3131 Michelson Drive 606, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath

3131 Michelson Drive 606, Irvine, California 92612 home-pic-0
ACTIVE$899,000
3131 Michelson Drive 606, Irvine, California 92612
2Beds
2Baths
1,330Sqft
100,845Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Luxury Amenities: The Marquee Park Place offers a comprehensive suite of high-end amenities including 24-hour security, concierge, heated pool, spa, state-of-the-art fitness center, private movie theater, and resident lounge, providing a resort-like living experience.
Top Cons:
Substantial HOA Dues: The monthly association fee of $1,342.39 is notably high, which could be a significant ongoing financial commitment for potential buyers, even with the included utilities and amenities.

Compared to the nearby listings

Price:$899.0K vs avg $980.0K ($-81,000)37%
Size:1,330 sqft vs avg 1,441 sqft48%
Price/sqft:$676 vs avg $74916%

More Insights

Built in 2006 (19 years old).
Condition: Built in 2006, this property has undergone significant recent updates, including premium LVP flooring and a brand-new HVAC system, as stated in the description. The images confirm a pristine interior with modern light fixtures and well-maintained spaces. The kitchen features stainless steel appliances and clean cabinetry, while the bathrooms are tiled and in excellent condition with contemporary vanities and glass shower enclosures. The overall quality reflects a property that is virtually new or extensively renovated, meeting current quality standards with no deferred maintenance.
Year Built
2006
Close
-
List price
$899K
Original List price
$950K
Price/Sqft
$676
HOA
$1,342.39
Days on market
-
Sold On
-
MLS number
OC25099620
Home ConditionExcellent
Features
Deck
Pool
Spa
ViewNeighborhood

About this home

Experience luxury living at its finest in the all-inclusive Marquee Park Place, ideally located in the heart of Irvine. This highly sought-after Plan C residence features two generously sized bedrooms, a versatile den—perfect as a third bedroom, home office, or yoga studio—and two full bathrooms. Recently updated, the home showcases premium LVP flooring, automated custom window shades, and a brand-new HVAC. Enjoy an array of upscale amenities including 24-hour gated security, concierge services, an elegant lobby, coffee bar, resident lounge with a full kitchen, conference room, private movie theater, business center, billiard room, state-of-the-art fitness center, heated pool and spa, and outdoor BBQ areas—perfect for entertaining. Ideally located just minutes from the University of California, Irvine (UCI), world-class shopping at South Coast Plaza and Irvine Spectrum, near fine dining, and close to all of Orange County’s most iconic beaches. HOA dues include internet, gas, trash, and water. No Mello-Roos. Two designated parking spaces and a storage locker convey with the home.

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
Excellent

Built in 2006, this property has undergone significant recent updates, including premium LVP flooring and a brand-new HVAC system, as stated in the description. The images confirm a pristine interior with modern light fixtures and well-maintained spaces. The kitchen features stainless steel appliances and clean cabinetry, while the bathrooms are tiled and in excellent condition with contemporary vanities and glass shower enclosures. The overall quality reflects a property that is virtually new or extensively renovated, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Extensive Luxury Amenities: The Marquee Park Place offers a comprehensive suite of high-end amenities including 24-hour security, concierge, heated pool, spa, state-of-the-art fitness center, private movie theater, and resident lounge, providing a resort-like living experience.
Prime & Convenient Location: Ideally situated in the heart of Irvine, the property offers exceptional proximity to UCI, world-class shopping (South Coast Plaza, Irvine Spectrum), fine dining, and Orange County's iconic beaches.
Modern & Updated Interior: The unit boasts recent updates such as premium LVP flooring, automated custom window shades, and a brand-new HVAC system, ensuring a contemporary and comfortable living environment.
Versatile Floor Plan: Featuring two generously sized bedrooms and a versatile den, the 'Plan C' residence offers flexibility for a third bedroom, home office, or yoga studio, catering to diverse lifestyle needs.
Financial Benefits & Inclusions: The property benefits from no Mello-Roos taxes and HOA dues that cover internet, gas, trash, and water, along with two designated parking spaces and a storage locker, reducing additional monthly expenses.

Cons

Substantial HOA Dues: The monthly association fee of $1,342.39 is notably high, which could be a significant ongoing financial commitment for potential buyers, even with the included utilities and amenities.
History of Price Reductions: Multiple price reductions from the original list price of $950,000 to $899,000 may indicate market resistance or suggest that the initial pricing was overly ambitious, potentially affecting buyer perception.
Condominium Lifestyle Constraints: As a condominium, the property inherently involves shared walls, less privacy, and adherence to HOA rules and regulations, which may not appeal to buyers seeking greater autonomy or private outdoor space.

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