Listing IDNP22164311
Price$3,850,000
StatusActive
Bedrooms3
Total Baths2
Full Baths2
SqFt 1,176
Acres 0.081
CountyOrange
Year Built1952
Property TypeResidential
Property Sub TypeSingle Family Residence
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.
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Based on information from CARETS as of Monday, August 8th, 2022 12:22:45 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listing Agent: Stephanie Peterson, DRE #01984954 from Arbor Real Estate 949-673-7600
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Listing Agent: Stephanie Peterson, DRE #01984954 from Arbor Real Estate 949-673-7600
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Listing Agent: Stephanie Peterson, DRE #01984954 from Arbor Real Estate 949-673-7600

Contact - Listing ID NP22164311

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Laguna Coast Real Estate Team

301 Forest Ave.
Laguna Beach, CA 92651
Phone: 949-494-0490
Phone Alt: 949-212-9898
Fax: 949-315-3265
Broker Email: CynthiaAyers@cox.net

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