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 home-pic-0

44 Drakes Bay Drive

Corona Del Mar, California 92625

ACTIVE
CONDITION: EXCELLENT
5Beds
6Baths
4,423Sq Ft
12,805Lot Size

Property Price

LIST PRICE$7,398,000
EST. MARKET VALUE
$8,105,574
8% BelowMARKET VALUE

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

$8,105,574 +$707,574 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Corona Del Mar.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
44 Drakes Bay Drive
Subject
$7,398,000*
List Price
564,423$1,833-
A
49 Cambria Drive
Sold
$9,500,000554,682$2,0290.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

7/10

Roy O. Andersen Elementary School

Grades K-6 • 1.1 mi

9/10

Newport Coast Elementary School

Grades PK-6 • 1.1 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.04.0
74%
Baths6.04.0
83%
Square foot4,4232,796
77%
Lot Size12,8059,375
70%
Price$7.40M$5.75M
62%
Price per sq ft$1.7K$2.0K
30%
Built year20091974
85%
HOA$685.0$385
57%
Days on market8208
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

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