306 Marguerite, Corona Del Mar, CA 92625
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
306 Marguerite,Corona del Mar, CA 92625
$4,795,000
- 4 Beds
- 3 Baths
- 2,225 sq. ft.
- Multi-family
- Active
Listed by: steven sergi
Office: valia properties949-673-0789
MLS#:NP26054437
Source:CRMLS
Price summary
- Price:$4,795,000
- Price per sq. ft.:$2,155.06
About this home
Positioned in the coveted 300 block of the Corona del Mar Flower Streets, south of Pacific Coast Highway, 306 Marguerite Avenue presents a rare permit-ready development opportunity in one of the most desirable locations in The Village. The existing 1950 triplex is being offered with fully approved plans, allowing the next owner to break ground immediately while bypassing the lengthy approval process with the City of Newport Beach and the Coastal Commission. Designed by Teale Architects, the approved plans envision a thoughtfully designed new construction condominium development that maximizes both livability and outdoor space. The proposed front residence (Unit A) offers approximately 2,130 square feet with 3 bedrooms and 3.5 baths, complemented by a private 1-bedroom / 1-bath ADU with kitchenette of approximately 304 square feet, for a combined total of approximately 2,434 square feet. The proposed rear residence (Unit B) is designed as a spacious 1,423 square foot 2-bedroom, 2.5 bath condominium. Both homes feature generous outdoor living areas including expansive patios and rooftop decks, creating seamless indoor-outdoor living environments that embrace the coastal lifestyle. An additional advantage of this particular location is its zoning, which allows for a greater overall height limit than typically permitted within much of the Corona del Mar Village. This allowance provides the opportunity for enhanced ceiling heights throughout the residence, including notably higher ceilings on the third level, a feature that is uncommon among many Flower Street properties and contributes to a more open, light-filled living environment. Located in the heart of the Corona del Mar Village, the Flower Streets are widely regarded as one of the most desirable neighborhoods in Newport Beach. Residents enjoy exceptional walkability to local boutiques, cafés, and restaurants along Pacific Coast Highway, while the scenic paths of Ocean Boulevard and multiple beaches are just moments away. With approved architectural plans in place and an irreplaceable Village location, 306 Marguerite Avenue offers a unique opportunity to begin construction immediately and deliver a premier coastal development in one of Orange County’s most sought-after communities....
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Home facts
- Year built:1950
- Listing ID #:NP26054437
- Added:57 day(s) ago
- Updated:May 09, 2026 at 01:23 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,225 sq. ft.
Structure and exterior
- Year built:1950
- Building area:2,225 sq. ft.
- Lot area:0.08 Acres
- Lot Features:Rectangular Lot, Street Level
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,795,000
- Price per sq. ft.:$2,155.06
Features and amenities
- Laundry features:Common Area, Laundry Room
Parking
- Total parking spaces:2
- Garage:Yes
- Garage spaces:2
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