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602 Iris Avenue, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 3 bed, 5 bath

602 Iris Avenue, Corona Del Mar, California 92625 home-pic-0
ACTIVE$4,495,000
602 Iris Avenue, Corona Del Mar, California 92625
3Beds
5Baths
2,750Sqft
3,540Lot
Year Built
2023
Close
-
List price
$4.5M
Original List price
$4.59M
Price/Sqft
$1,635
HOA
-
Days on market
-
Sold On
-
MLS number
NP25017641
Home ConditionExcellent
Features
Good View: City Lights, Neighborhood, Peek-A-Boo
Deck
ViewCity Lights,Neighborhood,Peek-A-Boo

About this home

We found 3 Cons,6 Pros. Rank: price - $4.50M(90th), sqft - 2750(94th), beds - 3(50th), baths - 5(94th).

Least expensive new construction condo per SF in all of CdM! Welcome home to this modern masterpiece with a rare entertainers’ basement level. This 3-bedroom front home boasts a fantastic floor plan with seamless indoor-outdoor space. All bedrooms offer ensuite baths with the bonus of 2 guest powder rooms. The gourmet open concept kitchen feature natural quartzite counters, Thermador appliances, wine refrigeration tower, custom Cleaf Evolve blond cabinetry and Porcelanosa tile floors. Upstairs the main bedroom and bath receive plenty of light through the large sliding doors and windows. The premier suite features an expansive walk-in closet that is a shopper’s dream! The elevator services all floors including the rooftop deck for easy access. On the enormous roof deck, you will find everything you need to entertain your guests, with sweeping views of the city. The versatile basement area with tall ceilings can be used as a gym, theatre, a wine cellar, or sports recreation room. This home has significant storage space, four outdoor areas including a spacious front patio with firepit and beautiful landscaping. This home lives very much like a single family home in size and privacy. Don’t miss out on this rare diamond in the heart of the Corona del Mar flower streets!

Nearby schools

9/10
Harbor View Elementary School
Public,•PK-6•0.3mi
7/10
Abraham Lincoln Elementary School
Public,•K-6•1.0mi
9/10
Roy O. Andersen Elementary School
Public,•K-6•1.7mi
9/10
Newport Coast Elementary School
Public,•PK-6•2.7mi
9/10
Corona Del Mar High School
Public,•7-12•2.5mi
Condition Rating
Excellent
This property was built in 2023, making it brand new construction. The description explicitly states it's a 'modern masterpiece' with a 'gourmet open concept kitchen' featuring 'natural quartzite counters, Thermador appliances, wine refrigeration tower, custom Cleaf Evolve blond cabinetry and Porcelanosa tile floors.' All bedrooms have ensuite baths, and the images confirm a consistent, high-end, contemporary design throughout, including modern light fixtures, pristine flooring (tile and hardwood), and state-of-the-art bathroom finishes with freestanding tubs and rain showers. There is no deferred maintenance or physical depreciation visible, aligning perfectly with the 'excellent' criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
New Construction & Modern Luxury: Built in 2023, this property is a modern masterpiece featuring high-end finishes, gourmet kitchen with Thermador appliances, custom cabinetry, and natural quartzite counters, offering contemporary living.
Prime Corona del Mar Location: Situated in the highly desirable 'flower streets' of Corona del Mar, north of PCH, providing access to a prestigious coastal lifestyle and amenities.
Exceptional Entertainment & Lifestyle Features: Boasts a rare versatile entertainers' basement (gym, theatre, wine cellar), an enormous rooftop deck with city views, an elevator servicing all floors, and four distinct outdoor areas including a front patio with a firepit.
Spacious & Private Living: With 2750 sqft, 3 bedrooms, and 5 baths (all ensuite plus two powder rooms), the home offers significant space and privacy, designed to 'live very much like a single family home'.
Strong Value Proposition: Marketed as the 'least expensive new construction condo per SF in all of CdM', presenting a compelling value for a brand new luxury property in this exclusive area.

Cons

Condominium Ownership: Despite its single-family home feel, the property is a condominium, which typically involves Homeowners Association (HOA) fees and potential shared property regulations or restrictions.
Limited Ocean Views: While offering city and neighborhood views, the property does not explicitly feature panoramic ocean views, which are often a premium and highly sought-after amenity in the Corona del Mar market, with only 'Peek-A-Boo' views mentioned.
Potential for Shared Property Aspects: As a 'front home' condominium, there may be shared elements or proximity to other units that, despite claims of privacy, might not fully satisfy a buyer seeking a completely detached single-family experience.

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