716 1/2 Orchid Avenue, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 2 bed, 3 bath
Loading property details...
716 1/2 Orchid Avenue
Corona Del Mar, California 92625
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
2Beds
3Baths
1,138Sq Ft
0Lot Size
Property Price
LIST PRICE$2,875,000
EST. MARKET VALUE
$2,689,727
6% AboveMARKET VALUE
SUMMARY
This Turnkey Coastal Residence represents a High-Potential Investment Opportunity, listed at $2,995,000. While priced above the $2,762,454 Fair Market Value, the property commands a premium for its 2023 Construction and Coveted Short-Term Rental Permit. Featuring a Rooftop Deck with Ocean Views and high-end finishes, this home offers an immediate, income-generating asset in the heart of Corona del Mar. With proximity to Top-Rated Schools like Harbor View Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury, low-maintenance coastal lifestyle.
Estimated Market Value
$2,689,727
Based on Realkey algorithm analyzing recent comparable sales in Corona Del Mar.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 716 1/2 Orchid Avenue Subject | $2,875,000* List Price | 2 | 3 | 1,138 | $2,364 | - |
A 709 1/2 Larkspur 1 Sold | $2,895,000 | 2 | 3 | 1,208 | $2,397 | 0.3 mi |
B 1/2 Fernleaf Avenue Sold | $2,990,000 | 2 | 3 | 1,275 | $2,345 | 0.6 mi |
C 518 Poinsettia Avenue B Sold | $2,900,000 | 2 | 3 | 1,321 | $2,195 | 0.1 mi |
D 512 1/2 Marigold Avenue Sold | $2,815,000 | 2 | 3 | 1,200 | $2,346 | 0.2 mi |
E 605 1/2 Carnation Sold | $3,137,500 | 2 | 3 | 1,269 | $2,472 | 0.7 mi |
F 718 1/2 Poinsettia Sold | $2,550,000 | 2 | 3 | 1,364 | $1,870 | 0.1 mi |
G 611 1/2 Narcissus Avenue Sold | $2,500,000 | 2 | 3 | 1,324 | $1,888 | 0.1 mi |
H 305 .5 Fernleaf Sold | $3,335,000 | 2 | 4 | 1,401 | $2,380 | 0.6 mi |
I 715 1/2 Poinsettia Active | $3,350,000 List Price | 2 | 3 | 1,209 | $2,771 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This property was built in 2023, making it nearly brand new and well within the under-10-year threshold for excellent condition. The listing and images confirm high-end luxury finishes, modern kitchen and bath designs, and contemporary systems that require no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Short-Term Rental Potential
The property includes a rare and coveted short-term rental permit in the heart of Corona del Mar, offering an exceptional turnkey investment opportunity with immediate income potential.
- Modern Luxury Design
Built in 2023 and designed by Jazzar, this home features high-end coastal finishes, expansive skylights, and a rooftop deck with panoramic views of Catalina Island and the Pacific Ocean.
CONSRISKS & DEFICIENCIES
- High Price Per Square Foot
With a list price of $2,995,000 for 1,138 square feet, the property commands a significant premium of over $2,600 per square foot, which may be a deterrent for value-focused buyers.
- Limited Interior Scale
The compact two-bedroom footprint and '1/2' address indicate a rear-unit configuration, which typically offers less square footage and privacy than a traditional front-unit residence.
About 716 1/2 Orchid Avenue
This fully furnished luxury residence comes complete with a coveted short term rental permit in the heart of Corona del Mar Village. Thoughtfully designed in 2023 by Jazzar with elevated finishes, timeless coastal sophistication, and an abundance of natural light, this 2 bedroom, 2 1/2 bathroom home offers an effortless blend of luxury and relaxed coastal living. Expansive skylights brighten the interiors, while the beautifully designed kitchen flows seamlessly into the family room and private indoor-outdoor living space creating an inviting setting for both entertaining and everyday comfort. The primary suite offers a serene retreat with refined detailing and a luxurious, boutique hotel feel. Upstairs, the secondary bedroom features a private balcony with ocean views, while the rooftop deck captures breathtaking coastal sunsets and timeless views of Catalina. Perfectly positioned within walking distance to Corona del Mar Village’s renowned restaurants, boutiques, cafes, and world-class beaches, this home embodies the ultimate walkable coastal lifestyle and an exceptional investment opportunity in one of Orange County’s most desirable seaside communities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2023
- Lot Size
- -
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 • 0.5 mi
9/10
Abraham Lincoln Elementary School
Grades K-6 • 0.9 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
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,138 | 1,438.733 |
| Lot Size | - | 10,066.6 |
| Price | $2.88M | $2.97M |
| Price per sq ft | $2.5K | $1.9K |
| Built year | 2023 | 2011 |
| HOA | $0 | $943 |
| Days on market | 50 | 83 |
Pricing History
Listed for Sale
Aug 25, 2026
$2,875,000
$2,950,000
-3% Price Drop
Initial Listing
Price Change
Aug 11, 2026
$2,950,000
$2,995,000
-2% Price Drop
Initial Listing
Price Change
Jul 21, 2026
$2,995,000
Initial Listing
Sold
Nov 22, 2021
$2,900,000
Public Record
Sold
Jan 27, 2021
$2,010,000
Public Record