724 Malabar Drive, Corona Del Mar, California 92625, Corona Del Mar, - bed, bath

home-pic
ACTIVE$5,495,000
724 Malabar Drive, Corona Del Mar, California 92625
3Beds
3Baths
2,018Sqft
8,615Lot
Year Built
1962
Close
-
List price
$5.5M
Original List price
$5.5M
Price/Sqft
-
HOA
$75
Days on market
-
Sold On
-
MLS number
NP25076517
Home ConditionGood
Features
Good View: Bay, Catalina, City Lights, Ocean
ViewBay,Catalina,City Lights,Ocean

About this home

This is a truly rare opportunity! Nestled in the prestigious Irvine Terrace neighborhood, this spectacular example of mid-century modern architecture boasts sweeping ocean and harbor views from the living area and showcases the absolute best design elements of the period. Designed with Eichler-inspired essentials, this 3 bedroom, 3 bath residence has been improved and appreciated by a true MCM enthusiast. Modern touches like stainless steel appliances, central AC, tongue-in-groove beamed ceilings, and louvered windows combine form with function for the discerning buyer. Stunning living spaces include an ocean / bay view living room, a sunny family room with courtyard views, a light infused kitchen with dual access and bar seating, and even a cozy alcove for relaxation, reading or recreation. Featuring two separate outdoor spaces, the central atrium serves as a perfect showcase of California living, blending indoor and outdoor spaces seamlessly. The huge, private backyard, with its mature landscaping, offers a fantastic canvas for expansion while still leaving room for ample yard space. World-class beaches, shopping, dining, entertainment, and top-rated schools just minutes away, this home truly has it all. Additionally, it offers easy access to the community’s exceptional amenities, including tennis courts, parks, playgrounds, and basketball courts. The home showcases beautifully preserved original features that highlight its timeless appeal. Special note this site is comprised of two separate contiguous lots.

Nearby schools

9/10
Harbor View Elementary School
Public,PK-60.7mi
7/10
Abraham Lincoln Elementary School
Public,K-61.2mi
9/10
Roy O. Andersen Elementary School
Public,K-61.6mi
9/10
Newport Coast Elementary School
Public,PK-63.3mi
9/10
Corona Del Mar High School
Public,7-121.9mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (58 Listings)
Beds33
50%
Baths33
50%
Square foot2,0182,591
22%
Lot Size8,6157,920
56%
Price$5.5M$5.1M
58%
Price per square foot$2,723$1,968
80%
Built year19621968
42%
HOA$75$856
22%
Days on market209181
64%
Condition Rating
Good

The property was built in 1962 but has been improved with modern touches like stainless steel appliances and central AC. The description mentions beautifully preserved original features, suggesting a blend of original and updated elements. While not fully renovated recently, the property appears to be well-maintained and move-in ready, justifying a 'good' condition score.
Pros & Cons

Pros

Prime Location: Located in the prestigious Irvine Terrace, offering proximity to beaches, shopping, dining, and top-rated schools.
Sweeping Views: Boasts sweeping ocean and harbor views from the living area, enhancing the property's desirability.
Mid-Century Modern Architecture: Spectacular example of mid-century modern architecture with Eichler-inspired design elements, appealing to enthusiasts.
Updated Features: Modern touches include stainless steel appliances, central AC, and louvered windows, combining form and function.
Outdoor Living Spaces: Features two separate outdoor spaces, including a central atrium and a large, private backyard with mature landscaping, perfect for California living.

Cons

Price Point: The list price of $5,495,000 may limit the pool of potential buyers.
Year Built: Built in 1962, some buyers may prefer newer construction or require updates to meet modern standards.
Lot Division: While comprised of two lots, potential development or usage may be restricted by local zoning or HOA regulations.

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