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705 Orchid Avenue, Corona del Mar, CA 92625
$3,395,000
705 Orchid Avenue, Corona del Mar, CA 92625View this property at 705 Orchid Avenue, Corona del Mar, CA 92625
705 Orchid AvenueCorona del MarCA92625
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Property Description
Welcome to the gorgeous seaside community of Corona Del Mar, where the allure of luxurious beach living coupled with world class shopping & dining, 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 lovely central courtyard separating the front and rear units, and community laundry in the two car 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.
Full Property Details
Full Property Details for 705 Orchid Ave
General
- Price: $3,395,000
- Status: Active
- Type: Duplex
- MLS ID: OC24098930
- Updated: 5/25/2024
- Days on Market: 18 days
- Added to Site: 18 day(s) ago
Interior
- Rooms/Areas: Entry, Kitchen, Living Room
- Fireplace: Yes
- Fireplace(s): Living Room
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Community, In Garage
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Orange
- Subdivision: Corona del Mar North of PCH (CNHW)
- Driving Directions: Corner of Orchid & 4th
School Information
- School District: Newport Mesa Unified
Community
- Community Features: Biking, Curbs, Watersports, Sidewalks
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Duplex
- Common Walls: 1 Common Wall
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,967
- Sq. Ft. Source: Estimated
- Year Built: 1969
- Year Built Source: Assessor
Lot Features
- Property View: None
- Lot Size (Acres): 0.0777
- Lot Size (Sq. Ft.): 3,385
- Lot Size Source: Assessor
- Lot Description: Front Yard
Financial Considerations
- Price Per Sq. Ft.: $1,144.25
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Standard
Listed by Anchor West Properties, Inc., James Vanar
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Schools
Schools serving 705 Orchid Ave
School District:Newport-Mesa Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
900 Goldenrod Ave, Corona Dl Mar, CA 92625 | K-6 | 0.4 mi | |
2101 Eastbluff Dr, Newport Beach, CA 92660 | 7-12 | 2.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 705 Orchid Ave
Date
Details
Price
Change
Source
5/16/2024
Listed
$3,395,000
422.31%
MLS
6/30/1998
Sold
$650,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 705 Orchid Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,995
2%
$997,590
2%
2022
$10,808
2%
$978,030
2%
2021
$10,603
1%
$958,853
1%
2020
$10,501
2%
$949,022
2%
2019
$10,291
2%
$930,414
2%
2018
$10,088
2%
$912,171
2%
2017
$9,911
2%
$894,286
2%
2016
$9,692
1%
$876,751
2%
2015
$9,598
2%
$863,582
2%
2014
$9,372
1%
$846,666
—
2013
$9,319
—
$842,840
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 705 Orchid Ave
705 Orchid Avenue, Corona del Mar, CA 92625 (MLS# OC24098930) is a Duplex property with 5 bedrooms and 5 full bathrooms. 705 Orchid Avenue is currently listed for $3,395,000 and was received on May 16, 2024. Want to learn more about 705 Orchid Avenue? Do you have questions about finding other Duplex real estate for sale in Corona del Mar? You can browse all Corona del Mar real estate or contact a Coldwell Banker agent to request more information.