3131 Michelson Drive 706, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath
3131 Michelson Drive 706
Irvine, California 92612
Property Price
SUMMARY
Analysis of 3131 Michelson Drive 706, Irvine, California 92612 is currently available with a list price of $950,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
Built in 2005, this property falls within the 10-20 year age bracket for a 'good' rating. The unit is move-in ready and well-maintained, featuring a kitchen with granite countertops and stainless steel appliances, hardwood flooring in the main living areas, and clean, contemporary bathrooms. While the finishes reflect the original construction style, there is no evidence of deferred maintenance, and the luxury high-rise amenities support a high standard of upkeep.
PROSSTRENGTHS & OPPORTUNITIES
- Luxury Resort Amenities
The Marquee offers a premium high-rise lifestyle with 24-hour concierge, security, a state-of-the-art fitness center, heated pool, spa, and specialized rooms for business and entertainment.
- Optimal Building Orientation
Located in the West tower and facing away from the freeway, this unit provides a quieter living environment with serene garden views and sunset exposure from the private balcony.
- Prime Urban Location
The property is within walking distance to elite dining and offers exceptional proximity to John Wayne Airport, UCI, and major shopping destinations like the Irvine Spectrum and Fashion Island.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $1,341 per month is significant, which may impact buyer affordability and overall investment yield compared to other luxury condos in the area.
- School District Ratings
The property is served by the Santa Ana Unified School District rather than Irvine Unified, with assigned schools carrying lower ratings that may deter education-focused families.
About 3131 Michelson Drive 706
Welcome home to Luxury Living in this prestigious unit, Irvine's finest high rise, Resort style condo at the Marquee in Park Place. Located on the West tower, with views, facing away from the freeway. The Marquee also provides extra storage space separate from the unit and side by side parking in the secure parking complex. Enjoy hotel like amenities in the Marquee with 24 hour security and full concierge services, elegant lobby, state-of-the-art fitness center, heated pool & spa, BBQs, playground, theater room, billiard room, and professional business center. This spot is also walking distance to some of the BEST restaurants in town and close to UCI, Irvine Spectrum, John Wayne Airport, and a short drive to Fashion Island, the beaches, parks and nature trails. This spacious 1,234 sq. ft home flows openly from the living room, to the dining area and then on to the balcony where you can unwind after a long day and watch some of the best sunsets and exquisite garden views. Don't miss this opportunity to enjoy the city living.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 0.08 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1341.0 / 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 | 1,330 | 1,441 | 48% |
| Lot Size | 0.08 | 41,727 | 45% |
| Price | $950.0K | $970.0K | 49% |
| Price per sq ft | $714 | $746 | 38% |
| Built year | 2005 | 2003 | 58% |
| HOA | $1341.0 | $588 | 94% |
| Days on market | 222 | 169 | 77% |
Pricing History
Listed for Sale
Jul 28, 2025
$950,000
Initial Listing