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

3131 Michelson Drive 503
Irvine, California 92612
Property Price
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
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
Mcfadden Intermediate School
Grades 6-8 • 4.0 mi
Century High School
Grades 9-12 • 3.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,583 | 1,441 | 71% |
| Lot Size | 100,845 | 41,727 | 63% |
| Price | $1.20M | $980.0K | 71% |
| Price per sq ft | $758 | $747 | 55% |
| Built year | 2006 | 2003 | 65% |
| HOA | $1500.0 | $588 | 95% |
| Days on market | 49 | 169 | 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

























































