521 1/2 Iris, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 2 bed, 3 bath

521 1/2 Iris, Corona Del Mar, California 92625 home-pic-0

521 1/2 Iris

Corona Del Mar, California 92625

ACTIVE
CONDITION: EXCELLENT
2Beds
3Baths
1,087Sq Ft
4,195Lot Size

Property Price

LIST PRICE$2,295,000

SUMMARY

Analysis of 521 1/2 Iris, Corona Del Mar, California 92625 is currently available with a list price of $2,295,000. 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.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property is a brand-new construction, built in 2024, featuring modern design and high-end finishes throughout. The kitchen boasts Thermador appliances, quartz countertops, and white oak cabinetry, while the bathrooms showcase contemporary floating vanities, custom tilework, and frameless glass showers. All components are new, meeting current quality standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).

  • Prime Coastal Village Location

    Situated in the highly desirable Corona del Mar Village, offering exceptional walkability to local cafés, world-class beaches, boutique shops, and proximity to Fashion Island and Laguna Beach.

  • Brand New Construction with Modern Design

    Built in 2024, this property boasts contemporary architecture, an open-concept layout, and is equipped with state-of-the-art systems and finishes, ensuring a move-in ready experience.

CONSRISKS & DEFICIENCIES

  • Compact Living Space for Price Point

    With approximately 1,100 square feet, the living space is relatively compact for a 2-bedroom unit, especially considering the premium price point in Corona del Mar.

  • Back Unit Condominium Configuration

    As a 'back unit' condominium, it may offer less natural light, reduced privacy, and potentially higher HOA fees compared to a traditional single-family home, which might not suit all buyer preferences.

  • Multi-Level Layout (Three Stories)

    The property is spread across three levels, which, while maximizing space, involves frequent stair use that could be a consideration for buyers seeking single-level living or those with mobility concerns.

About 521 1/2 Iris

The Flower Streets, Tucked into the heart of Corona del Mar’s Village, 521 ½ Iris Avenue blends modern design with the relaxed charm of coastal living. This brand-new back unit built in 2024 is more than a home—it’s a lifestyle. Wake up and stroll to local cafés, spend afternoons at world-class beaches just blocks away, and enjoy evenings on your rooftop patio with panoramic city-light views. The residence offers approximately 1,100 square feet across three levels, with two bedrooms and two-and-a-half baths. An open-concept main level flows seamlessly from the living and dining areas into the kitchen and out to a covered deck, creating an effortless indoor/outdoor vibe. Thoughtfully designed with details like wide-plank white oak flooring, vaulted ceilings, custom tilework, accent walls, and indoor/outdoor audio, the home combines comfort with sophistication. The one-car garage features epoxy flooring and a modern glass roll-up door, complemented by an additional covered parking space. The chef-inspired kitchen showcases quartz countertops, white oak cabinetry, Thermador appliances—including a built-in refrigerator—open shelving, and a pot filler. Upstairs, the primary suite offers a private balcony, a walk-in closet, dual sinks, and a floating vanity. Clean, contemporary architecture enhances the exterior, while the unbeatable location puts you close to Fashion Island, Laguna Beach, boutique shops, top-rated schools, and the vibrant everyday energy of the Village.

Property Details

Public Facts

Property Type
Condominium
Year Built
2024
Lot Size
4,195 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
3 (3 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
36%
Baths3.03.0
50%
Square foot1,0871,542
9%
Lot Size4,1953,543
64%
Price$2.29M$2.80M
33%
Price per sq ft$2.1K$1.9K
64%
Built year20242018
73%
HOA$0$0
50%
Days on market128186
27%

Pricing History

Listed for Sale

Jan 27, 2026

$2,295,000

$2,350,000

-2% Price Drop

Initial Listing

Price Change

Dec 6, 2025

$2,350,000

$2,375,000

-1% Price Drop

Initial Listing

Price Change

Oct 30, 2025

$2,375,000

Initial Listing

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