306 Marguerite Ave
Presenting 306 Marguerite Ave
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 location is its zoning, which allows for a greater overall height limit than typically permitted within much of the Corona del Mar Village, providing the opportunity for enhanced ceiling heights throughout, including notably higher ceilings on the third level. Located in the heart of the Corona del Mar Village, the Flower Streets are widely regarded as one of the most desirable neighborhoods in Newport Beach, with exceptional walkability to boutiques, cafés, and restaurants along Pacific Coast Highway and the scenic paths of Ocean Boulevard and multiple beaches just moments away. Offered on a 3,485 square foot lot with two garage spaces. MLS #NP26054437.
Permit-Ready in the 300 Block
A rare development opportunity in the coveted 300 block of the Corona del Mar Flower Streets, south of Pacific Coast Highway, on a 3,485 square foot lot.
Approved Teale Architects Plans
The existing 1950 triplex conveys with fully approved plans, letting the next owner break ground immediately and bypass the City of Newport Beach and Coastal Commission approval timeline.
Two Homes, Rooftop Decks
Plans call for a front residence of roughly 2,130 sq ft (3 bd / 3.5 ba) plus a 304 sq ft 1-bedroom ADU, and a 1,423 sq ft rear residence (2 bd / 2.5 ba) — both with expansive patios and rooftop decks.
Inside the Residence
How We Position This Home to the Market
Sell Time, Not Just Dirt
In Corona del Mar, entitlements are the scarce asset. The campaign leads with the fully approved plans and the years of Coastal Commission and City review the buyer skips entirely.
Show the Finished Product
Architectural renderings of the completed residences carry the marketing. Buyers underwrite what they can see, and the renderings make the end value tangible from the first frame.
Height Allowance Is a Real Advantage
This location's zoning permits a greater overall height limit than much of the Village, enabling taller ceilings on the third level — a differentiator most Flower Street parcels cannot offer.
Two Buyer Pools at Once
Marketing runs in parallel to coastal builders and developers underwriting the plan set, and to end users who want to commission a custom Village home without land hunting.
The Flower Streets · South of PCH & Corona del Mar
The Flower Streets
Widely regarded as one of the most desirable neighborhoods in Newport Beach, with quiet walkable blocks running from PCH to the ocean.
Beaches & Ocean Boulevard
The scenic paths of Ocean Boulevard, Big Corona, and Little Corona beaches are all moments from the front door.
Village Walkability
Boutiques, cafés, and restaurants along Pacific Coast Highway are a short walk away, with Fashion Island minutes north.
Newport-Mesa Schools
Served by award-winning Newport-Mesa Unified schools, including Harbor View Elementary and Corona del Mar High.
Who We Reach for This Property
Coastal Builders & Developers
Buyers seeking an entitled, plan-ready Corona del Mar parcel where the approval risk has already been eliminated.
Custom-Home End Users
Families who want a new Village residence built to approved plans without waiting years for permits.
Condominium Investors
Purchasers underwriting two separately deliverable residences plus an ADU on a single south-of-PCH lot.
Long-Term Coastal Holders
Investors acquiring irreplaceable Flower Streets land in a permanently supply-constrained market.
A Strategy Built for 306 Marguerite Ave
Professional Photography & Media
Architectural photography, twilight exteriors, aerial drone coverage, and a guided video walkthrough shot specifically for how buyers shop Corona del Mar today.
Digital Pre-Launch
A private, shareable presentation page like this one goes out to my buyer database and to the agents most active in the neighborhood before the listing hits the open market.
First Team & Portal Syndication
Featured placement on FirstTeam.com plus full syndication to Zillow, Realtor.com, Redfin, Homes.com, and CRMLS with paid placement against high-intent local searches.
Targeted Buyer Outreach
Architectural renderings and aerial photography that establish the 300-block position and the approved design, a digital plan-and-entitlements package delivered to the builders most active south of PCH, and paid placement to custom-home buyers across coastal Orange County.
Gregg Perrah
Gregg Perrah is a Southern California REALTOR® with First Team Real Estate, serving Corona del Mar, Newport Beach, and the Orange County coast and the surrounding coastal and inland communities. Gregg pairs hyper-local market knowledge with concierge-level marketing and a philosophy he has built his career on — People Before Things.
What Sellers Say About Working With Gregg
“I expect a lot from the real estate agent with whom I choose to work. They need to be knowledgeable, professional, likeable and willing and capable of adding significant value to what may be one of the most important transactions in your life. Gregg consistently exceeded my expectations.”
“With Gregg, he went out of his way for my wife and me. Always willing to help us out — every time he said he was going to take care of something, he followed through. We have family members who are realtors, but we went with Gregg.”
“You won't find a more honest, trustworthy and dependable person than Gregg Perrah. I met and developed a professional relationship with Gregg over nine years ago and I still call upon him to serve our clients.”
“I have searched a long time to find a real estate agent that not only works as hard as I do, but treats my money and investments like it was his. Gregg Perrah is that person. He pulls out all the stops when it comes to marketing your investment.”
“Gregg is the most hard-working, professional real estate agent I have ever met — providing excellent service, responding to questions in a timely manner, and continuously giving updates. A million thanks for the peace of mind.”