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

3131 Michelson Drive 503, Irvine, California 92612 home-pic-0
ACTIVE$1,200,000
3131 Michelson Drive 503, Irvine, California 92612
2Beds
2Baths
1,375Sqft
100,845Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Luxury Amenities & Services: The property offers an extensive array of upscale HOA amenities including 24-hour guarded gate access, concierge service, a resort-style pool and spa, fitness center, business center, and private movie theater, enhancing a luxurious lifestyle.
Top Cons:
High HOA Fees: The monthly association fee of $1,145 is substantial and represents a significant ongoing cost of ownership, which could impact affordability for some buyers.

Compared to the nearby listings

Price:$1.20M vs avg $985.0K (+$215,000)69%
Size:1,375 sqft vs avg 1,441 sqft48%
Price/sqft:$873 vs avg $75181%

More Insights

Built in 2006 (19 years old).
Condition: Built in 2006, this property is 18 years old, fitting within the 'Good' condition criteria (10-20 years old). The listing explicitly states 'meticulously maintained,' with 'upgraded full bathrooms' and a 'modern kitchen' featuring granite countertops, stainless steel appliances, and a custom built-in refrigerator. Images confirm a contemporary aesthetic with clean lines, hardwood flooring, and well-maintained surfaces. The bathrooms feature modern tiling, glass shower enclosures, and 'newly replaced toilets.' While not a brand-new build or a full extensive renovation within the last 5 years, the unit is move-in ready, well-maintained, and features updated components, aligning perfectly with a 'Good' condition rating.
Year Built
2006
Close
-
List price
$1.2M
Original List price
$1.26M
Price/Sqft
$873
HOA
$1,145
Days on market
-
Sold On
-
MLS number
OC25166343
Home ConditionGood
Features
Good View: Park/Greenbelt, Pool
ViewPark/Greenbelt, Pool

About this home

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.

Nearby schools

4/10
Monroe Elementary School
Public,K-53.0mi
3/10
Mcfadden Intermediate School
Public,6-84.0mi
3/10
Century High School
Public,9-123.9mi
Condition Rating
Good

Built in 2006, this property is 18 years old, fitting within the 'Good' condition criteria (10-20 years old). The listing explicitly states 'meticulously maintained,' with 'upgraded full bathrooms' and a 'modern kitchen' featuring granite countertops, stainless steel appliances, and a custom built-in refrigerator. Images confirm a contemporary aesthetic with clean lines, hardwood flooring, and well-maintained surfaces. The bathrooms feature modern tiling, glass shower enclosures, and 'newly replaced toilets.' While not a brand-new build or a full extensive renovation within the last 5 years, the unit is move-in ready, well-maintained, and features updated components, aligning perfectly with a 'Good' condition rating.
Pros & Cons

Pros

Luxury Amenities & Services: The property offers an extensive array of upscale HOA amenities including 24-hour guarded gate access, concierge service, a resort-style pool and spa, fitness center, business center, and private movie theater, enhancing a luxurious lifestyle.
Prime Irvine Location: Situated in the heart of Irvine’s business district, the location provides excellent access to top-rated schools, parks, shopping centers like Fashion Island, and is just minutes from Newport Coast beaches.
Upgraded & Modern Interior: The unit is meticulously maintained with upgraded full bathrooms, a modern kitchen featuring granite countertops, stainless steel appliances, and a custom built-in refrigerator, all within an open-concept layout.
Flexible Floor Plan & Views: The unit includes two spacious bedrooms plus an office that can easily serve as a third bedroom, offering versatile living space. It boasts expansive city skyline and community pool views from floor-to-ceiling windows and a private terrace.
Valuable Inclusions: The property comes with two side-by-side parking spaces and a large dedicated storage room on the parking level, providing significant convenience and added value for high-rise living.

Cons

High HOA Fees: The monthly association fee of $1,145 is substantial and represents a significant ongoing cost of ownership, which could impact affordability for some buyers.
Recent Price Reduction: The property has undergone a price reduction from its original list price of $1.26 million to $1.2 million, which may suggest initial overpricing or slower market interest.
Limited True Bedroom Count: While an office offers flexibility to serve as a third bedroom, the unit officially features two dedicated bedrooms, which might not meet the specific needs of buyers requiring three true, distinct bedrooms.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state