
Corona Del Mar, California 92625
Analysis of 2525 Ocean Boulevard 6b & 6c, Corona Del Mar, California 92625 is currently available with a list price of $5,995,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Corona Del Mar Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1963 and currently stripped to the studs, the property is unlivable in its present state. It lacks functional kitchens, bathrooms, and systems, representing a shell/land-value opportunity for a complete custom build-out.
The property features an extraordinary 98 feet of view frontage, providing expansive panoramic vistas of Newport Harbor, the Pacific Ocean, and Catalina Island.
Currently stripped to the studs and sold with approved plans, this offering provides a rare 'blank canvas' for a buyer to create a fully customized, high-end coastal retreat.
Located in a gated waterfront community, the property offers premium perks including available boat slips, on-site management, and a saltwater pool along the harbor.
The units require a complete build-out from a raw state, necessitating a substantial investment of time, management, and additional capital before the home is habitable.
The association fee of $2,592 per month is relatively high, representing a significant ongoing expense that must be paid throughout the duration of the renovation process.
Set on the most westerly waterfront position of Channel Reef, this exceptional offering presents two penthouse units, 6B and 6C, to be sold together and reimagined as one spacious waterfront residence. Never before offered as a single combined home, the property enjoys a remarkable 98 feet of view frontage, capturing an awe-inspiring panorama of Newport Harbor, the channel entrance, city lights, the sparkling Pacific Ocean, Catalina Island, and the scenic surf line at Peninsula Point. The property is being sold with approved plans by renowned architect and designer, Michael Fullen, for a thoughtfully designed three-bedroom, three-and-one-half-bath waterfront home. Each unit was previously fashioned with two bedrooms and two baths, with 6B offering approximately 1,371 square feet and 6C offering approximately 1,232 square feet, creating a combined footprint of approximately 2,603 square feet. Currently taken down to the studs, this is a rare blank canvas for an investor, developer, or end-user to create a fully customized coastal retreat in one of Newport Beach’s most treasured waterfront settings. A continuum of floor-to-ceiling glass frames the splendor of the harbor, ocean horizon, and ever-changing coastal scenery. One of just a few gated waterfront buildings in coastal Orange County, Channel Reef offers an exceptional lifestyle with unique harbor access, 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 the same floor as the units, and a saltwater pool and spa set along the tranquil waterway. This is an extraordinary opportunity to create your ideal living environment while enjoying the inimitable lifestyle benefits of this idyllic waterfront enclave moments from Balboa Island, Corona del Mar Village, Fashion Island, Newport Harbor, and Newport Beach’s coveted coastal dining, shopping, and recreation.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades K-6 • 1.4 mi
Grades K-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,603 | 1,402 |
| Lot Size | - | 3,540 |
| Price | $6.00M | $3.19M |
| Price per sq ft | $2.3K | $2.0K |
| Built year | 1963 | 2014 |
| HOA | $2592.0 | $1.1K |
| Days on market | 46 | 77 |
Jul 10, 2026
$5,995,000
$6,495,000
-8% Price Drop
Initial Listing
Jun 6, 2026
$6,495,000
Initial Listing
Jun 9, 2010
$1,435,000
Public Record