Active

525 El Paseo Drive

Corona Del Mar, CA 92625

$9,950,000 $41,949/Mo

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Overview

Bed

Bath

3,166

Sqft

35,700

Sqft(Lot)

Description

DEVELOPMENT OPPORTUNITY WITH PERMITTED PLANS on, by far, the largest lot in the sought-after enclave of Irvine Terrace at well over 4/5 of an Acre. Come explore the potential of this significant Contemporary architectural design by Brandon Architects that takes full advantage of the large and unique building site, making it possible for the creation of a private residence with some modern elements, while still maintaining warmth and texture throughout. By maximizing views and indoor-outdoor connections, this property will take on the best aspects of 5-Star resort. At nearly 11,000 sf of living space, the Main Residence offers up to 7 Bedrooms, 7 Baths and 3 Powder Rooms, in addition to many other expected and appreciated rooms and spaces, including an ocean view Great Room with Bar adjacen t to a Gourmet "Show" Kitchen and sequestered Chef's "Dirty" Kitchen. As one would expect, the design also includes a generous allocation of space for entertaining by way of a luxurious Lounge area, complete with Bar, Wine Room and Tasting Area, a Table Games area and Media Room. If you would prefer a workout, the design allows for a significant Home Gym with Bath and Sauna. While the Interior plan is impressive on its own, the proposed Exterior amenities solidify the design as an A+. Of note: Pool and Spa with Baja Shelf and Sunken Fire Pit, Outdoor Kitchen with Sit-At Bar, several outdoor Dining and Lounge areas, Bocce Ball Court, Grassy Lawn, Sauna and Pool Bath. But if all of this is not enough, the design also calls for a very private 770 sf 1-Bedroom Guest House out on the tip of the lot that will be an absolute hit with overnight and long-term visitors. And while the Garage are can sometimes be an afterthought in the planning process, that is certainly not the case at this residence, with garaging for 5 vehicles and additional off-street parking for several more vehicles in the Gated Motor Court. And we can't forget to mention the Views of the Pacific Ocean, Newport Harbor, Catalina Island, and City Lights, and being in close proximity to Balboa Island, Beaches, Private Golf, Tennis & Yacht Clubs, Fashion Island/Newport Center and the heart of Corona del Mar. Once completed, this home is destined to become legendary.

Property Details

Property Type : Residential

Price : $9,950,000

AD Id : 77792599

MLS Id : NP26088576

Beds : 5

Lot Size : 35,700 Sqft

Living Area Size : 3,166

Year Built : 1961

Garage : 2

County : Orange

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 5

Bathroom Information

Total Baths: 3 Full Baths: 3

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Interior Features: All Bedrooms Down Fireplace: None
Cooling Features

None Air Conditioning

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1961
Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.8196
Lot Size Source: Public Records Lot Size Square Feet: 35700

Listing Price Information

Original List Price: 9,950,000 Listing Contract Date: 2026-04-28
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 05029127

Garage and Parking

Garage Description: On Site,On Street Attached Garage: Yes

Homeowners Association

Association: Yes Association Amenities: Sport Court,Picnic Area,Playground,Tennis Court(s) Association Fee: 575 AssociationFee Frequency: Annually Calculated Total Monthly Association Fees: 575

Other Property Info

Source Listing Status: Active Source Neighborhood: CS - Corona Del Mar - Spyglass Directions: Bayside Drive to El Paseo Zoning: R-1 Source Property Type: Residential Area: CS - Corona Del Mar - Spyglass Property SubType: Single Family Residence
Building and Construction

Property Age: 65 Common Walls: No Common Walls Property Condition: Building Permit Structure Type: Single Family Residence Year Built Source: Public Records Total Square Feet Living: 3166 Entry Level: 1 Entry Location: 1 Levels or Stories: One Building Total Stories: 1 Structure Type: House

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
44 Drakes Bay Drive, Corona Del Mar, CA, 92625	$7,250,000	5	5	4,423	4,423 SqFt
17 Muir Beach, Newport Beach, CA, 92625	$15,900,000	4	4	7,087	7,087 SqFt
1 San Martin Way, Corona Del Mar, CA, 92625	$7,849,000	4	2	2,716	2,716 SqFt
3 White Water Drive, Corona Del Mar, CA, 92625	$3,695,000	3	3	2,812	2,812 SqFt
4512 Roxbury Road, Corona Del Mar, CA, 92625	$13,975,000	4	5	6,855	6,855 SqFt
21 Beachcomber Drive, Corona Del Mar, CA, 92625	$3,600,000	3	2	2,241	2,241 SqFt
408 Hazel Drive, Corona Del Mar, CA, 92625	$3,788,000	4	4	2,155	2,155 SqFt
302 Orchid Avenue, Corona Del Mar, CA, 92625	$7,295,000	4	4	3,042	3,042 SqFt
310 Marigold, Corona Del Mar, CA, 92625	$11,995,000	5	4	4,502	4,502 SqFt
304 Marigold, Corona Del Mar, CA, 92625	$7,495,000	5	4	4,008	4,008 SqFt

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ByOwner last updated this listing 06/17/2026 @ 01:22

MLS: NP26088576 LISTED BY: Rob Smith, Compass 949-438-4340 SOURCE: CRMLS