346 Gulf Stream, Costa Mesa, California 92627, Costa Mesa, 92627 - 4 bed, 4 bath
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346 Gulf Stream
Costa Mesa, California 92627
ACTIVE
CONDITION: GOOD
4Beds
4Baths
2,575Sq Ft
4,661Lot Size
Property Price
LIST PRICE$1,850,000
EST. MARKET VALUE
$1,747,351
5% AboveMARKET VALUE
SUMMARY
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $1,850,000—positioned slightly above the $1,747,352 Fair Market Value. While the price reflects a premium, the property maintains a Condition Rating of 3, featuring a Granite Kitchen, Vinyl Plank Flooring, and a Private Patio. Located in a charming storybook community, it offers a versatile floor plan with a separate fourth bedroom and loft. This home provides a stable, high-quality lifestyle for Owner-Occupants or Multi-Generational Families seeking a coastal Costa Mesa address.
Estimated Market Value
$1,747,351
Based on Realkey algorithm analyzing recent comparable sales in Costa Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 346 Gulf Stream Subject | $1,850,000* List Price | 4 | 4 | 2,575 | $679 | - |
A 333 Gulf Stream Way Active Under Contract | $1,600,000 List Price | 4 | 4 | 2,575 | $621 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006 (20 years old), the property falls within the 10-20 year range for well-maintained, move-in ready homes. The kitchen features functional granite countertops and stainless steel appliances, while the interior has been updated with vinyl plank flooring. Systems and exterior appear well-kept based on the storybook community standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Floor Plan
The 2,575 sq. ft. layout features a separate fourth bedroom with a private bath and an additional loft, offering excellent flexibility for guests, multi-generational living, or a dedicated home office.
- Prime Coastal Location
Situated in a charming 'storybook' community just half a mile from Triangle Square and under three miles from the beach, providing a perfect balance of urban convenience and coastal lifestyle.
- Low Carrying Costs & Parking
The property boasts a remarkably low HOA fee of $165/month and includes a full-sized driveway for two additional cars, a rare and highly sought-after feature in this high-density area.
CONSRISKS & DEFICIENCIES
- Transactional Complexity
The sale requires the buyer to cooperate in a 1031 tax-deferred exchange, which may introduce specific timing requirements and additional paperwork during the escrow process.
- Lack of Scenic Views
The property does not offer any significant views, which may be a drawback for buyers seeking the elevated vistas or city lights often associated with premium Orange County real estate.
About 346 Gulf Stream
Located within a 36 home STORYBOOK community of BUNGALOWS AT BAY STREET , this spacious 4 bedroom, 3 1/2 bath is on an ample private 4661 sq. ft. premium lot. Granite kitchen with stainless steel appliances and refrigerator. Five burner gas cooktop, built in desk, breakfast nook, breakfast bar and abundant storage is adjacent to the family room with fireplace. Separate formal dining room (could be perfect home office) and living room. Primary suite has a separate shower, oversized soaking tub and Capacious walk-in closet. Two secondary bedrooms share a Jack and Jill bathroom. In addition, there is a separate fourth bedroom with a private bath. Separate game room or loft area and upstairs laundry room with sink. Vinyl plank flooring throughout except for bedrooms. FULL SIZED driveway for two additional cars. Rear yard has a 12x20 patio overlooking the lush lawn area. This community features a tot lot, VERY low HOA fee of ONLY $165/mo. Conveniently located just half a mile from Triangle Square and 2.8 miles to the beach! Buyer to cooperate in a 1031 tax free exchange at no cost to buyer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 4,661 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $165.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 2.6 |
| Square foot | 2,575 | 1,773.938 |
| Lot Size | 4,661 | 6,573.577 |
| Price | $1.85M | $1.69M |
| Price per sq ft | $718 | $976 |
| Built year | 2006 | 1961 |
| HOA | $165.0 | $342 |
| Days on market | 35 | 51 |
Pricing History
Listed for Sale
Aug 5, 2026
$1,850,000
Initial Listing
Sold
Oct 31, 2006
$892,500
Public Record