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
Property Price
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
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
Abraham Lincoln Elementary School
Grades K-6 • 1.0 mi
Roy O. Andersen Elementary School
Grades K-6 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,087 | 1,542 | 9% |
| Lot Size | 4,195 | 3,543 | 64% |
| Price | $2.29M | $2.80M | 33% |
| Price per sq ft | $2.1K | $1.9K | 64% |
| Built year | 2024 | 2018 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 128 | 186 | 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































