430 Fernleaf Avenue, Corona del Mar

$3,850,000

3 Beds
2 Baths
1,176 Sqft
.08 Acre
2 Garages

Ideally situated on the coveted 400 block of Fernleaf Ave, this original 1950s cottage offers a unique investment opportunity for either developers or those looking to build their dream home. This property is zoned R-2 (Two-Unit Residential) and is on a 30-foot-wide lot which allows either a single-family home or duplex to be built. The current cottage has three beds, two baths, and a detached two-car garage – a total lot size of 3,540 square feet. The purchase price includes plans by the prestigious Mark Teale of Teale Architecture. The meticulously planned duplex is set to feature a 1,900 square foot, three bed, three bath front home, as well as a rear home of 1,230 square feet, featuring 2 beds and two and a half baths. Plans are fully paid for and have been submitted to the City of Newport Beach for approval. Do not miss out on an impeccable chance to own on one of the most promising, exclusive, and walkable streets in all of Corona del Mar. Live the true CdM lifestyle with close access to the Goldenrod footbridge, less than two blocks to Begonia Park, world-class beaches, and renowned shopping. Enjoy diverse and state-of-the-art dining such as Zinc Café, Bandera, Quiet Woman, and the historic Five Crowns, all just steps away from this surreal location.

Essential Information
MLS® #NP22164311
Price$3,850,000
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage1,176
Acres0.08
Year Built1952
TypeResidential
Sub-TypeSingle Family Residence
StyleCottage
StatusActive
Community Information
Address430 Fernleaf Avenue
AreaCS - Corona Del Mar - Spyglass
CityCorona del Mar
CountyOrange
StateCA
Zip Code92625
Subdivision

Corona del Mar South of PCH (CDMS)

Amenities
Parking Spaces2
ParkingDoor-Single, Garage
# of Garages2
GaragesDoor-Single, Garage
PoolNone
Utilities

Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available

View

City Lights, Neighborhood, Ocean, Peek-A-Boo, Water

Waterfront

Ocean Side Of Freeway, Ocean Side Of Highway

Interior
InteriorCarpet, Vinyl
Appliances6 Burner Stove
HeatingWall Furnace
CoolingNone
FireplaceYes
FireplacesLiving Room
# of Stories1
StoriesOne
Interior Features

Laminate Counters, Storage, Unfurnished, All Bedrooms Down

Exterior
ExteriorWood Siding
RoofComposition
ConstructionWood Siding
FoundationSlab
Lot Description

0-1 Unit/Acre, Front Yard, Garden, Near Park, Rectangular Lot

School Information
DistrictNewport Mesa Unified
ElementaryHarbor View
MiddleCorona Del Mar
HighCorona Del Mar
Additional Information
Date ListedJuly 29th, 2022
Days on Market16
ZoningR2
HOA Fees0.00
Listing Details
AgentStephanie Peterson
OfficeArbor Real Estate
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Based on information from California Regional Multiple Listing Service, Inc. as of August 14th, 2022 at 11:31am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.