3 months on rocket

507 Orchid Ave, Corona Del Mar, CA, 92625

$5,395,000

4 Bedrooms
4 Full Baths, 1 Partial
2,900 SqFt
$1,860/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Direct Access, Garage, Garage Faces Rear, Storage
Attached Garage2 spaces
Year Built2016
HeatingForced Air
CoolingCentral Air
FireplaceLiving Room, Primary Bedroom
ViewCity Lights
MLS #NP24127371
Lot Size0.08 Acres
StatusActive

About 507 Orchid Ave

This distinguished 4-bedroom, 4.5-bathroom single family residence by renowned builders Patterson Custom Homes showcases a masterful blend of architectural innovation and contemporary elegance. The grandeur begins with soaring ceilings and wide plank oak floors that define the expansive living room, complemented by a fireplace with a tasteful mantel and disappearing glass doors leading to the verdant front yard. The gourmet kitchen is a culinary masterpiece, featuring premier appliances, a 6-burner plus griddle range, a charming country-style sink, custom cabinetry, and a substantial island with a breakfast bar overlooking the dining room and disappearing doors to the central courtyard. On the main floor, an ensuite guest room offers comfort and privacy, alongside ample storage options and a two-car garage with epoxy flooring and practical storage solutions. An elevator provides convenient access to all levels of the home. Upstairs, the master suite epitomizes luxury living with a spacious walk-in closet, a spa-inspired bathroom, an inviting fireplace, vaulted ceilings, and a balcony with captivating city views. Additional ensuite bedrooms, a laundry room, and an office complete this level with seamless functionality. Embrace quintessential Corona del Mar living from the sprawling rooftop deck with a generous covered cabana, perfect for entertaining or relaxing amidst the coastal breeze. This distinctive residence embodies the essence of Corona del Mar lifestyle, offering proximity to renowned beaches, top-rated schools, fine dining, and premier shopping destinations.

Property Details

Property Features

Property Information:

  • Year Built: 2016
  • Stories: 3
  • Living Area: 2,900 SqFt

Listing Office:

  • Office Name: Christie's International R.E. Southern California
  • Office Phone: (949) 702-7211
  • Listing Agent: Casey Lesher

Interior Features

Interior Information:

  • Appliances: Range, Dishwasher, Gas Cooktop, Disposal, Gas Range, Refrigerator
  • Flooring Type: Wood
  • Interior: Breakfast Bar, Built-in Features, Balcony, Cathedral Ceiling(s), Separate/Formal Dining Room, Furnished, High Ceilings, Open Floorplan, See Remarks, Bedroom on Main Level, Entrance Foyer, Main Level Primary, Multiple Primary Suites, Primary Suite, Walk-In Closet(s)
  • Fireplace: Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Door-Multi, Direct Access, Garage, Garage Faces Rear, Storage

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Corona Del Mar High School, Public District Grades 7-12
  • Harbor View Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Cross Streets: Second Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,395,000
  • Price Per SqFt: $1,860/SqFt

Tax Information:

  • Annual Amount: $41,793
  • 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

48

# of Sold Homes

15

507 Orchid Ave vs Corona Del Mar

118 DAYS ON ROCKET

+70 Days

$5,395,000

+$1.5M More

$1,860/SqFt

+$79 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $79/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: #NP24127371

Listing Office:

  • Office Name: Christie's International R.E. Southern California
  • Office Phone: (949) 702-7211
  • Listing Agent: Casey Lesher

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: 10/18/2024, 12:55:54 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

Jul 13, 2016Home Sold
$3,672,500
May 01, 2015Home Sold
$1,600,000

Tax History

YEARPROP. TAXASSESSMENT
2021$41,793$3,937,646
2020$41,392$3,897,271
2019$39,719$3,820,854
2018$39,720$3,745,936
2017$39,016$3,672,487

History based on county public records data.

Payment Calculator

$26.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$16.2K

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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.

Elementary School

school-card-donut-561454
9
/10
  • Harbor View Elementary School

  • 900 Goldenrod Ave

  • 0.46 miles

  • Public District Grades KG-6

High School

school-card-donut-561455
8
/10
  • Corona Del Mar High School

  • 2101 Eastbluff Dr

  • 2.67 miles

  • Public District Grades 7-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,734. Typical income of Corona Del Mar, CA residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 Orchid Ave

What is the listing price of this property?

The listing price of 507 Orchid Ave property is $5,395,000.

What type of property is this?

The property 507 Orchid Ave is a house located in Corona Del Mar, California, 92625.

Is this property for sale now?

Active Listing: 507 Orchid Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 507 Orchid Ave are:
Harbor View Elementary School: GreatSchools Rating 9/10
Corona Del Mar High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $41,793 (source: MLS/based on county public records data).

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

The last sale was on July 13, 2016 for $3,672,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 507 Orchid Ave has 4 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 507 Orchid Ave is 2,900 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 Orchid Ave is 2016.
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Rocket HomesCaliforniaOrange CountyCorona Del Mar92625507 Orchid Ave

This home is located at 507 Orchid Ave in Corona Del Mar, CA and zip code 92625 in the Flower Streets / Corona del Mar Village neighborhood. This 2,900 square foot home, which was built in 2016, sits on a 0.08 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $5,395,000.

Corona Del Mar, CA housing market in September 2024 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 12 sold below. The inventory of homes for sale in Corona Del Mar, CA between August 2024 and September 2024 increased by 9.1%. While the average time on the market in September 2024 was 48 days, the median list price was $3,850,000.

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

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