Price $5,750,000
Status Active
Beds 5
Baths 5 Baths
Home size 2,550 sqft
Lot Size 3,542 sqft
Days on Market 13
Rare Coastal Investment & Dream Build Opportunity in Corona del MarPerched above Bayside Drive with harbor and ocean views, this rare multi-unit income property offers endless possibilities in one of Coastal Orange County’s most coveted zip codes. Zoned R2 and featuring three well-maintained units, this unique lot also comes with plans set for approval by renowned architect Chris Brandon, showcasing a future architectural masterpiece — a modern coastal home with floor-to-ceiling glass, open-concept design, and a stunning rooftop deck with covered outdoor living space to soak in harbor views.Currently configured as a charming mid-century modern triplex, each unit boasts its own address:2516 & 2518 feature 2 beds, 2 baths, 1-car garages, vaulted wood-beamed ceilings, A/C, in-unit laundry, updated appliances, and expansive windows to capture the harbor views.2516 ½ is a private studio with a covered patio, side yard, and dedicated storage — ideal for guests, rental income, or a private workspace.The property sits on a special entitlement lot — spaciously set back via a private drive , offering privacy, abundant parking, and a park-like atmosphere. Located just one block from picturesque Begonia Park, walking distance to the beach and famed ocean blvd , the village,Newport Harbor, Fashion Island, walking trails, and the world-class shopping and dining of Corona del Mar and Newport Beach.Whether you're an investor seeking a premium long-term asset, a buyer looking to downsize and rent additional units, or a visionary ready to build a landmark coastal residence, this is your opportunity to own an irreplaceable piece of CDM real estate.Opportunities like this rarely come to market / Proforma on existing available.
Property Type(s): Single Family
Last Updated 4/15/2025 Tract Corona del Mar South of PCH (CDMS)
Year Built 1972 Community Corona Del Mar - Spyglass
Garage Spaces 2.0 County Orange

SCHOOLS

School District Newport Mesa Unified
Elementary School Harbor View
Jr. High School Lincoln
High School Corona Del Mar

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES 6 Burner Stove, Gas Range, Range Hood, Water Heater
AREA Corona Del Mar - Spyglass
CONSTRUCTION Asphalt, Drywall, Stucco
GARAGE Concrete, Door-Multi, Driveway, Driveway Up Slope From Street, Garage, Garage Faces Front, Guest, On Street, Paved, Private, Public, Yes
HEAT Central
HOA DUES 0
INTERIOR All Bedrooms Up, Balcony, Beamed Ceilings, Block Walls, Breakfast Area, Breakfast Bar, Ceiling Fan(s), High Ceilings, In-Law Floorplan, Laminate Counters, Living Room Deck Attached, Multiple Staircases, Tile Counters
LOT 3540 sq ft
LOT DESCRIPTION 2-5 Units/Acre, Front Yard, Greenbelt, Lawn, Rectangular Lot, Sprinklers Timer, Tear Down, Value In Land, Walkstreet
PARKING Concrete,Door-Multi,Driveway,Driveway Up Slope From Street,Garage Faces Front,Garage,Guest,Paved,Public,Private,On Street
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
STYLE Mid-Century Modern
SUBDIVISION Corona del Mar South of PCH (CDMS)
UTILITIES Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: Electricity - On Property,220 Volts in Garage
VIEW Yes
VIEW DESCRIPTION City Lights,Park/Greenbelt,Harbor,Ocean
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Ocean Side Of Highway

Location

 

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Listed with Coldwell Banker Realty

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