
Corona Del Mar, California 92625
This Bayfront Residential Estate represents a Strong Value Opportunity, listed at $19,500,000—positioned well below the $20,983,723 Fair Market Value by 7%. This valuation gap offers $1,483,723 in Instant Equity. While the home maintains a Condition Rating of 4, the dated kitchen finishes provide a clear path for value-add modernization. Featuring panoramic harbor views, a private boat slip, and proximity to Top-Rated Schools like Harbor View Elementary, this property is an ideal acquisition for High-Net-Worth Investors or Owner-Occupants seeking a premier waterfront lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2323 Bayside Drive Subject | $19,500,000* List Price | 6 | 7 | 6,262 | $3,351 | - |
A 2027 Bayside Drive Active | $16,495,000 List Price | 4 | 4 | 4,921 | $3,352 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000 (24 years old), the property exceeds the 20-year threshold for a 'Good' rating. While the home is exceptionally well-maintained and functional, the kitchen finishes—including the white cabinetry and granite counters—along with the interior millwork, are dated to the original construction era and require cosmetic updates to meet current luxury standards.
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Occupying a rare corner lot, the property offers exceptional panoramic views of Newport Harbor, the Wedge, and the Pacific Ocean, enhanced by an adjacent greenbelt for added privacy.
The residence includes a private boat slip capable of accommodating a vessel up to 55 feet, providing direct and convenient access to Newport Harbor for maritime enthusiasts.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6262, other record living area = 6021.
Although the property includes a private slip, the dock itself is shared with three other residences, which may be a drawback for buyers seeking absolute waterfront exclusivity.
Built in 2000, the home may require cosmetic updates or system upgrades to align with the ultra-modern aesthetic and smart-home standards expected at the $19.5M price point.
A rare bayfront offering in Corona del Mar, 2323 Bayside Drive occupies a private corner setting with sweeping views across Newport Harbor. Designed by renowned architect Robert A. Sinclair and built by Finton/Reeves, the residence reflects a timeless architectural sensibility, defined by grand proportions, lofty ceilings, and an abundance of natural light throughout. Set on a nearly 10,200 sf lot, the approximately 6,262 sf residence offers 6 bedrooms, 6.5 bathrooms, and 3-car garage. Its position along the harbor captures panoramic views spanning the harbor entrance, the famed Wedge, Balboa Pavilion, and the constant movement of boats across Newport Harbor. An adjacent greenbelt and open space further enhance the setting, bringing added privacy, natural light, and a sense of openness rarely found along the bayfront. Generous living spaces open toward the water, where a bayfront terrace with built-in barbecue provides an effortless setting for dining and entertaining. Approximately 40 feet of harbor frontage provides access to a shared four-residence dock with a private slip accommodating a vessel of approximately 55 feet. Offering enduring architecture, substantial scale, privacy, and direct access to Newport Harbor. 2323 Bayside Drive represents a rare waterfront opportunity in Corona del Mar, just moments from local beaches, dozens of restaurants, shops along PCH & CdM Plaza.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades K-6 • 1.3 mi
Grades K-6 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 7.0 | 3.4 |
| Square foot | 6,262 | 2,925.697 |
| Lot Size | 10,164 | 6,988.576 |
| Price | $19.50M | $6.26M |
| Price per sq ft | $3.1K | $2.1K |
| Built year | 2000 | 1984 |
| HOA | $0 | $678 |
| Days on market | 22 | 82 |
Aug 18, 2026
$19,500,000
Initial Listing
Sep 29, 1998
$1,800,000
Public Record