Active

525 El Paseo Drive

Corona Del Mar, CA 92625

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

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Overview

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 2 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 : Land

Price : $9,950,000

AD Id : 77818586

MLS Id : NP26092209

Lot Size : 35,700 Sqft(Lot)

County : Orange

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer

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

Homeowners Association

Association: Yes 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: Land Area: CS - Corona Del Mar - Spyglass

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3514 Ocean Boulevard, Corona Del Mar, CA, 92625	$9,500,000	--	--	--	4,878 Sqft(Lot)

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ByOwner last updated this listing 06/16/2026 @ 16:51

MLS: NP26092209 LISTED BY: Rob Smith, Compass 949-438-4340 SOURCE: CRMLS