Welcome to the gorgeous seaside community of Corona Del Mar! World class shopping, entertainment & dining, coupled with beautiful weather all year makes this coastal paradise extremely attractive to discerning homebuyers, capable developers, and savvy investors! Just a few short blocks to downtown CDM & to the beach, this beautiful duplex offers two spacious units: A 3 bedroom 3 bathroom in the picture-perfect front cottage, and 2 bedrooms & 2 bathrooms in the rear unit. The property has a two car garage, a lovely central courtyard separating the front and rear units, and community laundry in the garage (separate hookups for each unit). The property is being sold as-is. From a re-development perspective, the subject property is an ideal candidate for redevelopment. The city of Newport Beach launched an incentive program for the preservation of beach cottages on January 25, 2022, which allows owners to build substantial additions (up to 50 percent of the existing floor area or a maximum of 750 square feet) without providing the minimum code-required parking. Only the structure affected by the renovation/addition will have to comply with current building code standards. Refer to city website for more details.
Property Details
Property Features
Property Information:
Year Built: 1969
Stories: 2
Living Area: 2,967 SqFt
Listing Office:
Office Name: Anchor West Properties, Inc.
Office Phone: (949) 392-3242
Listing Agent: James Vanar
Interior Features
Interior Information:
Fireplace: Family Room
Bedroom and Bathroom Information:
Full Bathrooms: 5
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Private Pool: No
View: None
Parking Information:
Garage Space: 2 spaces
Attached Garage: No
Lot Features
Lot Information:
Lot: Landscaped
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Cooling: None
Other
Directions Information:
Directions: Orchid & 4th
Price Information
Listing Price Info
Price Summary:
List Price: $3,295,000
Price Per SqFt: $1,111/SqFt
Tax Information:
Annual Amount: $10,603
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Corona Del Mar, CA.
This property is $602.5K less than the Median Sold Price and $678/SqFt less 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: #OC24196512
Listing Office:
Office Name: Anchor West Properties, Inc.
Office Phone: (949) 392-3242
Listing Agent: James Vanar
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: 11/22/2024, 1:20:51 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
DATE
EVENT
PRICE
Jun 30, 1998
Jun 30, 1998Home Sold
$650,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$10,603
$958,853
2020
$10,500
$949,022
2019
$10,088
$930,414
2018
$10,088
$912,171
2017
$9,911
$894,286
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Harbor View Elementary School
900 Goldenrod Ave
Distance between this listing and this school0.42 miles
Public District Grades KG-6
8
/10
Lincoln Elementary School
3101 Pacific View Dr
Distance between this listing and this school0.92 miles
Public District Grades KG-6
8
/10
Andersen Elementary School
1900 Port Seabourne Way
Distance between this listing and this school1.72 miles
Public District Grades KG-6
Nearby Schools
9
/10
Vista Verde K - 8 School
6 Federation Way
Distance between this listing and this school3.14 miles
Public District Grades KG-8
8
/10
Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school3.28 miles
Public District Grades 7-8
8
/10
Rancho San Joaquin Middle School
4861 Michelson Dr
Distance between this listing and this school5.62 miles
Public District Grades 7-8
Nearby Schools
8
/10
Corona Del Mar Middle and High School
2101 Eastbluff Dr
Distance between this listing and this school2.56 miles
Public District Grades 7-12
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school3.23 miles
Public District Grades 9-12
10
/10
Early College High School
2990 Mesa Verde Dr E
Distance between this listing and this school4.09 miles
The neighbors living near this home have an average income of $77,734. The most common annual income of people living in Corona Del Mar, CA is between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
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This home is located at 705 Orchid Ave in Corona Del Mar, CA and zip code 92625 in the Flower Streets / Corona del Mar Village neighborhood. This 2,967 square foot home, which was built in 1969, sits on a 0.08 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 21, 2024 and is currently priced at $3,295,000.
Over 0 listings were sold over their listed price in October 2024 in Corona Del Mar, CA. In the same period over 10 listings were sold below the listed price and 2 listings were sold for the listed price. The number of listings in Corona Del Mar, CA increased by 3.4% between September 2024 and October 2024. The median list price of listings available in October 2024 was $3,897,500, while the average time on the real estate market was 55 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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