2516 Bayside Drive, Corona Del Mar, CA 92625
- $4,995,000
- List Price
- $4,995,000
- Price Change
- ▼ $755,000 1750028768
- Status
- ACTIVE
- MLS#
- OC25083124
- Year Built
- 1972
- Lot Size
- 3,540
- Acres
- 0.08
- Lot Location
- 2-5 Units/Acre, Front Yard, Greenbelt, Lawn, Rectangular Lot, Sprinklers Timer, Tear Down, Value In Land, Walkstreet
- Days on Market
- 91
- Property Type
- Single Family Residential
- Style
- Mid-Century Modern
- Property Sub Type
- Single Family Residence
- Stories
- Two Levels
- Neighborhood
- Corona Del Mar South Of Pch (Cdms)
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.
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Additional Information
- Other Buildings
- Storage
- Appliances
- 6 Burner Stove, Gas Range, Range Hood, Water Heater
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- City Lights, Park/Greenbelt, Harbor, Ocean
- Exterior Construction
- Asphalt, Drywall, Stucco
- Roof
- Asphalt, Composition, Flat
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Beamed Ceilings, Balcony, Block Walls, Ceiling Fan(s), High Ceilings, In-Law Floorplan, Laminate Counters, Living Room Deck Attached, Multiple Staircases, Tile Counters, All Bedrooms Up
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $81,600
- Operating Expense
- 8000
Listing courtesy of Listing Agent: Leo Goldschwartz (Leogold1010@yahoo.com) from Listing Office: Coldwell Banker Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.