This quintessential Corona del Mar cottage sits proudly on a sunny, west-facing, corner lot in the coveted south side of PCH in the Flower Streets, an address prized for its charm, privacy, and effortless walkability. The transferable short-term rental permit is a rare and highly valuable asset in CdM, transforming the home into both a coastal retreat and a reliable income-producing investment. Thoughtfully updated while preserving its timeless character, the 2-bedroom, 2-bath residence features refinished floors, premium stainless-steel appliances, and elevated designer finishes throughout. Organic lighting fills the living areas, with walls of windows and bifold doors creating a seamless flow to the wraparound elevated patios, providing a standout amenity for guests and entertaining, and maximizing outdoor desirability. The well-appointed kitchen includes premier VIking and Gaggenau appliances, ample cabinetry, and a classic breakfast nook with built-in seating. A ground-level bedroom enjoys convenient access to a nearby bath, while the upstairs primary suite offers a walk-in closet, a built-in wardrobe cabinet with storage, and an en-suite bath. Additional features include central air conditioning, a fireplace with mantel, in-home laundry with stacked washer and dryer, and a one-car garage with driveway. A treasured piece of Corona del Mar history, the home is recognized among the community's celebrated "Top 100 Cottages", offering timeless architectural charm rarely found today. Live the Corona del Mar Lifestyle, just moments from the beach, boutiques, restaurants, and Fashion Island, this cottage delivers the quintessential CDM lifestyle - with the added advantage of ongoing income potential thanks to its rare, transferable STR permit.