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

1218 Keel Drive, Corona Del Mar, California 92625 home-pic-0

1218 Keel Drive

Corona Del Mar, California 92625

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,930Sq Ft
11,200Lot Size

Property Price

LIST PRICE$4,299,000
EST. MARKET VALUE
$4,017,663
7% AboveMARKET VALUE

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

$4,017,663
Based on Realkey algorithm analyzing recent comparable sales in Corona Del Mar.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1218 Keel Drive
Subject
$4,299,000*
List Price
331,930$2,082-
A
3701 Inlet Isle Drive
Sold
$4,595,500422,357$1,9500.1 mi
B
35 Beachcomber Drive
Active
$3,395,000
List Price
321,911$1,7770.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

7/10

Harbor View Elementary School

Grades PK-6 • 0.7 mi

9/10

Roy O. Andersen Elementary School

Grades K-6 • 1.3 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
47%
Baths3.03.0
50%
Square foot1,9302,749
11%
Lot Size11,2009,375
60%
Price$4.30M$5.50M
28%
Price per sq ft$2.2K$2.0K
66%
Built year19701974
42%
HOA$1269.0$385
96%
Days on market32209
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

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