
Corona Del Mar, California 92625
This Vacant Duplex represents a High-Potential Investment Opportunity, listed at $5,350,000—positioned well below the $5,534,817 Fair Market Value by 3%. This valuation gap offers $184,817 in Instant Equity. Built in 2004 with a Condition Rating of 3, the property features private patios and separate utilities. Located near Top-Rated Schools like Harbor View Elementary and CdM High, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-yield coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 707 Larkspur Avenue Subject | $5,350,000* List Price | 0 | 0 | 3,108 | $1,781 | - |
A 603 Begonia Sold | $3,950,000 | 0 | 0 | 2,784 | $1,419 | 0.5 mi |
B 603 Begonia Sold | $3,950,000 | 6 | 4 | 2,784 | $1,419 | 0.5 mi |
C 430 Goldenrod Sold | $3,775,000 | 5 | 3 | 2,225 | $1,697 | 0.3 mi |
D 2614 Ocean Boulevard A+b Sold | $6,500,000 | 0 | 0 | 3,280 | $1,982 | 0.5 mi |
E 2614 Ocean Boulevard Sold | $6,500,000 | 5 | 5 | 3,280 | $1,982 | 0.5 mi |
F 503 Marguerite Active | $5,498,000 List Price | 0 | 0 | 2,802 | $1,962 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, the property falls into the 10-20 year range (approx. 22 years at listing date) and is described as beautifully maintained. The kitchen features functional custom cabinetry and stainless steel appliances, and the home is move-in ready with no visible structural or safety defects, though some finishes like tile countertops are slightly dated.
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
As a rare vacant duplex in Corona del Mar Village, this property offers exceptional flexibility for owner-users seeking rental income, multi-generational living, or a high-yield investment opportunity.
Built in 2004 and separated by private patios, these residences live like independent homes with separate utilities and laundry, offering a level of privacy seldom found in traditional duplexes.
While the property features a rooftop terrace, the water views are described as 'peek-a-boo,' which may be a limitation for buyers expecting expansive ocean vistas at this price point.
The parking configuration includes one-car carports for each unit rather than full two-car enclosed garages, which may be viewed as a compromise in the luxury coastal market.
VACANT duplex - 707 & 707½ Larkspur Avenue presents a rare opportunity to acquire a well-located duplex in the heart of Corona del Mar Village. Offered together and not available for separate purchase, the property provides exceptional flexibility for an owner-user, investor, or multi-generational living arrangement. Built in 2004 and beautifully maintained, the approximately 3,108 square-foot property comprises two thoughtfully designed residences that live more like separate homes than a traditional duplex. Separated by private patios that create a remarkable sense of privacy and independence, each residence enjoys its own laundry area and separate utilities, with four parking spaces in total - a one-car garage and one-car carport for each home. The front residence spans approximately 1,795 square feet and offers three bedrooms and two-and-one-half baths. An elevated front patio with a charming fountain and gas lamp fixtures welcomes guests, while French doors create a seamless connection between the living room and outdoor space. The custom kitchen, appointed with stainless steel appliances, opens to a dining area overlooking a private rear patio, complemented by a built-in desk, dry bar, generous pantry, and powder bath. Two fireplaces — one in the living room and one in the primary bedroom - add warmth and ambiance throughout. The second level holds the primary suite, with a custom-built closet, alongside two secondary bedrooms sharing a hall full bath. A private rooftop terrace crowns the home above, offering a peek-a-boo view of the water. The rear residence offers approximately 1,313 square feet with two bedrooms and two-and-one-half baths, with an open-concept living room and kitchen. Whether held as an investment, occupied while generating supplemental rental income, or utilized for multi-generational living, the property offers a range of ownership opportunities in one of Orange County's most sought-after coastal communities. Surrounded by the best of Corona del Mar Village - acclaimed dining, boutique shopping, pristine beaches, harbor activities, convenient freeway access, and nearby John Wayne Airport — the home is also in close proximity to the Community Youth Center and Grant Howald Park, and just steps to the OASIS Senior Center and Fitness Center. This exceptional offering invites you to invest in, live in, and enjoy the quintessential CdM lifestyle.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades K-6 • 0.9 mi
Grades K-6 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,108 | 2,784 |
| Lot Size | 3,540 | 3,537 |
| Price | $5.35M | $4.45M |
| Price per sq ft | $1.7K | $1.8K |
| Built year | 2004 | 1965 |
| HOA | $0 | $0 |
| Days on market | 22 | 144 |
Jun 30, 2026
$5,350,000
Initial Listing
Apr 12, 1996
$337,000
Public Record
Sep 8, 1994
$302,500
Public Record