
Corona Del Mar, California 92625
This Mediterranean-style coastal estate is a High-Potential Investment Opportunity listed at $5,999,000—positioned well below the $7,285,435 Fair Market Value by 17%. This significant valuation gap offers $1,286,435 in Instant Equity. Maintaining a Good Condition Rating, the residence features a rare 19,166 sqft level lot, panoramic ocean views, and a permitted guest house. Located in the elite Newport Mesa Unified district with 9/10 rated schools, it perfectly balances luxury living with forced appreciation potential. This is an ideal acquisition for Owner-Occupants or Luxury Value-Add Investors.
Property is move-in ready.
The property is move-in ready and exceptionally well-maintained for its 1987 construction. The kitchen and bathrooms have undergone updates featuring stone countertops and stainless steel appliances that, while not brand new, are high-quality and functional. The interior boasts vaulted ceilings and clean flooring, and the addition of a permitted pool house with a kitchenette and sauna indicates significant upkeep. It fits the 'good' category as a well-maintained home with major systems in good working order and no immediate need for renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19166, living area = 3875.
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated on a rare 19,000+ square foot level lot within an exclusive gated enclave of only 20 homes, offering unparalleled privacy and significant outdoor space that is highly coveted in Corona Del Mar.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =19166, other record lot size in square feet = 19494. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3875, other record living area = 3219. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With an original build date of 1987, the Mediterranean-style interiors and systems may require substantial contemporary upgrades to align with the expectations of the current luxury market at this price point.
The extensive grounds, including three separate grassy areas and a large pool/spa complex, demand significant ongoing landscaping and utility costs to maintain the property's premium curb appeal.
Timeless Mediterranean elegance on a rare 19,100 sq. ft. level view lot in Harbor Pointe, Newport Beach's exclusive gated enclave of only 20 detached homes. Towering palms, refreshing ocean breezes, soaring ceilings, and abundant natural light create an inviting coastal retreat just minutes from Fashion Island, Newport Center, world class dining, shopping and medical facilities. Designed for exceptional indoor-outdoor living, this home features 4 private outdoor spaces, including lush lawns, fruit trees, a tranquil garden courtyard, and an expansive pool and spa. It is ideal for entertaining, relaxing or watching boats skimming along the ocean. The main residence offers three ensuite bedrooms, including a luxurious primary suite with a fireplace, dramatic 2 story windows, and a private ocean view balcony. A spacious downstairs ensuite bedroom, light filled office/executive library, and living room with dramatic 22-foot vaulted ceiling (viewing on your private garden) complete the thoughtfully designed floor plan. The permitted detached pool/guest house includes a kitchenette, full bath, and sauna, offering outstanding flexibility for guests, multigenerational living, wellness, or a private studio. An oversized 12 car driveway plus an attached 3 car garage provide exceptional parking.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades PK-6 • 0.6 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,875 | 3,013 |
| Lot Size | 19,166 | 6,200 |
| Price | $5.60M | $5.92M |
| Price per sq ft | $1.4K | $2.1K |
| Built year | 1987 | 1977 |
| HOA | $380.0 | $685 |
| Days on market | 185 | 83 |
Jul 16, 2026
$5,600,000
$5,700,000
-2% Price Drop
Initial Listing
May 24, 2026
$5,700,000
$5,800,000
-2% Price Drop
Initial Listing
Apr 11, 2026
$5,800,000
$5,999,000
-3% Price Drop
Initial Listing
Jan 18, 2026
$5,999,000
Initial Listing
Apr 23, 1999
$850,000
Public Record