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1535 Dolphin Terrace, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 3 bed, 4 bath

1535 Dolphin Terrace, Corona Del Mar, California 92625 home-pic-0
ACTIVE$13,475,000
1535 Dolphin Terrace, Corona Del Mar, California 92625
3Beds
4Baths
3,312Sqft
10,750Lot
Year Built
1992
Close
-
List price
$13.47M
Original List price
$13.99M
Price/Sqft
$4,069
HOA
$60
Days on market
-
Sold On
-
MLS number
OC25135996
Home ConditionGood
Features
Excellent View: Catalina, City Lights, Coastline, Harbor, Ocean, Panoramic, Water
Pool
Patio
ViewCatalina,City Lights,Coastline,Harbor,Ocean,Panoramic,Water

About this home

We found 3 Cons,6 Pros. Rank: price - $13.47M(95th), sqft - 3312(75th), beds - 3(50th), baths - 4(61th).

Perched on the front row of Corona del Mar’s coveted Irvine Terrace, 1535 Dolphin Terrace commands some of the most captivating views in all of Orange County. With an unmatched vantage point overlooking the mouth of the Newport Jetty, Harbor, Balboa Island, Catalina Island, and the sparkling Pacific and beyond, this property offers a front-row seat to the region’s most iconic sights—including nightly city lights, Fourth of July fireworks, and the world-famous Christmas Boat Parade. Ideally positioned across from the Newport Beach Country Club and moments from Fashion Island, Balboa Island, and the CDM Village, this single-level home offers both comfort and convenience in one of the coast’s most desirable neighborhoods. Inside, walls of glass frame the panoramic vistas from the great room, kitchen, and primary suite. The open-concept layout is perfect for entertaining, with a glass-enclosed dining area and expansive terrace for al fresco gatherings year-round. The resort-style backyard features an infinity-edge pool and elevated viewing terrace, ideal for watching boats glide through the channel by day and enjoying glowing sunsets and city lights by night. The primary suite includes a cozy fireplace and a spa-like bathroom with ocean-facing soaking tub, double vanities, and a walk-in shower. Whether you’re looking to move right in, renovate, or build your dream home, this is a rare opportunity to own one of CDM’s most iconic view properties in an unbeatable location.

Nearby schools

9/10
Harbor View Elementary School
Public,•PK-6•0.9mi
7/10
Abraham Lincoln Elementary School
Public,•K-6•1.4mi
9/10
Roy O. Andersen Elementary School
Public,•K-6•1.8mi
9/10
Newport Coast Elementary School
Public,•PK-6•3.5mi
9/10
Corona Del Mar High School
Public,•7-12•2.0mi

Price History

Date
Event
Price
10/03/25
Price Change
$13,475,000-3.7%
08/06/25
Listing
$13,995,000
Condition Rating
Good
The property, built in 1992, presents a very well-maintained and largely updated interior with a modern aesthetic, particularly evident in the living areas, kitchen, and primary bathroom. The kitchen features contemporary white cabinetry, high-end stainless steel appliances (including a built-in refrigerator and double ovens), and a large island with a waterfall edge, suggesting a recent renovation. The primary bathroom boasts a modern freestanding tub, dual vanities, and a spacious walk-in shower, aligning with current luxury standards. Flooring throughout appears to be a mix of light wood-look tile/plank and natural stone, all in excellent condition. Recessed lighting and modern fixtures are present. However, the listing description itself mentions the option to 'renovate, or build your dream home,' and the property analysis notes 'Absence of Explicit Modernization Details' for the *entire* property, implying that while key areas are updated, it may not have undergone a full, comprehensive renovation within the last 5 years to qualify as 'Excellent' given its 1992 build year. Some elements, though well-kept, might still reflect an earlier renovation phase or original construction in secondary areas not fully pictured. Therefore, it falls into the 'Good' category as move-in ready with minimal wear, but not 'virtually new' throughout.
Pros & Cons

Pros

Great Schools: Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Unrivaled Panoramic Views: The property boasts some of Orange County's most captivating views, encompassing the Newport Jetty, Harbor, Balboa Island, Catalina Island, Pacific Ocean, and city lights, offering unique experiences like Fourth of July fireworks and the Christmas Boat Parade.
Prestigious Front-Row Location: Situated on the front row of Corona del Mar’s coveted Irvine Terrace, the home offers an unbeatable address across from Newport Beach Country Club and moments from Fashion Island, Balboa Island, and CDM Village.
Resort-Style Outdoor Living: The backyard features an infinity-edge pool and an elevated viewing terrace, perfect for entertaining and enjoying the scenic channel activity, glowing sunsets, and city lights.
Desirable Single-Level Floor Plan: Offering comfort and convenience, the single-level layout appeals to a wide range of buyers seeking ease of access and a seamless living experience.
Significant Development Potential: This rare opportunity allows buyers the flexibility to move in, renovate, or build a new dream home, highlighting the intrinsic value of the land and prime location.

Cons

Potential for Extensive Renovation/Rebuild: Built in 1992, the property's description explicitly offers the option to 'renovate, or build your dream home,' suggesting that the existing structure may not fully align with current luxury standards for some buyers, potentially requiring substantial additional investment.
Limited Buyer Pool: The ultra-luxury price point of over $13 million significantly narrows the market of potential buyers, which could lead to a longer sales cycle compared to properties in lower price tiers.
Absence of Explicit Modernization Details: While the primary suite features a spa-like bathroom, the listing lacks comprehensive details on recent, full-scale modern upgrades or smart home technology throughout the entire property, which is often a key expectation for luxury homes of this vintage.

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