Property Details
About this Property
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
MLS Listing Information
MLS #
CRNP26054437
MLS Source
California Regional MLS
Days on Site
0
Interior Features
Fireplace
None
Laundry
Community Facility, In Laundry Room
Cooling
None
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 2 Car(s)
Elementary District
Newport-Mesa Unified
High School District
Newport-Mesa Unified
HOA Fee
$0
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
306 Marguerite is a Triplex in Corona Del Mar, CA 92625. This 2,225 square foot property sits on a 3,485 Sq Ft Lot and features 4 bedrooms & 3 full bathrooms. It is currently priced at $4,959,000 and was built in 1950. This address can also be written as 306 Marguerite, Corona Del Mar, CA 92625.
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This listing information is up-to-date as of March 12, 2026. For the most current information, please contact Steven Sergi
