
Irvine, California 92612
This Resort-Style Condominium at Marquee Park Place is a Strong Value Opportunity, listed at $965,000—positioned well below the $962,403 Fair Market Value (priced at market stability). Featuring a Condition Rating of 3, this residence offers a Granite Kitchen, Hardwood Flooring, and a versatile Dedicated Office/Third Bedroom. Residents enjoy premium amenities including 24-hour guard-gated security and a Resort-Style Pool. While the HOA is substantial, the property provides a sophisticated urban lifestyle. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey high-rise residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3131 Michelson Drive 507 Subject | $965,000* List Price | 2 | 2 | 1,492 | $645 | - |
A 3131 Michelson Drive 606 Sold | $873,000 | 2 | 2 | 1,330 | $656 | 0.0 mi |
B 3131 Michelson Drive 706 Sold | $850,000 | 2 | 2 | 1,330 | $639 | 0.0 mi |
C 3141 Michelson 1007 Sold | $1,100,000 | 2 | 2 | 1,330 | $827 | 0.0 mi |
D 3141 Michelson Drive 602 Sold | $970,000 | 2 | 2 | 1,375 | $705 | 0.0 mi |
E 21 Gramercy 208 Sold | $890,000 | 2 | 2 | 1,583 | $562 | 0.3 mi |
F 3360 Watermarke Place Sold | $938,000 | 3 | 2 | 1,456 | $644 | 0.7 mi |
G 2250 Watermarke Sold | $995,000 | 2 | 3 | 1,523 | $653 | 0.8 mi |
H 21 Gramercy 410 Sold | $915,000 | 2 | 2 | 1,583 | $578 | 0.3 mi |
I 3131 Michelson Drive 503 Active Under Contract | $1,120,000 List Price | 2 | 2 | 1,583 | $708 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006 (18 years old), this property is well-maintained and move-in ready. The kitchen features modern granite countertops and high-end stainless steel appliances, and the bathrooms are described as upgraded. With brand-new carpet and functional systems, it fits the 10-20 year age criteria for a quality, functional residence.
The floor plan includes a dedicated office that can easily function as a third bedroom, providing rare flexibility for families or remote professionals in a high-rise setting.
Residents enjoy a high-end lifestyle with 24-hour guard-gated security, concierge services, and resort-style facilities including a pool, fitness center, and private theater.
Situated in the heart of Irvine's business district, the property offers unparalleled convenience to John Wayne Airport, luxury shopping at South Coast Plaza, and major transit corridors.
The association fee of $1,342 per month is substantial, which may deter budget-conscious buyers and impact the overall return on investment for landlords.
The property is served by the Santa Ana Unified School District rather than Irvine Unified, with assigned schools carrying lower ratings that may concern education-focused families.
Welcome to Marquee Park Place, one of Irvine's premier high-rise communities. This well-maintained residence offers comfort, convenience, and resort-style living in the heart of Irvine. The spacious floor plan features **2 bedrooms plus a dedicated office**, which can easily be used as a **third bedroom**, along with **2 upgraded full bathrooms**. The modern kitchen is equipped with granite countertops, stainless steel appliances, and a built-in refrigerator. The open-concept living and dining area features hardwood flooring and is filled with natural light from floor-to-ceiling windows. The living room opens directly to a private balcony, creating a seamless indoor-outdoor living space with beautiful views of the city skyline. Both bedrooms feature **brand-new carpet**, while the main living areas are finished with **hardwood flooring**. Additional features include a separate laundry room with a washer and dryer, as well as generous storage throughout. The home includes **two side-by-side parking spaces** and a **large private storage room** conveniently located on the parking level. Residents enjoy premium HOA amenities, including **24-hour guard-gated security**, concierge service, a resort-style pool and spa, fitness center, business center, private theater, clubhouse, and more. Ideally located in Irvine's business district, with easy access to shopping, dining, parks, major freeways, John Wayne Airport, Fashion Island, South Coast Plaza, and the beaches of Newport Coast.
No exterior & parking available.
Grades K-5 • 3.0 mi
Grades 6-8 • 4.0 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,492 | 1,772 |
| Lot Size | - | 46,724 |
| Price | $965.0K | $1.27M |
| Price per sq ft | $647 | $753 |
| Built year | 2006 | 2014 |
| HOA | $1342.0 | $296 |
| Days on market | 0 | 60 |
Jun 26, 2026
$965,000
Initial Listing
May 6, 2019
$620,000
Public Record
Dec 31, 2012
$421,500
Public Record
Jan 20, 2006
$817,500
Public Record