520 Iris, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 6 bed, 4 bath
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520 Iris
Corona Del Mar, California 92625
ACTIVE
CONDITION: EXCELLENT
6Beds
4Baths
3,649Sq Ft
3,485Lot Size
Property Price
LIST PRICE$4,800,000
EST. MARKET VALUE
$4,800,000
SUMMARY
This Turnkey Residential Income Property is listed at $5,595,000, aligning perfectly with its $5,595,000 Fair Market Value. Reimagined in 2023, this Mint Condition duplex features French white oak flooring, Viking appliances, and a rare 225-square-foot basement. Located in the prestigious Newport Mesa Unified district near top-rated schools like Roy O. Andersen Elementary, the property offers a sophisticated coastal lifestyle with panoramic views and expansive decks. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end, income-generating asset in Corona Del Mar.
Estimated Market Value
$4,800,000
Based on Realkey algorithm analyzing recent comparable sales in Corona Del Mar.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 520 Iris Subject 6 bd · 4 ba · 3,649 sqft · $1,315 | $4,800,000* List Price | 6 | 4 | 3,649 | $1,315 | - |
A 603 Begonia Sold 6 bd · 4 ba · 2,784 sqft · $1,419 · 0.4 mi | $3,950,000 | 6 | 4 | 2,784 | $1,419 | 0.4 mi |
B 602 602.5 Marguerite 2 Active 6 bd · 6 ba · 3,032 sqft · $1,600 · 0.2 mi | $4,850,000 List Price | 6 | 6 | 3,032 | $1,600 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a comprehensive high-end remodel in 2023, effectively providing a brand-new construction feel. It features premium Viking appliances, French white oak flooring, custom cabinetry, and modern designer bathrooms, meeting the criteria for mint condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Roy O. Andersen Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Grandfathered Scale and Square Footage
At 3,649 square feet, this oversized duplex offers a rare scale and volume that cannot be replicated under current building codes, providing a significant competitive advantage in the Village.
- Turnkey 2023 Remodel
The property was completely reimagined in 2023 with high-end finishes, including French white oak flooring and New Tech siding, offering the aesthetics and reliability of brand-new construction.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3649, other record living area = 3526. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
- Market Momentum
The property has been on the market for over 100 days and has undergone two price reductions, suggesting the initial list price exceeded current market expectations for the area.
- North of PCH Location
While central to shops and dining, the location north of the Pacific Coast Highway typically commands lower premiums than the more coveted 'South of PCH' ocean-side blocks.
About 520 Iris
TWO DISTINCT RESIDENCES. ONE EXCEPTIONAL COASTAL ADDRESS. AN OPPORTUNITY NOT TO BE MISSED. SELLING BY AUCTION | OWNER’S INSTRUCTIONS ARE CLEAR | 14-DAY SALE CAMPAIGN What if your next property offered more than a place to live? Imagine the freedom to bring family together, generate potential income, invest in your future, or embrace a new way of coastal living. Welcome to 520 Iris Avenue, Corona del Mar. Beautifully reimagined and thoughtfully remodeled, this distinctive property offers approximately 3,649 square feet across two separate three-bedroom residences, combining coastal sophistication, versatility, and long-term opportunity. For multigenerational families, enjoy the privilege of living close to loved ones while preserving the privacy and independence of separate residences. For homeowners, embrace the Corona del Mar lifestyle while exploring the potential for rental income from the second residence. For investors, discover the appeal of two residences within one property in one of Southern California’s most desirable coastal communities. Situated in the heart of Corona del Mar Village, 520 Iris Avenue places you moments from charming cafés, acclaimed restaurants, boutique shopping, and the breathtaking coastline. Yet what truly distinguishes this property extends beyond its beautifully remodeled interiors and coveted location. It’s the possibilities. YOUR OPPORTUNITY IS NOW. The owner has issued firm instructions to sell and authorized a focused 14-day auction campaign through Sellers Reserve. Unlike a traditional open-ended listing, this property is being offered through a defined, time-sensitive competitive sale process, bringing interested buyers together within a limited window of opportunity. The auction date is set. The campaign is underway. The opportunity to act is limited. Whether you’re seeking a sophisticated coastal residence, a multigenerational living arrangement, or a compelling investment opportunity, 520 Iris Avenue deserves your immediate attention. ONE ADDRESS. MORE POSSIBILITIES. ONE OPPORTUNITY. Presented by Bud Mastrapolo | Ocean Collective Auction and marketing campaign powered by Sellers Reserve. Sale subject to published auction terms and seller’s reserve, if applicable.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1973
- Lot Size
- 3,485 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Corona Del Mar Unified Schools
Harbor View Elementary School
Grades PK-6 • 0.3 mi
9/10
Abraham Lincoln Elementary School
Grades K-6 • 1.0 mi
7/10
Roy O. Andersen Elementary School
Grades K-6 • 1.7 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 4.0 | 2.5 |
| Square foot | 3,649 | 2,064 |
| Lot Size | 3,485 | 3,511 |
| Price | $4.80M | $3.71M |
| Price per sq ft | $1.3K | $2.1K |
| Built year | 1973 | 1959 |
| HOA | $0 | $0 |
| Days on market | 165 | 68 |
Pricing History
Listed for Sale
Oct 23, 2026
$4,800,000
$5,495,000
-13% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$5,495,000
$5,595,000
-2% Price Drop
Initial Listing
Price Change
Jul 21, 2026
$5,595,000
$5,690,000
-2% Price Drop
Initial Listing
Price Change
Jun 21, 2026
$5,690,000
$5,795,000
-2% Price Drop
Initial Listing
Price Change
May 13, 2026
$5,795,000
Initial Listing
Sold
Sep 29, 2023
$4,850,000
Public Record
Sold
Aug 2, 2021
$2,500,000
Public Record
Sold
May 29, 1998
$585,000
Public Record