
Corona Del Mar, California 92625
This Fully Renovated Coastal Sanctuary represents a Prime Investment Opportunity, listed at $7,250,000—positioned well below the $7,398,000 Fair Market Value by 2%. This valuation gap provides $148,000 in Instant Equity for a residence in Mint Condition. The home features panoramic mountain and city light views, a gourmet kitchen with Taj Mahal quartzite, and a resort-style backyard with a pool and spa. Located near 9/10 rated schools like Harbor View Elementary, it offers an elite lifestyle. This is an exceptional acquisition for Luxury Homeowners or Owner-Occupants seeking a turnkey estate.
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 | $1,639 | - |
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.
The property is in mint condition following a full recent renovation (less than 5 years ago). It features a high-end gourmet kitchen with Taj Mahal quartzite, updated bathrooms, new plumbing, new lighting, and fresh interior/exterior paint. Built in 2009 but completely modernized, it requires no maintenance and is in move-in-ready condition.
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
The floor plan is highly desirable for luxury buyers, featuring the primary suite and three guest bedrooms on the main level, offering the convenience of single-story living with a bonus upstairs retreat.
The home boasts premium turn-key finishes, including Taj Mahal quartzite countertops, limestone and hardwood flooring, and bi-folding door systems that facilitate a seamless indoor-outdoor lifestyle.
The property was purchased for $6.1M in May 2024; the current $7.25M asking price represents a significant markup in less than a year, which may invite scrutiny regarding its market value.
Between the $685 monthly association fee and the substantial property tax base at this price point, the ongoing fixed costs for this residence are relatively high.
Positioned to capture panoramic mountain and city light views, this fully renovated home offers the convenience of single level living with the primary bedroom and 3 guest suites on the main level 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 | 4.0 | 84% |
| Baths | 6.0 | 4.0 | 85% |
| Square foot | 4,423 | 2,910 | 82% |
| Lot Size | 12,805 | 7,350 | 75% |
| Price | $7.25M | $6.40M | 60% |
| Price per sq ft | $1.6K | $2.1K | 22% |
| Built year | 2009 | 1977 | 69% |
| HOA | $685.0 | $175 | 64% |
| Days on market | 108 | 154 | 25% |
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