
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.
If you want low-slung ceilings and a cave-like interior, this home is NOT FOR YOU! It has 22-foot soaring ceilings and tall windows to let in lots of light. If you want smelly smog and heat, SKIP THIS HOME. The mornings at this house soothe you with coastal fog and cool ocean breezes. If you want high fire or high earthquake zones, SKIP THIS HOME. It is NOT in a fire, earthquake or flood zone. If you want to be cookie-cutter, instead of having a blank slate for your own decorative taste, SKIP THIS HOME. If you want close-in, condo-like living, SKIP THIS HOME. It is on almost 1/2 acre, level lot. If you don't have a car and hate having guests, SKIP THIS HOME. You won't need the 3-car garage or 12-car driveway. If you don't like being close to shopping, the beach, and schools, STOP READING NOW. This home is TOO CONVENIENT FOR YOU. If you want to look out from your bedroom into someone else's bedroom, FORGET IT. It has an ocean view and yards all around. If you hate having a separate pool house/guest house, this home is NOT FOR YOU! You also won't want to use it as a gym, influencer studio or office. If you hate the idea of living in the most petite gated community in Newport Beach, PLEASE STAY AWAY! This one has only 20 homes.
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 | 3.0 | 4.0 |
| Baths | 5.0 | 3.4 |
| Square foot | 3,875 | 2,925.697 |
| Lot Size | 19,166 | 6,988.576 |
| Price | $5.40M | $6.26M |
| Price per sq ft | $1.4K | $2.1K |
| Built year | 1987 | 1984 |
| HOA | $380.0 | $678 |
| Days on market | 234 | 82 |
Sep 4, 2026
$5,400,000
$5,600,000
-4% Price Drop
Initial Listing
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