The Marquee - Park Place high rise condos
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3131 Michelson, 1601, Irvine, CA 92612

$1.32M2bd · 2ba · 1,520 sqft
HOA $1364.38/mo•Condominium•
Active
•24d on market•MLS# NP-26205417

Property Description

SKYLINE SERENITY!! Perched on the 16th floor of the prestigious Marquee Park Place, this sophisticated residence showcases 174 degrees sweeping CITY LIGHT VIEWS and spectacular sunsets on the horizon. FLOOR-TO-CEILING WINDOWS and high 9'4" ceilings fill the open-concept living space with natural light, while an expansive private balcony extends from the living area around to both bedrooms for exceptional indoor-outdoor living. The thoughtfully designed corner unit floor plan features two bedrooms, two baths, and a versatile living area. Rich wood flooring, modern cabinetry, black granite countertops, high-end GE Monogram stainless-steel appliances, and refined finishes create a polished contemporary setting. The primary suite is paired with an inviting bath featuring dual vanities, a spa soaking tub, and a separate shower. Residents enjoy an exceptional resort-style lifestyle with 24-hour concierge and security, heated pool and spa, fitness center, billiards room, theater room, business center, resident lounge, BBQ areas, and secure parking, conveniently on the second level. Ideally located within a short distance of Park Place is dining and shopping and minutes from John Wayne Airport, the 405 Fwy, UCI, Fashion Island, Irvine Spectrum, South Coast Plaza, Segerstrom Center for the Arts, beaches, and parks.

Features & Amenities

FeeBuilt 2005

Property Details

Land Type
Fee
Year Built
2005
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
City Lights, Panoramic
Flooring
Carpet, Stone, Tile, Wood
City
Irvine
Zip Code
92612
County
Orange
Listed byUnknown Office, Jacqueline Moran

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,699.92
Principal & Interest
Loan Amount
$1,060,000
Total Interest
$1,351,972
Total Payment Over 30 Years
$2,411,972
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

3131 Michelson, 1601, Irvine, CA 92612

Irvine · Condominium

$1.32M
Residential Tier
Beds
2
Baths
2
Sqft
1,520
Lot
0 sqft
Year
2005
$/Sqft
$872
Pool: Yes✓
Spa: Yes✓
View: city✓
Garage: 2-car✓

Listed 50.6% above the median closed sale of $880,000. Price per sqft ($872) is a 30% premium to closed comps ($670).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.32M· $872/sqft
Total list price
Closed comps
vs closed median $880K
+$445K (+50.6%)
Active comps
vs active median $1.06M
+$265K (+25.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $757
+$115 (+15.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3044 ScholarshipIrvine2008221,4770$718$1.06M24888
2408 Watermarke PlaceIrvine2005221,260473,967$713$899,00020681
3700 RivingtonIrvine2023231,8040$886$1.60M25078
2202 RivingtonIrvine2024121,2741,274$776$988,00029172
15 Ericson AisleIrvine1989321,67912,000$691$1.16M14269
Total: 5 · Average2.02.21,498.8162,413.667$756.8$1.14M227.4
Median1,477$1.06M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
3131 Michelson DriveIrvine200610/01/2026221,4920$935,000$880,000$5900.949588
4600 RivingtonIrvine202409/30/2026231,804250,092$1.50M$1.40M$7760.946780
250 NovelIrvine201909/28/2026231,5270$950,000$938,000$6140.999478
23 PoppyIrvine200109/29/2026221,37112,859$899,900$870,000$6350.9715776
106 Nature WalkIrvine201810/01/2026221,1780$900,000$865,000$7340.964875
Total: 5 · Average2.02.41,474.4131,475.5$990,600$990,600$669.8—92.2
Median1,492$880,000$880,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.