1200 Outrigger Drive, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 4 bed, 2 bath

1200 Outrigger Drive, Corona Del Mar, California 92625 home-pic-0
ACTIVE$4,950,000
1200 Outrigger Drive, Corona Del Mar, California 92625
4Beds
2Baths
2,185Sqft
12,200Lot

Price Vs. Estimate

The estimated value ($4,083,623.41) is $866,376.59 (17%) lower than the list price ($4,950,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12200, living area = 2185.
Top Cons:
Substantial Construction Required: The property is being sold with 'Permit Ready' plans for a new build, indicating the existing 1970 structure (2,185 sqft) likely requires demolition or extensive renovation, representing a significant additional investment beyond the purchase price.

Compared to the nearby listings

Price:$4.95M vs avg $5.00M ($-50,000)49%
Size:2,185 sqft vs avg 2,555 sqft29%
Price/sqft:$2.3K vs avg $2.0K63%

More Insights

Built in 1970 (55 years old).
Condition: The property was built in 1970, making it 55 years old. The listing explicitly states that it is being sold with 'Permit Ready' plans for a new 6,050 sq. ft. contemporary home, and the existing 2,185 sq. ft. structure 'likely requires demolition or extensive renovation.' This indicates the current structure is considered beyond repair or useful for the intended new development, with its value primarily in the land and approved plans, fitting the 'Tear-down' criteria.
Year Built
1970
Close
-
List price
$4.95M
Original List price
$4.95M
Price/Sqft
$2,265
HOA
$110
Days on market
-
Sold On
-
MLS number
OC25057571
Home ConditionTear down
Features
Good View: Canyon, Peek-A-Boo
Pool
Spa
Patio
ViewCanyon, Peek-A-Boo

About this home

Harbor Breeze’ is a stunning contemporary home designed by acclaimed Newport Beach architectural firm, Brion Jeannette Architecture. It is perched on a corner site in Harbor View Hills South providing extensive natural sunlight and harbor breezes.  The home includes approximately 6,050 sq. ft. of livable space plus a 1,790 sq. ft. oversized (3) car garage with a storage and elevator to main floor. The Primary bedroom enjoys a private garden off its spectacular bathroom and includes 3 additional bedrooms with ensuite baths, a home Office, a generous Great Room, a formal Living Room & large Dining Room.  A full basement of approximately 1,160 sq. ft. with wet bar and bathroom becomes an ideal recreation room and can be fashioned into whatever form the owner desires. The Main Kitchen is designed for cooking with a large Island seating.  A secondary fully equipped kitchen is designed for catering or cooking foods that are best handled out of sight.  Harbor Breeze includes a central interior courtyard as well as a California Room off the Family Room and Breakfast area.  This open living space includes a variety of amenities including an outdoor fireplace and direct access to the pool, spa and BBQ area making entertainment a breeze.    This home design is HOA approved and ‘Permit Ready’ from the City of Newport Beach.

Nearby schools

7/10
Abraham Lincoln Elementary School
Public,K-60.6mi
9/10
Harbor View Elementary School
Public,PK-60.8mi
9/10
Roy O. Andersen Elementary School
Public,K-61.3mi
9/10
Newport Coast Elementary School
Public,PK-61.9mi
9/10
Corona Del Mar High School
Public,7-122.5mi
Condition Rating
Tear down

The property was built in 1970, making it 55 years old. The listing explicitly states that it is being sold with 'Permit Ready' plans for a new 6,050 sq. ft. contemporary home, and the existing 2,185 sq. ft. structure 'likely requires demolition or extensive renovation.' This indicates the current structure is considered beyond repair or useful for the intended new development, with its value primarily in the land and approved plans, fitting the 'Tear-down' criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12200, living area = 2185.
Great Schools: Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Pre-Approved Architectural Masterpiece: The property includes HOA-approved and city-permit-ready plans by acclaimed Brion Jeannette Architecture for a 6,050 sq. ft. contemporary home, significantly streamlining the design and approval process for a luxury new build.
Prime Corner Lot with Natural Advantages: Situated on a desirable corner site in Harbor View Hills South, the location offers extensive natural sunlight, refreshing harbor breezes, and 'Canyon, Peek-A-Boo' views.
Expansive & Luxurious Proposed Features: The planned home boasts a grand scale with 6,050 sq. ft. of living space, an oversized 3-car garage with elevator, dual gourmet kitchens, and a versatile 1,160 sq. ft. basement with wet bar.
Exceptional Indoor-Outdoor Entertainment: Designed with a central interior courtyard, a California Room with an outdoor fireplace, and direct access to a pool, spa, and BBQ area, ideal for sophisticated entertaining.
Thoughtful & Functional Layout: The proposed design includes a private primary suite with a garden, three additional en-suite bedrooms, a dedicated home office, and multiple spacious living and dining areas.

Cons

Substantial Construction Required: The property is being sold with 'Permit Ready' plans for a new build, indicating the existing 1970 structure (2,185 sqft) likely requires demolition or extensive renovation, representing a significant additional investment beyond the purchase price.
Extended Project Timeline & Management: Buyers must be prepared for the time-consuming process of construction, including managing contractors, materials, and potential delays, before the envisioned luxury home can be realized.
High Upfront Capital Outlay: The list price is for the land and approved plans; the buyer will need substantial additional capital for the construction of a 6,050 sq. ft. custom home, which will be a multi-million dollar project.

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