
Corona Del Mar, California 92625
This Shovel-Ready Coastal Development Opportunity is a Prime Investment Opportunity listed at $8,200,000—positioned well below the $8,569,763 Fair Market Value by 4%. This valuation gap offers $369,763 in Instant Equity for buyers. The property includes Approved Brandon Architects Plans for an 8,250-square-foot estate and holds a Development-Ready Condition Rating. With Panoramic Ocean Views and proximity to Harbor View Elementary, this site leverages high local demand for custom luxury builds. This is a premier acquisition for Luxury Developers or Custom Estate Visionaries.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3001 Harbor View Subject | $8,200,000* List Price | 4 | 3 | 2,650 | $3,234 | - |
A 1727 Galatea Terrace Sold | $8,505,000 | 3 | 2 | 2,320 | $3,666 | 0.9 mi |
B 2915 Pebble Drive Sold | $7,550,000 | 4 | 4 | 3,313 | $2,279 | 0.1 mi |
C 251 Driftwood Road Sold | $5,750,000 | 2 | 3 | 1,604 | $3,585 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is marketed as a shovel-ready development opportunity with fully approved plans for a new 8,250-square-foot residence. The existing 1962 structure is dated and provides limited utility, with the listing's value derived almost entirely from the land, panoramic views, and architectural entitlements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11680, living area = 2650.
Elementary School: Roy O. Andersen Elementary School (9/10). High School: Corona Del Mar High School (9/10).
The property comes with fully approved plans by Brandon Architects and permits from both the City and HOA, saving the buyer years of entitlement lead time for an 8,250-square-foot luxury estate.
The $8.2M list price covers the land and plans only; the buyer must incur substantial additional construction costs to realize the proposed 8,250-square-foot residence.
The existing 1962 structure is modest and dated compared to the asking price, making this primarily a land-value acquisition rather than a move-in ready luxury home.
An exceptional opportunity to create a landmark coastal residence on a premier Corona del Mar view site. Included with the property are fully approved plans by the highly regarded Brandon Architects, along with architectural, engineering, landscape, and interior design packages approved by both the City and HOA, complete and ready to build. The finalized plans detail a residence of approximately 8,250 square feet spanning two levels on a 12,000-square-foot lot. The main level encompasses approximately 4,400 square feet and is designed for both everyday living and entertaining, bringing together the primary suite, three additional en-suite bedrooms, the great room, kitchen, dining area, butler’s pantry, mudroom, a covered outdoor dining area, and 3-car garage. An elevator is also integrated into the plans. Spanning approximately 3,840 square feet, the lower level extends the home’s amenities beyond the expected, including a media lounge, private gym, spa with sauna, pool bath, guest suite, bunk room, laundry and craft room, kitchenette, and private office. Opening directly to the pool terrace and covered pool deck, it is integral to the home’s exceptional livability. Outdoors, the resort-caliber pool and spa are positioned to capture the full panorama of coast and sky. A fireplace anchors the covered dining terrace, while the pool deck extends the living experience toward the view.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades K-6 • 0.6 mi
Grades K-6 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,650 | 2,765 | 45% |
| Lot Size | 11,680 | 7,350 | 70% |
| Price | $8.20M | $5.71M | 72% |
| Price per sq ft | $3.1K | $2.0K | 83% |
| Built year | 1962 | 1974 | 26% |
| HOA | $750.0 | $645 | 57% |
| Days on market | 23 | 197 | 4% |
Mar 30, 2026
$8,200,000
Initial Listing
Apr 24, 2024
$6,700,000
Public Record
Sep 14, 2022
$4,000,000
Public Record