2516 Bayside Drive Corona Del Mar, CA 92625
5 Beds
5 Baths
2,550 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $2,254
MLS Listing ID OC25079508
Style Detached
Bedrooms 5
Full Baths 5
Construction Status Building Permit
HOA Y/N No
Year Built 1972
Lot Size 3,540 Sqft
Acres 0.0813
Property Sub-Type Detached
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 Countys 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 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 Oc - Corona Del Mar (92625)
Interior
Interior Features 2 Staircases, Balcony, Beamed Ceilings, Copper Plumbing Partial, Laminate Counters, Living Room Balcony, Living Room Deck Attached, Tile Counters
Cooling Central Forced Air
Flooring Laminate
Equipment 6 Burner Stove, Gas Range
Appliance 6 Burner Stove, Gas Range
Laundry Closet Stacked, Inside
Exterior
Exterior Feature Stucco, Asphalt
Parking Features Garage, Garage - Two Door
Garage Spaces 2.0
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Ocean, Harbor, City Lights
Roof Type Composition,Asphalt,Flat
Total Parking Spaces 8
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 1-3999 SF
Sewer Public Sewer
Water Public
Level or Stories 2 Story
Construction Status Building Permit
Others
Miscellaneous Value in Land,Gutters
Acceptable Financing Cash, Conventional, Exchange, Cash To New Loan
Listing Terms Cash, Conventional, Exchange, Cash To New Loan
Special Listing Condition Standard
