1218 Keel Drive, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 3 bed, 3 bath

1218 Keel Drive
Corona Del Mar, California 92625
Property Price
SUMMARY
Analysis of 1218 Keel Drive, Corona Del Mar, California 92625 reveals a property with a current list price of $4,299,000, which is 7% above the estimated $4,017,663 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Corona Del Mar Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1218 Keel Drive Subject | $4,299,000* List Price | 3 | 3 | 1,930 | $2,082 | - |
A 3701 Inlet Isle Drive Sold | $4,595,500 | 4 | 2 | 2,357 | $1,950 | 0.1 mi |
B 35 Beachcomber Drive Active | $3,395,000 List Price | 3 | 2 | 1,911 | $1,777 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property underwent an extensive coastal contemporary remodel in 2019, featuring high-end finishes throughout. The chef's kitchen is equipped with a premium Thermador Pro appliance suite and custom cabinetry, while the interior boasts soaring ceilings, modern hardwood flooring, and updated bathrooms. All systems and aesthetic components meet current luxury standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 11200, living area = 1930.
- Great Schools
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Significant Development Potential
The massive 11,200 sq.ft. corner lot is a rare find in Corona Del Mar and comes with tentative architectural plans for a 4,200 sq.ft. custom residence, offering immense value for future expansion or redevelopment.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-03-31. The sold price is $4,000,000.00.
- Limited Living Square Footage
At approximately 1,930 sq.ft., the current living space is relatively small for the $4.3M price point, resulting in a high price-per-square-foot that may deter buyers seeking a larger move-in-ready home.
- Lack of Views
The property listing indicates no views, which is a notable drawback in a luxury coastal market like Corona Del Mar where buyers often prioritize ocean or canyon vistas.
About 1218 Keel Drive
**$500K PRICE ADJUSTMENT!** Thoughtfully remodeled in 2019, this coastal contemporary single-level residence is set on a corner lot within a quiet cul-de-sac in the desirable Harbor View Hills South community. The home offers 3 bedrooms and 2.5 bathrooms in approx 1,930 sq.ft. of living space on a massive 11,200 sq.ft. lot. Designed for seamless indoor-outdoor living, the open floor plan is filled with natural light and connects effortlessly to expansive exterior spaces ideal for entertaining. The primary living spaces center around a chef’s kitchen featuring a full Thermador Pro appliance suite, custom cabinetry, and tons of built-ins. The reconfigured layout allows the home to live larger than its footprint with soaring ceilings, multiple points of entry to the outdoor spaces throughout and an enhanced primary suite. Set on a rarely available oversized lot, the property offers a compelling blend of immediate livability and future potential. In addition to the existing home, the current owner has tentative architectural building plans for a new custom residence of approximately 4,200 sq.ft. of living space, including a guest house, offering a unique opportunity to create a bespoke coastal estate (buyer to verify; plans available upon request). The expansive property allows for a wide range of possibilities, from further enhancing outdoor living to adding a pool or reimagining the site entirely. Existing outdoor spaces include a relaxed front patio, raised garden beds, and a spacious rear yard with a custom wet bar and built-in grilling station. Ideally located just minutes from the CdM Village, Fashion Island, award-winning schools, and OC’s finest beaches, this property offers a rare blend of lifestyle, flexibility, and long-term upside in one of CdM’s most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1970
- Lot Size
- 11,200 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1269.0 / Month
Neighborhood Insights
Corona Del Mar Unified Schools
Abraham Lincoln Elementary School
Grades K-6 • 0.6 mi
Harbor View Elementary School
Grades PK-6 • 0.7 mi
Roy O. Andersen Elementary School
Grades K-6 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,930 | 2,749 | 11% |
| Lot Size | 11,200 | 9,375 | 60% |
| Price | $4.30M | $5.50M | 28% |
| Price per sq ft | $2.2K | $2.0K | 66% |
| Built year | 1970 | 1974 | 42% |
| HOA | $1269.0 | $385 | 96% |
| Days on market | 32 | 209 | 2% |
Pricing History
Listed for Sale
Feb 26, 2026
$4,299,000
$4,499,000
-4% Price Drop
Initial Listing
Price Change
Feb 13, 2026
$4,499,000
$4,799,000
-6% Price Drop
Initial Listing
Price Change
Feb 4, 2026
$4,799,000
Initial Listing
Sold
Mar 31, 2025
$4,000,000
Public Record
Sold
Jun 4, 2018
$2,000,000
Public Record
Sold
Jun 10, 2004
$1,495,000
Public Record
Sold
May 26, 1999
$680,000
Public Record





































