

About 3131 Michelson Drive 503

Most luxurious high-rise residences in Irvine, located in the highly sought-after Marquee Park Place community. This meticulously maintained unit features TWO spacious BEDROOMS plus AN OFFICE that can easily serve as aTHIRD bedroom. It offers two upgraded full bathrooms and a modern kitchen with granite countertops, stainless steel appliances, and a custom built-in refrigerator. The open-concept layout connects seamlessly to the living area, creating a bright and contemporary atmosphere. The living room is enhanced by floor-to-ceiling windows that bring in abundant natural light and offer expansive views. The unit also provides generous storage space, a dedicated laundry room with nearly-new washer and dryer, and newly replaced toilets in both bathrooms. Step outside to a private terrace with stunning views of the city skyline and community pool. Included are two side-by-side parking spaces and a large storage room located on the parking level. The HOA offers an array of upscale amenities, including 24-hour guarded gate access, concierge service, resort-style pool and spa, fitness center, business center, private movie theater, clubhouse, and more. Prime location in the heart of Irvine’s business district—close to top-rated schools, parks, shopping centers, Fashion Island, and just minutes from the beaches of Newport Coast.

Property Details

Public Facts

Property Type
Condominium
Year Built
2006
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
$1500.0 / 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,5831,441
71%
Lot Size100,84541,727
63%
Price$1.20M$980.0K
71%
Price per sq ft$758$747
55%
Built year20062003
65%
HOA$1500.0$588
95%
Days on market49169
6%

Pricing History

Listed for Sale

Jan 17, 2026

$1,200,000

Initial Listing

Sold

Jul 7, 2022

$1,025,000

Public Record

Sold

Jan 22, 2018

$713,000

Public Record

Sold

Feb 28, 2013

$385,000

Public Record

Sold

Feb 10, 2006

$811,000

Public Record

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