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503 Marguerite, Corona Del Mar, California 92625, Corona Del Mar, 92625 - bed, bath

503 Marguerite, Corona Del Mar, California 92625 home-pic-0
ACTIVE$5,500,000$2,800/sqft
503 Marguerite, Corona Del Mar, California 92625
0Bed
0Bath
2,800Sqft
3,537Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 2598.

Compared to the nearby listings

Price:$5.50M vs avg $3.22M (+$2,280,000)89%
Size:2,800 sqft vs avg 2,350 sqft78%
Price/sqft:$2.0K vs avg $1.5K56%

More Insights

Built in 1970 (56 years old).
Condition: This duplex, originally built in 1970, underwent a complete and extensive renovation in 2020, placing it well within the 'extensively renovated within 5 years' criterion for an excellent score. The images showcase modern, high-end finishes throughout, including a contemporary kitchen with glossy white cabinetry, marble-look Corian countertops, stainless steel appliances, and recessed lighting. Bathrooms feature modern floating vanities, vessel sinks, and stylish fixtures. Vinyl flooring is consistent throughout both units, and the exterior, including the roof and stucco, was also updated in 2020. All visible components appear new or virtually new, reflecting current quality standards with no deferred maintenance.
Year Built
1970
Close
-
List price
$5.5M
Original List price
$5.5M
Price/Sqft
$1,964
HOA
-
Days on market
-
Sold On
-
MLS number
NP25280111
Home ConditionExcellent
Features
Deck
ViewNeighborhood

About this home

THIS PROPERTY IS PERMITTED FOR SHORT TERM RENTAL. Absolutely Stunning Duplex in the Heart of Corona del Mar. This exceptional duplex offers the perfect blend of luxury, comfort, and coastal lifestyle. Completely renovated in 2020, both units showcase thoughtful design, modern finishes, and seamless indoor/outdoor living. The front unit features 3 spacious bedrooms and 2.5 baths, an open-concept floor plan, a skylight to bring in the days sunshine and striking folding glass sliders that open to a gated front patio, an ideal space to relax, entertain, and enjoy the charm of the neighborhood. The rear unit (Unit B) offers 2 bedrooms and 2 full baths with an open layout and a private deck off the living room, perfect for outdoor enjoyment. The Roof and soft stucco exterior was done in 2020 during the renovation. Both units are appointed with vinyl flooring throughout, Corian countertops, and appliances purchased when property was renovated, and each have their own laundry. The property also benefits from ample street parking, adding to its everyday convenience. Enjoy unparalleled access to Corona del Mar’s vibrant lifestyle with walkability to local restaurants, gyms, and coffee shops, and just a short drive to Laguna Beach, Fashion Island, John Wayne Airport, and South Coast Plaza. This remarkable duplex truly exemplifies the pinnacle of luxury and the essence of coastal living, a rare and exceptional opportunity not to be missed. APPRAISERS SKETCH IS IN PHOTO'S.

M
Mehdi Khosh
Listing Agent

Nearby schools

9/10
Harbor View Elementary School
Public,•PK-6•0.4mi
7/10
Abraham Lincoln Elementary School
Public,•K-6•1.0mi
9/10
Roy O. Andersen Elementary School
Public,•K-6•1.8mi
9/10
Newport Coast Elementary School
Public,•PK-6•2.7mi
9/10
Corona Del Mar High School
Public,•7-12•2.6mi

Price History

Date
Event
Price
09/23/20
Sold
$1,900,000
Condition Rating
Excellent
This duplex, originally built in 1970, underwent a complete and extensive renovation in 2020, placing it well within the 'extensively renovated within 5 years' criterion for an excellent score. The images showcase modern, high-end finishes throughout, including a contemporary kitchen with glossy white cabinetry, marble-look Corian countertops, stainless steel appliances, and recessed lighting. Bathrooms feature modern floating vanities, vessel sinks, and stylish fixtures. Vinyl flooring is consistent throughout both units, and the exterior, including the roof and stucco, was also updated in 2020. All visible components appear new or virtually new, reflecting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Prime Coastal Location & Walkability: Situated in the 'Heart of Corona del Mar' with exceptional walkability to local amenities (restaurants, gyms, coffee shops) and short drives to major attractions like Laguna Beach and Fashion Island.
High Income Potential: A fully renovated duplex explicitly permitted for short-term rentals, offering significant income generation opportunities through flexible rental strategies.
Extensive Modern Renovation: Comprehensive renovation in 2020, including roof, stucco exterior, modern finishes, vinyl flooring, Corian countertops, and new appliances, ensuring low immediate maintenance and contemporary appeal.
Thoughtful Unit Design & Outdoor Living: Both units feature open-concept layouts, modern amenities, and private outdoor spaces (gated front patio, private deck), enhancing livability and tenant appeal.
Access to Top-Rated Schools: Located within a highly desirable school district with several top-rated elementary and high schools nearby, appealing to families.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 2598.
Substantial Price Increase: The property's list price of $5.5M represents a significant increase from its 2020 sale price of $1.9M, potentially raising questions about market value justification or perceived overpricing.
Original Construction Year: Despite extensive renovations, the property's original construction year of 1970 may imply older underlying infrastructure (e.g., plumbing, electrical) not explicitly stated as fully replaced, which could be a long-term concern for some buyers.
Limited Premium Views: While offering a 'Neighborhood' view, the property lacks the highly sought-after panoramic ocean or city light views often associated with premium Corona Del Mar properties, potentially affecting its competitive position.
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