
Corona Del Mar, California 92625
This High-Potential Investment Opportunity is listed at $5,795,000, positioned well below the $5,920,028 Fair Market Value by 2%, offering $125,028 in Instant Equity. Featuring a Condition Rating of 2 with modern renovations, the property boasts unobstructed panoramic ocean views and significant expansion potential to nearly 5,000 sq ft. Located in the prestigious Cameo Highlands near top-rated schools like Harbor View Elementary, this asset is ideal for Luxury Investors or Owner-Occupants seeking a prime coastal lifestyle with massive value-add upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4709 Cortland Subject | $5,795,000* List Price | 3 | 3 | 1,884 | $3,096 | - |
A 3500 Surfview Lane Sold | $5,350,000 | 3 | 3 | 2,214 | $2,416 | 0.9 mi |
B 734 Cameo Highlands Sold | $6,995,000 | 4 | 4 | 2,552 | $2,741 | 0.2 mi |
C 1039 Tiller Sold | $6,775,000 | 4 | 3 | 2,604 | $2,602 | 0.9 mi |
D 4807 Surrey Drive Pending | $6,295,000 List Price | 2 | 2 | 2,105 | $2,990 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1962, the property has undergone a high-end, modern renovation within the last 5 years. The kitchen features premium Sub-Zero and Viking appliances with quartz countertops, and the bathrooms showcase contemporary designer tiling and fixtures. The interior is in mint condition with updated flooring, recessed lighting, and modern glass sliders, making it fully move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8400, living area = 1884.
Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
The property features rare 'sit-down' ocean and Catalina Island views from nearly every room, a highly coveted attribute on one of the few unobstructed lots on Cortland Drive.
At a list price of nearly $5.8M for 1,884 square feet, the property carries a high entry cost that reflects land and view value rather than the current size of the residence.
The current 1962 structure is relatively small for the luxury market, likely requiring the buyer to undergo a significant renovation or expansion to meet modern lifestyle expectations.
BACK ON THE MARKET DUE TO NO FAULT OF THE SELLER. BUYER COULDN'T PERFORM: 4709 Cortland Drive is a one-of-a-kind property within the coveted Cameo Highlands community. This single-level residence is one of just a few homes on Cortland to have an unobstructed ocean view. Located in the heart of the Corona del Mar village in an exclusive community setting amongst pristine private beaches. Showcasing panoramic “sit-down” ocean views from almost every room. A modern-style kitchen boasts rich quartz countertops, a spacious kitchen island, a Sub-Zero refrigerator and freezer, and a Wolf range. The quintessential elements of California coastal living are brought to life with a front courtyard and a backyard perfect for al-fresco dining and entertaining. There is an opportunity to expand the home's interior living space. An additional 3,000 sq ft could be added to the current footprint to create a total of almost 5,000 sq ft. Ideally situated near world-renowned beaches — including a private beach reserved exclusively for residents of Cameo Shores and Cameo Highlands — this home offers the best of coastal living. Just moments from CdM Village, top-tier dining, boutique shopping, and highly rated public and private schools. The location delivers the quintessential California lifestyle at its finest.
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades K-6 • 1.4 mi
Grades K-6 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.4 |
| Square foot | 1,884 | 2,925.697 |
| Lot Size | 8,400 | 6,988.576 |
| Price | $5.79M | $6.26M |
| Price per sq ft | $3.1K | $2.1K |
| Built year | 1962 | 1984 |
| HOA | $1300.0 | $678 |
| Days on market | 43 | 82 |
Jul 28, 2026
$5,795,000
Initial Listing
May 14, 2021
$2,975,000
Public Record
Mar 13, 2014
$20,000
Public Record