The Flip Potential of
6 Monterey Cir Corona Del Mar, CA is medium.

This 5-bed, 3-bath home in the coveted Spyglass Hill neighborhood of Corona Del Mar sits on a large 10K sqft lot and boasts over 3,500 sqft of living space. The property is older (built in 1971) but offers great bones and an ideal location, with potential for significant cosmetic and structural updates. Comparable homes in the area have a median sold price of $5.6M and average price per sqft around $1.45K, while this home is listed at $3.5M ($992/sqft). That leaves a sizable margin for value-add improvements if renovation costs are kept in check.

For investors, the spread between the list price and recent neighborhood comps suggests strong upside if you modernize the home or even rebuild. Owners aiming to sell should focus on updating kitchens, baths, and curb appeal to maximize resale. Just be mindful that renovation costs in high-end markets can add up fast—get multiple bids before diving in. If you're not looking to flip, even basic updates will help this home shine in a premier neighborhood.