
Corona Del Mar, California 92625
This Fully Renovated Luxury Estate is a Strong Value Opportunity, listed at $7,398,000—positioned well below the $8,152,662 Fair Market Value by 9%. This valuation gap provides $754,662 in Instant Equity for a property in Pristine Condition. The residence features panoramic mountain views, a resort-style pool and spa, and a gourmet kitchen with Taj Mahal quartzite. Located in the prestigious Spyglass Hill near top-rated schools like Harbor View Elementary, it offers a seamless coastal lifestyle. This is an exceptional acquisition for Owner-Occupants or Luxury Real Estate Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44 Drakes Bay Drive Subject | $7,250,000* List Price | 5 | 6 | 4,423 | $1,673 | - |
A 6 Monterey Circle Active | $6,495,000 List Price | 6 | 4 | 3,527 | $1,842 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property has undergone an extensive recent renovation that brings it to current luxury standards. It features a high-end gourmet kitchen with Taj Mahal quartzite and premium appliances, new limestone and hardwood flooring, updated plumbing, and modern lighting throughout. The addition of bi-folding door systems and a resort-style backyard with a full outdoor kitchen confirms its status as a fully updated, move-in-ready estate with no deferred maintenance.
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated on a quiet, single-loaded street in the prestigious Spyglass Hill, the property offers unobstructed panoramic mountain and city light views, further enhanced by glass railings and a prime Corona Del Mar address.
The home has been meticulously updated with designer finishes, including Taj Mahal quartzite countertops, new limestone and hardwood flooring, and a gourmet kitchen with premium stainless steel appliances, offering a move-in-ready transitional aesthetic.
The current list price represents a substantial increase over the property's 2024 sale price of $6.1M, which may lead to appraisal challenges or buyer resistance despite the extensive renovations.
Although marketed for single-level convenience, the gym and bonus room are located on the upper level, which may be a drawback for buyers strictly seeking a true one-story floor plan.
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.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades K-6 • 1.1 mi
Grades PK-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 81% |
| Baths | 6.0 | 3.0 | 81% |
| Square foot | 4,423 | 2,796 | 79% |
| Lot Size | 12,805 | 7,350 | 75% |
| Price | $7.25M | $5.71M | 62% |
| Price per sq ft | $1.6K | $2.0K | 28% |
| Built year | 2009 | 1975 | 77% |
| HOA | $685.0 | $645 | 51% |
| Days on market | 54 | 197 | 8% |
Apr 9, 2026
$7,250,000
$7,398,000
-2% Price Drop
Initial Listing
Feb 27, 2026
$7,398,000
Initial Listing
May 24, 2024
$6,100,000
Public Record
May 14, 1998
$639,000
Public Record