
Corona Del Mar, California 92625
Analysis of 520 Iris, Corona Del Mar, California 92625 is currently available with a list price of $5,795,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Corona Del Mar 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.
Property is new construction or fully renovated.
The property underwent a full-scale remodel in 2023, placing it well within the <5-year renovation window for an Excellent rating. It features high-end Viking stainless steel appliances, custom cabinetry, waterfall quartz/granite countertops, and French white oak flooring. The bathrooms are modern with designer tile and fixtures, and the exterior uses durable New Tech siding, reflecting a mint-condition, maintenance-free residence.
Elementary School: Roy O. Andersen Elementary School (9/10). High School: Corona Del Mar High School (9/10).
At 3,649 square feet, this oversized duplex offers a rare scale and interior volume that exceeds current building codes, providing significantly more living space than modern replacement structures in the Village.
The property was meticulously reimagined in 2023 with high-end finishes, including French white oak flooring and New Tech siding, offering the turn-key appeal and aesthetic of brand-new construction.
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.
The property features only a two-car garage to serve two large three-bedroom units, which may present a challenge for multi-car households in the high-density Corona del Mar Village.
With a list price near $5.8 million, the acquisition cost may result in a lower capitalization rate for pure investors compared to other residential income opportunities in the region.
Experience refined coastal living in this fully remodeled, grandfathered oversized duplex on a prime corner lot in the heart of the Village. Reimagined in 2023 with meticulous attention to detail, this exceptional property delivers the feel of brand-new construction, while offering a scale and square footage that simply can’t be replicated today. Spanning 3,649 square feet, the residence features two expansive units, each thoughtfully designed with high-end finishes, open-concept layouts, and seamless indoor-outdoor living. Enjoy spacious patios and balconies, a turfed entertainment deck, an oversized two-car garage, and a rare 225-square-foot basement, an uncommon bonus in this area. The lower unit is a standout 3-bedroom, 2.5-bath home offering 1,873 square feet, highlighted by soaring 10-foot ceilings in the kitchen and 9-foot ceilings in the living area. Upstairs, the 1,776-square-foot unit includes 3 bedrooms and 2 baths, plus a versatile laundry room that can be converted into a powder room. Its expansive outdoor deck serves as an additional living space, perfect for entertaining, dining, or relaxing by the fire pit. Both units feature French white oak flooring, custom cabinetry, granite countertops, stainless steel appliances, and drought-tolerant landscaping. The exterior is finished with striking New Tech siding for lasting durability and low maintenance. Positioned on a coveted corner, the home is filled with natural light from sunrise to sunset. This rare investment opportunity allows for flexible living, occupy one unit while generating income from the other. Ideally located just steps from the beach, shops, and local dining, and minutes from premier destinations and major conveniences, this property captures the essence of elevated California coastal living. A truly one-of-a-kind offering, don’t miss your chance to own it.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades K-6 • 1.0 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 82% |
| Baths | 4.0 | 2.0 | 64% |
| Square foot | 3,649 | 2,645 | 82% |
| Lot Size | 3,485 | 3,542 | 18% |
| Price | $5.79M | $3.75M | 64% |
| Price per sq ft | $1.6K | $1.9K | 27% |
| Built year | 1973 | 1968 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 117 | 18% |
May 13, 2026
$5,795,000
Initial Listing
Sep 29, 2023
$4,850,000
Public Record
Aug 2, 2021
$2,500,000
Public Record
May 29, 1998
$585,000
Public Record