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3131 Michelson Drive, 406, Irvine, CA 92612

$950K2bd · 2ba · 1,375 sqft
Lot 100,845 sqft•HOA $1342/mo•Condominium•
Active
•91d on market•MLS# OC-26153970

Property Description

Luxury high-rise living at its finest in the prestigious Marquee Park Place community. This impeccably maintained residence features 2 spacious bedrooms plus a versatile office/den that can easily serve as a third bedroom, 2 full bathrooms, and an open-concept floor plan filled with natural light. The gourmet kitchen offers granite countertops, stainless steel appliances, and a custom built-in refrigerator. Floor-to-ceiling windows frame stunning city skyline views and from the balcony you can enjoy beautiful sunsets. Additional highlights include abundant storage, a dedicated laundry closet with stacking washer and dryer, two side-by-side parking spaces, and a large private storage room. Residents enjoy 24-hour guard-gated security, concierge service, pool, spa, fitness center, business center, private theater, clubhouse, and more. Prime Irvine location near award-winning schools, premier shopping, dining, John Wayne Airport, Fashion Island, South Coast Plaza, and the beaches of Newport Coast.

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
Forced Air
Cooling
Central Air
View
City Lights
City
Irvine
Zip Code
92612
County
Orange
Listed byUnknown Office, Melody Smith

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,803.72
Principal & Interest
Loan Amount
$760,000
Total Interest
$969,338
Total Payment Over 30 Years
$1,729,338
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

Affordable Tier · 5 active · 5 closed

3131 Michelson Drive, 406, Irvine, CA 92612

Irvine · Condominium

$950K
Affordable Tier
Beds
2
Baths
2
Sqft
1,375
Lot
2.32 ac
Year
2005
$/Sqft
$691
Pool: Yes✓
View: city✓
Garage: 2-car✓

Listed 8.0% above the median closed sale of $880,000.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $950K· $691/sqft
Total list price
Closed comps
vs closed median $880K
+$70K (+8.0%)
Active comps
vs active median $920K
+$30K (+3.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $790
−$99 (−12.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3131 Michelson DriveIrvine2005221,2340$746$920,0002593
138 Velvet FlowerIrvine2013221,1820$846$1.00M6888
229 DewdropIrvine2004231,2330$859$1.06M7188
1502 NolitaIrvine2018221,088115,997$781$849,9884487
187 BiomeIrvine2023221,2400$716$888,000487
Total: 5 · Average2.02.21,195.4115,997$789.6$943,397.642.4
Median1,233$920,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
3131 Michelson DriveIrvine200610/01/2026221,4920$935,000$880,000$5900.949597
135 PathwayIrvine200709/23/2026221,4400$895,000$962,000$6681.0717294
33 SilveradoIrvine201010/01/2026221,2390$849,880$835,000$6740.984191
74 Lehigh AisleIrvine198809/23/2026221,2300$959,000$965,000$7851.015790
23 PoppyIrvine200109/29/2026221,37112,859$899,900$870,000$6350.9715790
Total: 5 · Average2.02.01,354.412,859$902,400$902,400$670.4—104.4
Median1,371$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.