600 Orchid, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 3 bed, 5 bath
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Corona Del Mar, California 92625
This property presents a High-Potential Investment Opportunity with a List Price of $4,200,000—positioned well below the $4,794,620 Fair Market Value by 12%. This valuation gap offers $594,620 in Instant Equity for buyers. With a Condition Rating of 6, the asset is primed for redevelopment on its Prime Corner Location in the Flower Streets. Benefiting from Top-Rated Schools like Harbor View Elementary, this is a strategic acquisition ideal for Luxury Developers or Buy-and-Hold Investors seeking significant upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 600 Orchid Subject | $4,200,000* List Price | 3 | 5 | 2,700 | $1,776 | - |
A 501 Poinsettia Avenue Sold | $3,750,000 | 3 | 2 | 1,990 | $1,884 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1955 and exceeding the 50-year threshold without recorded renovations, this property is explicitly marketed as a 'development opportunity' for future luxury homes, indicating the value lies in the land rather than the existing structure.
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated on the corner of Orchid and Third Avenues in the prestigious Flower Streets, this southwest-facing lot maximizes natural light and offers superior street-front access for future builds.
The flat 30x118 foot parcel, enhanced by a 6-foot city easement, provides a versatile footprint for constructing high-end luxury residences in a high-demand coastal market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2700, other record living area = 820. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Despite its proximity to the coast, the property is noted as having no views, which may limit its competitive edge compared to other multi-million dollar listings in the immediate area.
The existing structure dates back to 1955, meaning the primary value lies in the land, requiring buyers to factor in the significant costs of demolition or total redevelopment to realize the property's full potential.
THE ULTIMATE DEVELOPMENT OPPORTUNITY. RESTING ON THE CORNER OF ORCHID AND THIRD AVENUES, 600 ORCHID IS THE PERFECT LOCATION IN THE FLOWER STYREETS OF CORONA DEL MAR. IT FACES SOUTHWEST AND HAS MORNING AND AFTERNOON SUN AND IS THE OPTIMUM CORNER OF ANY STREET. THE PARCEL IS FLAT AND ALLOWS THE ABILITY TO HAVE BOTH FUTURE LUXURY HOMES WITH STREET FRONT ACCESS ON THE SUNNY SIDE. THE LOT IS 30FT BY 118 FEET BUT HAS A 6 FOOT CITY EASEMENT NEXT TO IT ON THIRD AVENUE WHICH MAKES THE PROPERTY SEEM LARGER. THE PROPERTY IS TWO BLOCKS FROM PACIFIC COAST HWY AND FOUR BLOCKS FROM THE RAMP DOWN TO CDM BEACH. THE LOCATION HAS AMPLE STREET PARKING ALL YEAR ROUND INCLUDING THE BUSY SUMMER MONTHS. IT IS A QUIET LOCATION BUT CLOSE TO ALL THE AMENITIES CORONA DEL MAR VILLAGE AND NEWPORT BEACH HAVE TO OFFER.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades K-6 • 1.0 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 2,700 | 2,784 |
| Lot Size | 3,528 | 3,537 |
| Price | $4.20M | $4.45M |
| Price per sq ft | $1.6K | $1.8K |
| Built year | 1955 | 1965 |
| HOA | $0 | $0 |
| Days on market | 9 | 144 |
Jul 13, 2026
$4,200,000
Initial Listing