$2,300,000
$288K PRICE DROP

Estimated payment $14,080/month

Total Views 9,567
2 Beds
2 Baths
1,491 Sq Ft
$1,543 Price per Sq Ft

Highlights

  • Senior Community
  • 2.38 Acre Lot
  • Main Floor Bedroom
  • Updated Kitchen
  • Wood Flooring
  • 3-minute walk to Buck Gully Trailhead

About This Home

Discover unparalleled luxury in this completely remodeled end-unit condo, perfectly positioned on this ideal corner lot - one of the largest lots in the prestigious Terraces community of Corona del Mar, blessed with good fortune and divine guidance from the real estate angels who smile upon this exceptional property. This turn-key residence offers approximately 1,500 square feet of sophisticated single-level living with two bedrooms, two bathrooms, and an open floor plan designed for the discerning 55+ buyer, with the prime location directly across from the Oasis Community Center ensuring convenient access to enriching activities and social opportunities. The heart of this home showcases a stunning kitchen featuring custom cabinetry, elegant quartz countertops, and premium stainless steel appliances that seamlessly blend style with functionality, while the adjacent living area is anchored by a custom fireplace, creating an inviting atmosphere for relaxation and entertaining, all enhanced by new luxury vinyl wood flooring that adds warmth and continuity to the thoughtfully designed spaces. The master suite serves as a private sanctuary, highlighted by a spa-like ensuite bathroom with a gorgeous oversized walk-in shower and a luxurious soaking tub for ultimate relaxation, complemented by a dual-sink vanity and spacious walk-in closet, while the secondary bathroom has been equally transformed with beautiful finishes and attention to detail, and a brand new garage door enhances both curb appeal and functionality.A standout feature of this residence is the professionally landscaped private, gated, yard sanctuary, complete with manicured lawns, decorative retaining walls, and elegant paver pathways that create multiple outdoor living spaces with thoughtful hardscaping and lush plantings providing both beauty and low-maintenance enjoyment. As an end unit on this ideal corner lot, this residence offers enhanced privacy and abundant natural light while maximizing the expansive lot size - one of the biggest lots in the community,creating a home that is exceptionally light and bright throughout, with the coveted location just steps from Corona del Mar State Beach, where The Terraces community provides resort-style amenities including a sparkling pool, relaxing spa, and clubhouse with views of the scenic Buck Gully Reserve, making this exceptional property the pinnacle of coastal living where luxury meets convenience in one of Orange County's most coveted communities.

Listing Agent

Joele Romeo

Pacific Sotheby's Int'l Realty Brokerage Phone: 949-350-9363 License #01878195 Listed on: 06/07/2025

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,591

Year Built

  • Built in 1986

HOA Fees

  • $777 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Interior Block Wall

Interior Spaces

  • 1,491 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Self-Closing Drawers
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Walk-in Shower

Utilities

  • Central Heating and Cooling System
  • Central Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • 1 Common Wall

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 11949
  • Assessor Parcel Number 93461082
  • $389 per year additional tax assessments

Community Details

Overview

  • Senior Community
  • Front Yard Maintenance
  • 100 Units
  • The Terraces Association, Phone Number (714) 779-1300
  • Terraces Subdivision

Recreation

  • Community Pool
  • Community Spa
  • Bike Trail

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,591

Year Built

Built in 1986

Lot Details

0

HOA Fees

$777 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Terraces (TCDM)
  • View: No
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93461082
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1491.00 Square Feet
  • Interior Amenities: Block Walls, Quartz Counters, Recessed Lighting, Stone Counters
  • Stories: 1
  • Entry Location: main
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Breakfast Nook
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1542.59
  • Room Type: All Bedrooms Down, Family Room, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Double Sinks In Primary Bath, Quartz Counters, Remodeled, Soaking Tub, Upgraded, Walk-In Shower
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen, Self-Closing Drawers

Exterior Features

  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Water Heater Central
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Pet Rules, Call for Rules, Maintenance Front Yard
  • Association Fee: 777.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces
  • Phone: 714.779.1300
  • Senior Community: Yes
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Sidewalks, Street Lights
  • Association Management: The Terraces

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 103887.00
  • Lot Size Acres: 2.3849

Multi Family

  • Lease Considered: No
  • Lot Size Area: 103887.0000 Square Feet
  • Number Of Units In Community: 100
  • Number Of Units Total: 100

Tax Info

  • Tax Census Tract: 626.42
  • Tax Lot: 1
  • Tax Tract Number: 11949
  • TaxOtherAnnualAssessmentAmount: 389.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,591 $1,190,035 $978,307 $211,728
2024 $12,591 $1,166,701 $959,124 $207,577
2023 $12,293 $1,143,825 $940,318 $203,507
2022 $12,085 $1,121,398 $921,881 $199,517
2021 $7,143 $651,743 $496,289 $155,454
2020 $7,074 $645,061 $491,200 $153,861
2019 $6,931 $632,413 $481,568 $150,845
2018 $6,794 $620,013 $472,125 $147,888
2017 $6,673 $607,856 $462,867 $144,989
2016 $6,525 $595,938 $453,791 $142,147
2015 $6,461 $586,987 $446,975 $140,012
2014 $6,308 $575,489 $438,219 $137,270
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $2,300,000 -7.4% $1,543 / Sq Ft
07/04/2025 07/04/25 Price Changed $2,485,000 -4.0% $1,667 / Sq Ft
06/12/2025 06/12/25 For Sale $2,588,000 0.0% $1,736 / Sq Ft
06/10/2025 06/10/25 Off Market $2,588,000 -- --
06/07/2025 06/07/25 For Sale $2,588,000 0.0% $1,736 / Sq Ft
06/06/2025 06/06/25 Off Market $2,588,000 -- --
04/13/2021 04/13/21 Sold $1,425,000 0.0% $969 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
03/02/2021 03/02/21 For Sale $1,425,000 -- $969 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,425,000 Orange Coast Title Company
Grant Deed $450,000 Orange Coast Title
Interfamily Deed Transfer -- --
Grant Deed $379,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $240,000 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25117241

California Regional Multiple Listing Service (CRMLS)

APN: 934-610-82