602 Iris Avenue, Corona Del Mar, California 92625, Corona Del Mar, - bed, bath

home-pic
ACTIVE$4,495,000
602 Iris Avenue, Corona Del Mar, California 92625
3Beds
5Baths
2,750Sqft
3,540Lot
Year Built
2023
Close
-
List price
$4.5M
Original List price
$4.59M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25017641
Home ConditionExcellent
Features
Good View: City Lights, Neighborhood, Peek-A-Boo
Deck
Patio
ViewCity Lights,Neighborhood,Peek-A-Boo

About this home

Least expensive new construction condo per SF in all of CdM! Welcome home to this modern masterpiece with a rare entertainers’ basement level. This 3-bedroom front home boasts a fantastic floor plan with seamless indoor-outdoor space. All bedrooms offer ensuite baths with the bonus of 2 guest powder rooms. The gourmet open concept kitchen feature natural quartzite counters, Thermador appliances, wine refrigeration tower, custom Cleaf Evolve blond cabinetry and Porcelanosa tile floors. Upstairs the main bedroom and bath receive plenty of light through the large sliding doors and windows. The premier suite features an expansive walk-in closet that is a shopper’s dream! The elevator services all floors including the rooftop deck for easy access. On the enormous roof deck, you will find everything you need to entertain your guests, with sweeping views of the city. The versatile basement area with tall ceilings can be used as a gym, theatre, a wine cellar, or sports recreation room. This home has significant storage space, four outdoor areas including a spacious front patio with firepit and beautiful landscaping. This home lives very much like a single family home in size and privacy. Don’t miss out on this rare diamond in the heart of the Corona del Mar flower streets!

Nearby schools

9/10
Harbor View Elementary School
Public,PK-60.3mi
7/10
Abraham Lincoln Elementary School
Public,K-61.0mi
9/10
Roy O. Andersen Elementary School
Public,K-61.7mi
9/10
Newport Coast Elementary School
Public,PK-62.7mi
9/10
Corona Del Mar High School
Public,7-122.5mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (32 Listings)
Beds33
50%
Baths53
91%
Square foot2,7501,714
94%
Lot Size3,5403,541
48%
Price$4.5M$2.77M
91%
Price per square foot$1,635$1,949
27%
Built year20232007
76%
HOA$890
Days on market286178
94%
Condition Rating
Excellent

The property was built in 2023, featuring a modern design with high-end finishes, including a gourmet kitchen with Thermador appliances and natural quartzite counters, and bathrooms with contemporary fixtures. The presence of an elevator and a rooftop deck further supports an 'excellent' condition rating.
Pros & Cons

Pros

New Construction: Built in 2023, the property offers modern design and construction, minimizing potential maintenance issues.
Entertainer's Basement: The rare basement level provides a versatile space for entertainment, such as a gym, theatre, or wine cellar.
Rooftop Deck with City Views: The enormous rooftop deck offers sweeping city views, perfect for entertaining guests.
Gourmet Kitchen: The open-concept kitchen features natural quartzite counters, Thermador appliances, and custom cabinetry.
Elevator Access: The elevator services all floors, including the rooftop deck, providing easy access for all residents and guests.

Cons

HOA Fees: Condominiums typically have HOA fees, which can add to the monthly cost of ownership.
Limited Lot Size: The lot size is relatively small, which may limit outdoor space and privacy compared to single-family homes.
Price Reduction: The property has experienced a price reduction, which could indicate market resistance or perceived overpricing.

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