2525 Ocean Boulevard 6b/c, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 3 bed, 3 bath

2525 Ocean Boulevard 6b/c, Corona Del Mar, California 92625 home-pic-0
ACTIVE$7,995,000
2525 Ocean Boulevard 6b/c, Corona Del Mar, California 92625
3Beds
3Baths
2,600Sqft
Lot
Year Built
1963
Close
-
List price
$8M
Original List price
$8M
Price/Sqft
$3,075
HOA
$1,600
Days on market
-
Sold On
-
MLS number
OC25240451
Home ConditionTear down
Features
Excellent View: Bay, Catalina, City Lights, Coastline, Harbor, Ocean, Panoramic, Water
Pool
Spa
ViewBay,Catalina,City Lights,Coastline,Harbor,Ocean,Panoramic,Water

About this home

We found 3 Cons,6 Pros. Rank: price - $8.00M(97th), sqft - 2600(94th), beds - 3(50th), baths - 3(50th).

Arguably, the most spectacular views in the region, this distinct location affords a rare and awe-inspiring panorama of the Newport Harbor, the channel entrance, city lights, a vast expanse of the sparkling Pacific, Catalina Island, and the scenic surf line at Peninsula Point. Two penthouse units – never before offered as a single spacious residence – set on the most westerly waterfront position of Channel Reef and crowned by a continuum of floor-to-ceiling glass, capture the splendor of the charming Harbor and ocean horizon. Each previously fashioned with two bedrooms and two baths, the units are presented for sale with approved plans for a one generously accommodating three-bedroom, three and a half bath, enjoying a combined 98 feet of view frontage and approximately 2,600 square feet of living space. One of just a few gated waterfront buildings in coastal Orange County, Channel Reef affords not only extraordinary views, but also unique access to the harbor; available on-property boat slips; elevators servicing all levels; on-site management during staffed hours; private, gated parking for residents and guests; two designated covered vehicle spaces on same floor as unit; and a saltwater pool and spa set along the tranquil waterway. This is an exceptional opportunity to develop your ideal living environment and experience the inimitable lifestyle benefits of this idyllic enclave.

Nearby schools

9/10
Harbor View Elementary School
Public,PK-60.7mi
7/10
Abraham Lincoln Elementary School
Public,K-61.4mi
9/10
Roy O. Andersen Elementary School
Public,K-62.1mi
9/10
Newport Coast Elementary School
Public,PK-63.2mi
9/10
Corona Del Mar High School
Public,7-122.6mi

Price History

Date
Event
Price
10/15/25
Listing
$7,995,000
Condition Rating
Tear down

The property, built in 1963, is being sold as two combined penthouse units with approved plans for a complete interior build-out. The images clearly show the interior is a raw shell with exposed ceilings, concrete floors, and no finished walls, kitchen, or bathrooms. The description explicitly states 'Significant Renovation Required' and 'development and build-out.' This means the unit is unlivable in its current state and requires a full interior reconstruction, aligning with the 'tear-down' criteria for the interior space, where value is based on location and redevelopment potential rather than existing livable components.
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: Offers arguably the most spectacular views in the region, encompassing Newport Harbor, the Pacific Ocean, Catalina Island, city lights, and coastline from extensive floor-to-ceiling glass.
Exclusive Waterfront Penthouse: A rare offering of two combined penthouse units in the most westerly waterfront position of a gated community, providing unique harbor access.
Premium Community Amenities: Features include on-property boat slips, elevators, on-site management, private gated parking with two dedicated spaces, and a saltwater pool and spa.
Customization Potential with Approved Plans: Sold with approved plans to create a spacious 3-bedroom, 3.5-bath residence, allowing the buyer to develop a personalized luxury living environment.
Expansive Living Space & View Frontage: The combined units offer approximately 2,600 square feet of living space with an impressive 98 feet of continuous view frontage.

Cons

Significant Renovation Required: The property is offered as two units with approved plans for combination, meaning the buyer will incur substantial additional costs and time for the development and build-out of the single residence.
High Monthly Association Fees: A considerable monthly association fee of $1,600 adds a significant ongoing expense to ownership.
Building Age: Constructed in 1963, the building is over 60 years old, which may imply potential for future maintenance, assessments, or a need for updates to common areas, despite the unit's planned renovation.

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