5 months on rocket

316 Orchid Ave, Corona Del Mar, CA, 92625

$5,495,000

2 Bedrooms
1 Full Bath
965 SqFt
$5,694/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingGarage
Garage2 spaces
Year Built1941
HeatingFloor Furnace
CoolingNone
FireplaceLiving Room
ViewOcean
MLS #OC24129732
Lot Size0.12 Acres
StatusActive

About 316 Orchid Ave

Welcome to an unparalleled chance to secure an exceptionally rare oversized lot in the prestigious 300 block of Corona Del Mar’s Flower Streets. This unique property, spanning an impressive 45 feet in width and 118 feet in depth, offers a generous 5,310 square feet of prime real estate. An invitation to realize your dream home in one of Southern California's most sought-after neighborhoods. This remarkable lot presents an abundance of possibilities for you to unleash your creativity and design a sanctuary that reflects your personal style and aspirations. Picture waking up to the soothing sound of waves and indulging in awe-inspiring ocean panoramas just a block from your doorstep. This opportunity offers a lifetime of cherished memories and an extraordinary lifestyle in the coastal haven of Corona del Mar. Just steps from the ocean, acclaimed schools, premier golf courses, upscale shopping, renowned dining, and the prestigious Fashion Island, this location offers the epitome of luxury and convenience.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow, Ranch
  • Year Built: 1941
  • Stories: 1
  • Living Area: 965 SqFt

Listing Office:

  • Office Name: Douglas Elliman of California
  • Office Phone: (949) 607-9656
  • Listing Agent: Zachary Balaban

Interior Features

Interior Information:

  • Appliances: Range, Gas Cooktop, Gas Range
  • Flooring Type: Vinyl
  • Interior: Breakfast Bar, Bedroom on Main Level
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Ocean

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Garage

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Floor Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: PCH turn on Orchid Ave towards the beach

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,495,000
  • Price Per SqFt: $5,694/SqFt

Tax Information:

  • Annual Amount: $18,624
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Corona Del Mar, CA.

Med. Sold Price

$3.8M

Med. Price/SqFt

$1,781

Avg. Days On Market

31

# of Sold Homes

11

316 Orchid Ave vs Corona Del Mar

173 DAYS ON ROCKET

+142 Days

$5,495,000

+$1.6M More

$5,694/SqFt

+$3.9K More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price and $3.9K/SqFt more than other homes in Corona Del Mar, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24129732

Listing Office:

  • Office Name: Douglas Elliman of California
  • Office Phone: (949) 607-9656
  • Listing Agent: Zachary Balaban

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 10, 2011Home Sold
$1,440,000

Tax History

YEARPROP. TAXASSESSMENT
2021$18,624$1,735,552
2020$18,445$1,717,757
2019$17,705$1,684,076
2018$17,706$1,651,055
2017$17,393$1,618,682

History based on county public records data.

Payment Calculator

$27.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$16.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4333035
9
/10
  • Harbor View Elementary School

  • 900 Goldenrod Ave

  • 0.64 miles

  • Public District Grades KG-6

school-card-donut-4333036
8
/10
  • Lincoln Elementary School

  • 3101 Pacific View Dr

  • 1.24 miles

  • Public District Grades KG-6

school-card-donut-4333037
8
/10
  • Andersen Elementary School

  • 1900 Port Seabourne Way

  • 2.04 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $215,948. Most Corona Del Mar, CA residents have annual incomes $200k+. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 316 Orchid Ave

What is the listing price of this property?

The listing price of 316 Orchid Ave property is $5,495,000.

What type of property is this?

The property 316 Orchid Ave is a house located in Corona Del Mar, California, 92625.

Is this property for sale now?

Active Listing: 316 Orchid Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $18,624 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 10, 2011 for $1,440,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 316 Orchid Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 316 Orchid Ave is 965 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 316 Orchid Ave is 1941.
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Rocket HomesCaliforniaOrange CountyCorona Del Mar92625316 Orchid Ave

This home is located at 316 Orchid Ave in Corona Del Mar, CA and zip code 92625 in the Flower Streets / Corona del Mar Village neighborhood. This 965 square foot home, which was built in 1941, sits on a 0.12 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 27, 2024 and is currently priced at $5,495,000.

In November 2024 more than 2 listings in Corona Del Mar, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 7 were sold below. Listings spent 31 days on the market in November 2024, and had a median list price of $3,880,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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