306 Marguerite, Corona Del Mar (newport Beach), CA 92625

• 4 beds |
• 3 baths |
• 2,225 sqft

Property Description

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

Listing Status:

Active

Date Added:

March 12, 2026

Data Last Updated:

April 2, 2026 at 7:07AM

Listing Office:

VALIA Properties : 949-673-0789

Listing Agent:

Steven Sergi : 949-292-6545

MLS ID:

CRNP26054437

Interior

• Laundry: Laundry RoomCommon Area
• A/C: None
• Fireplace: None

Exterior

• Pool: None
• Parking: Attached

Construction

• General: 2

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• School District: Newport-Mesa Unified
• County: Orange

Lot

• Zoning: 05210317
• View: None

Financial

• Source: CRMLS