DEVELOPMENT OPPORTUNITY: Positioned on a coveted corner parcel in the heart of Corona del Mar's beloved Flower Streets, 501 Poinsettia presents a rare and compelling opportunity that extends far beyond its existing charm. Encompassing approximately 1,990 square feet, this duplex offers both immediate livability and exceptional potential for future development. The front residence features a thoughtfully designed two-bedroom, one-bath layout, complemented by a versatile den or dedicated office space. Privately set at the rear, the one-bedroom, one-bath unit includes its own washer and dryer and a secluded patio, creating an ideal retreat for guests or supplemental income. Framed by a fenced front yard and enhanced by a spacious two-car garage, the property enjoys an abundance of natural light thanks to its premier corner positioning. What truly distinguishes this offering is its extraordinary development potential. Situated on an enviable, flat parcel just a few blocks from the beach, the property presents a rare opportunity to reimagine the site with either two newly constructed luxury condominiums or a bespoke single-family residence, each option capturing the essence of elevated coastal living. Enjoy all the benefits of “The Village”-a world-renowned seaside community known for its walkable charm, beautiful beaches, boutique shops, acclaimed restaurants, weekly farmers market, and welcoming atmosphere. Just moments from Fashion Island, Pelican Hill Resort and Golf Course, cultural landmarks, and John Wayne Airport, this home offers an unbeatable location.