Active Under Contract

520 Iris

Corona Del Mar, CA 92625

$5,595,000 $23,588/Mo

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Overview

Bed

Bath

3,485

Sqft(Lot)

Description

Experience refined coastal living in this fully remodeled, grandfathered oversized duplex on a prime corner lot in the heart of the Village. Reimagined in 2023 with meticulous attention to detail, this exceptional property delivers the feel of brand-new construction, while offering a scale and square footage that simply can’t be replicated today. Spanning 3,649 square feet, the residence features two expansive units, each thoughtfully designed with high-end finishes, open-concept layouts, and seamless indoor-outdoor living. Enjoy spacious patios and balconies, a turfed entertainment deck, an oversized two-car garage, and a rare 225-square-foot basement, an uncommon bonus in this area. The lower unit is a standout 3-bedroom, 2.5-bath home offering 1,873 square feet, highlighted by soaring 1 0-foot ceilings in the kitchen and 9-foot ceilings in the living area. Upstairs, the 1,776-square-foot unit includes 3 bedrooms and 2 baths, plus a versatile laundry room that can be converted into a powder room. Its expansive outdoor deck serves as an additional living space, perfect for entertaining, dining, or relaxing by the fire pit. Both units feature French white oak flooring, custom cabinetry, granite countertops, stainless steel appliances, and drought-tolerant landscaping. The exterior is finished with striking New Tech siding for lasting durability and low maintenance. Positioned on a coveted corner, the home is filled with natural light from sunrise to sunset. This rare investment opportunity allows for flexible living, occupy one unit while generating income from the other. Ideally located just steps from the beach, shops, and local dining, and minutes from premier destinations and major conveniences, this property captures the essence of elevated California coastal living. A truly one-of-a-kind offering, don’t miss your chance to own it.

Property Details

Property Type : ResidentialIncome

Price : $5,595,000

AD Id : 83743135

MLS Id : NP26097495

Beds : 6

Lot Size : 3,485 Sqft

Year Built : 1973

Garage : 2

County : Orange

Subdivision: Fallbrook

Map

What's Nearby

Nearby Areas

Features

Interior Features

BuiltInFeatures, Balcony, CeramicCounters, CathedralCeilings, GraniteCounters, HighCeilings, OpenFloorplan, Pantry, QuartzCounters, RecessedLighting, BedroomOnMainLevel, GalleyKitchen, MainLevelPrimary

Laundry Features: ElectricDryerHookup, GasDryerHookup, Inside, SeeRemarks

Window Features: DoublePaneWindows
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir, Gas

Building Information

Year Built: 1973

Building Area Total: 3649

Pool Features: None

Private Pool: No

View: Hills, Mountains, Neighborhood, Panoramic
Exterior Features

Exterior Features: FirePit

Lot Information

Main Square Feet: 3485 Lot Size Acres: 0.08 Lot Size Source: Assessor Lot Size Square Feet: 3,485 Lot Description: TwoToFiveUnitsAcre,CornerLot,DripIrrigationBubblers,Garden,NearPublicTransit

Property Information

Subdivision: Corona del Mar North of PCH (CNHW) Source Property Type: ResidentialIncome Property SubType: Duplex Levels: MultiSplit Property Age: 53

Listing Price Information

Listing Price: $5595000

Original Price: $5795000

Cash, CashToNewLoan, Conventional

Tax Information

Parcel Number: 45918607 Tax Lot: 22 Tax Block: 536

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 2 Garage

Garage Information

Has Garage: Yes Garage Space: 2

Location Information

Direction: From PCH, head east, property is on the right at the corner of Iris and 3rd Ave WaterSource: Public Security Features: CarbonMonoxideDetectors,SmokeDetectors

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503 Marguerite, Corona Del Mar, CA, 92625	$5,498,000	5	4.5	2,802	2,802 SqFt
503 Marguerite, Corona Del Mar, CA, 92625	$5,498,000	5	5	2,802	2,802 SqFt
520 Iris, Corona Del Mar, CA, 92625	$5,595,000	6	4	3,649	3,649 SqFt