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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$3,600,000

Est. payment - /mo

3 Beds

2 Baths

1,990 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,990 sqft

Price per Sqft $1,809

Subdivision Corona Del Mar North Of Pch (Cnhw)

MLS Listing ID NP26094654

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1961

Lot Size 3,541 Sqft

Property Sub-Type Duplex

Property Description

DEVELOPMENT OPPORTUNITY: Positioned on a coveted corner parcel in the heart of Corona del Mar's beloved Flower Streets, 501 Poinsettia presents a rare and compelling opportunity that extends far beyond its existing charm. Encompassing approximately 1,990 square feet, this duplex offers both immediate livability and exceptional potential for future development. The front residence features a thoughtfully designed two-bedroom, one-bath layout, complemented by a versatile den or dedicated office space. Privately set at the rear, the one-bedroom, one-bath unit includes its own washer and dryer and a secluded patio, creating an ideal retreat for guests or supplemental income. Framed by a fenced front yard and enhanced by a spacious two-car garage, the property enjoys an abundance of natural light thanks to its premier corner positioning. What truly distinguishes this offering is its extraordinary development potential. Situated on an enviable, flat parcel just a few blocks from the beach, the property presents a rare opportunity to reimagine the site with either two newly constructed luxury condominiums or a bespoke single-family residence, each option capturing the essence of elevated coastal living. Enjoy all the benefits of “The Village”—a world-renowned seaside community known for its walkable charm, beautiful beaches, boutique shops, acclaimed restaurants, weekly farmers market, and welcoming atmosphere. Just moments from Fashion Island, Pelican Hill Resort and Golf Course, cultural landmarks, and John Wayne Airport, this home offers an unbeatable location.

Location

State CA

County Orange

Area Cs - Corona Del Mar - Spyglass

Rooms

Main Level Bedrooms 2

Interior

Interior Features Storage, Bedroom on Main Level

Heating Forced Air

Cooling None

Fireplaces Type None

Inclusions Washer & Dryer

Fireplace No

Appliance Dishwasher, Freezer, Refrigerator, Water Heater, Dryer, Washer

Exterior

Parking Features Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Sidewalks

Utilities Available Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Composition

Accessibility No Stairs

Porch Enclosed

Total Parking Spaces 2

Private Pool No

Building

Lot Description Corner Lot

Dwelling Type Duplex

Story 2

Entry Level One

Sewer Sewer Tap Paid

Water Public

Architectural Style Bungalow

Level or Stories One

New Construction No

Schools

Elementary Schools Harbor View

Middle Schools Corona Del Mar

High Schools Corona Del Mar

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 45921621

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Andre White Pacific Sotheby's Int'l Realty 949-378-9653, DRE #01873658

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501 Poinsettia AVE Corona Del Mar, CA 92625