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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$4,995,000

Est. payment - /mo

5 Beds

5 Baths

2,550 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,550 sqft

Price per Sqft $1,958

Subdivision Corona Del Mar South Of Pch (Cdms)

MLS Listing ID OC25079508

Bedrooms 5

Full Baths 5

Construction Status Building Permit

HOA Y/N No

Year Built 1972

Lot Size 3,541 Sqft

Property Sub-Type Single Family Residence

Property Description

Rare Coastal Investment & Dream Build Opportunity in Corona del Mar

Perched 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.

Location

State CA

County Orange

Area Cs - Corona Del Mar - Spyglass

Rooms

Other Rooms Storage

Main Level Bedrooms 1

Interior

Interior Features Beamed Ceilings, Breakfast Bar, Balcony, Breakfast Area, Block Walls, Ceiling Fan(s), High Ceilings, In-Law Floorplan, Laminate Counters, Living Room Deck Attached, Multiple Staircases, Tile Counters, All Bedrooms Up

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Inclusions NEGOTIABLE

Fireplace No

Appliance 6 Burner Stove, Gas Range, Range Hood, Water Heater

Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside, Stacked

Exterior

Parking Features Concrete, Door-Multi, Driveway, Driveway Up Slope From Street, Garage Faces Front, Garage, Guest, Paved, Public, Private, On Street

Garage Spaces 2.0

Garage Description 2.0

Fence Block

Pool None

Community Features Biking, Curbs, Gutter(s), Park, Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Waterfront Description Ocean Side Of Highway

View Y/N Yes

View City Lights, Park/Greenbelt, Harbor, Ocean

Roof Type Asphalt,Composition,Flat

Accessibility No Stairs, Accessible Hallway(s)

Porch Concrete, Deck, Front Porch, Open, Patio, Terrace, Wood

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard, Greenbelt, Lawn, Rectangular Lot, Sprinklers Timer, Tear Down, Value In Land, Walkstreet

Dwelling Type House

Faces Northwest

Story 2

Entry Level Two

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

Additional Building Storage

New Construction No

Construction Status Building Permit

Schools

Elementary Schools Harbor View

Middle Schools Lincoln

High Schools Corona Del Mar

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 45911410

Security Features Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Leo Goldschwartz Coldwell Banker Realty 714-719-0670

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2516 Bayside DR Corona Del Mar, CA 92625