Water Views
Address
525 El Paseo Drive, Corona Del Mar, CA
Price
$ 9,950,000
Property Attributes
- MLS#NP26088576
- TypeSingle Family
- Listing Status Active
- CountyOrange
- CityCorona Del Mar
- Area Corona Del Mar - Spyglass
- NeighborhoodIrvine Terrace (IRVT)
- Zip92625
- Style
- Year Built1961
- Price$ 9,950,000
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage3166
- Lot Size0.8196 Acres
Data Source:
California Regional MLS (CRMLS)
Property 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 adjacent 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Harbor View Elementary School | Corona Del Mar Middle School | Corona Del Mar High School |
| Price History | |
|---|---|
| 4/29/2026 | Listed $9,950,000 |
General Features
| Living Area | 3166 |
|---|---|
| Sewer | Public Sewer |
| Cooling | None |
| Utilities | Cable Not Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected |
| Possession | Close Of Escrow |
| Zoning | R-1 |
| HOA Fee | 575 |
| Garage Spaces | 2 |
| Pool Features | None |
| Year Built | 1961 |
| View | Bay,Catalina,City Lights,Harbor,Neighborhood,Ocean,Water |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Single Family Residence |
| Community Features | Curbs,Gutter(s),Park,Storm Drain(s),Street Lights,Suburban,Sidewalks |
| Assoc Fee Paid Per | Annually |
| County | Orange |
| New Construction | false |
| Property Type | Residential |
| Association Amenities | Sport Court,Picnic Area,Playground,Tennis Court(s) |
| HOA | true |
| Attached Garage | true |
| Subdivision Name | Irvine Terrace (IRVT) |
| Garage Y/N | true |
| Full Baths | 3 |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | Bayside Drive to El Paseo |
| High School | Corona Del Mar |
| City | Corona Del Mar |
| Disclosures | Covenants/Restrictions Disclosure,Coastal Zone,HOA Disclosure |
| Association Name | Irvine Terrace Community Association |
| Entry Location | 1 |
| Senior Community Y/N | false |
| High School District | Newport Mesa Unified |
| Number Of Units Total | 1 |
| MLS Area | CS - Corona Del Mar - Spyglass |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 35700 |
| Listing Terms | Cash,Cash to New Loan |
| Spa Features | None |
| Elementary School | Harbor View |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Middle/Junior High School | Corona Del Mar |
| Property Condition | Building Permit |
| Additional Parcels Y/N | false |
| Lease Considered Y/N | false |
| Structure Type | House |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Vacant |
| Year Built Source | Public Records |
| Tax Lot | 94 |
| Property Sub Type Additional | Single Family Residence |
| PostalCity | CORONA DEL MAR |
Interior Features
| Interior Amenities | All Bedrooms Down |
|---|---|
| Fireplace Features | None |
| Total Stories | 1 |
| Common Walls | No Common Walls |
| Air Conditioning Y/N | false |
| Fireplace Y/N | false |
| Laundry Features | None |
| Total Bedrooms | 5 |
| Entry Level | 1 |
| Main Level Bedrooms | 5 |
| Main Level Bathrooms | 3 |
| LivingAreaSource | Assessor |
| Total Baths | 3 |
Exterior Features
| Parking Features | On Site,On Street |
|---|---|
| Lot Features | Bluff,Corner Lot,Irregular Lot,Sloped Up,Tear Down,Value In Land |
| Water Source | Public |
| Total Parking | 2 |
| Lot Size Area | 35700 |
| Spa | false |
| Lot Size Acres | 0.8196 |
| Road Surface Type | Paved |
| Private Pool | false |
| Lot Size Source | Public Records |
| Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 92625
Price
Year Built
In The Neighborhood
Open House
Corona Del Mar
$ 7,695,000
712 K Thanga
Corona Del Mar, CA 92625
- Type
- Single Family
- Size
- 3,788 SqFt
- Rooms
- 4 Beds + 4.5 Baths
Open House
Corona Del Mar
$ 14,299,000
1523 Dolphin Terrace
Corona Del Mar, CA 92625
- Type
- Single Family
- Size
- 3,244 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Based on information from California Regional Multiple Listing Service, Inc. as of September 12, 2026 8:38 PM UTC 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.
Based on information from CRISNet MLS as of September 12, 2026 8:25 PM UTC All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The MLS™ Combined LA/Westside MLS® (CLAW): All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2017 All rights reserved.
