44 Drakes Bay Drive, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 5 bed, 6 bath

44 Drakes Bay Drive
Corona Del Mar, California 92625
Property Price
SUMMARY
Analysis of 44 Drakes Bay Drive, Corona Del Mar, California 92625 reveals a Prime Investment Opportunity with a current list price of $7,398,000—significantly undercutting the $8,105,574 Fair Market Value by 8%. This valuation gap indicates a +$707,574 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44 Drakes Bay Drive Subject | $7,398,000* List Price | 5 | 6 | 4,423 | $1,833 | - |
A 49 Cambria Drive Sold | $9,500,000 | 5 | 5 | 4,682 | $2,029 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property has undergone a comprehensive, high-end renovation within the last two years, featuring brand-new limestone and hardwood flooring, updated plumbing, and designer lighting throughout. The gourmet kitchen is equipped with premium Taj Mahal quartzite countertops and top-tier stainless steel appliances, while the bathrooms have been recently updated to modern luxury standards. The addition of bi-folding door systems and a resort-style outdoor kitchen further confirms its status as a fully modernized, turnkey estate with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Panoramic Views & Privacy
Situated on a quiet, single-loaded street, the home captures breathtaking mountain and city light views, preserved by glass railings to ensure unobstructed vistas from multiple vantage points.
- Resort-Style Outdoor Living
The expansive lot features a pool, spa, and a covered loggia with a full outdoor kitchen, seamlessly integrated via bi-folding door systems for elite indoor-outdoor entertaining.
CONSRISKS & DEFICIENCIES
- Significant Price Appreciation
The current list price reflects a substantial increase over the 2024 sale price, which may lead to closer buyer scrutiny regarding the market premium relative to the recent upgrades.
- Multi-Level Configuration
While marketed for single-level convenience, the presence of an upstairs bonus room, gym, and bedroom may not align with buyers seeking a strictly one-story floor plan.
About 44 Drakes Bay Drive
Positioned to capture panoramic mountain and city light views, this fully renovated home offers the convenience of single level living complemented by an additional upstairs bonus room and en suite bedroom and gym. Set on an expansive lot, the property features a gated entry courtyard and a resort style backyard with a pool, spa, and spacious patio, ideal for both everyday living and entertaining. The main level includes four well appointed bedrooms including the primary suite, New limestone and hardwood flooring, fresh paint interior and exterior, plumbing, and new lighting has been added throughout the home, enhancing its fresh, transitional appeal while the vaulted ceilings with exposed beams and hardwood floors adds character and warmth. The gourmet kitchen is equipped with Taj Mahal quartzite countertops, custom cabinetry, and high end stainless steel appliances, including dual ovens and a built-in refrigerator. The open concept layout flows into the family room, where a fireplace and large center island create an inviting gathering space. Designed for seamless indoor outdoor living with two sets of bi folding door systems, multiple rooms open directly to the backyard, where a covered loggia with a full outdoor kitchen extends the living space. Glass railings preserve unobstructed views, while custom lighting enhances the outdoor ambiance. The primary suite features a walk in closet, dual vanities, and a walk in shower. Generously sized secondary bedrooms and recently updated bathrooms. Located on a quiet, single loaded street, this home offers privacy while remaining close to hiking trails, parks, and top coastal destinations, including Fashion Island, Crystal Cove State Park, and Corona del Mar.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2009
- Lot Size
- 12,805 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $685.0 / Month
Neighborhood Insights
Corona Del Mar Unified Schools
Abraham Lincoln Elementary School
Grades K-6 • 1.0 mi
Roy O. Andersen Elementary School
Grades K-6 • 1.1 mi
Newport Coast Elementary School
Grades PK-6 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 74% |
| Baths | 6.0 | 4.0 | 83% |
| Square foot | 4,423 | 2,796 | 77% |
| Lot Size | 12,805 | 9,375 | 70% |
| Price | $7.40M | $5.75M | 62% |
| Price per sq ft | $1.7K | $2.0K | 30% |
| Built year | 2009 | 1974 | 85% |
| HOA | $685.0 | $385 | 57% |
| Days on market | 8 | 208 | 2% |
Pricing History
Listed for Sale
Feb 27, 2026
$7,398,000
Initial Listing
Sold
May 24, 2024
$6,100,000
Public Record
Sold
May 14, 1998
$639,000
Public Record





















































