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Corona Del Mar, CA

$9,950,000

525 El Paseo Drive, Corona Del Mar, CA
5
Beds
3
Baths
3,166
Sq Ft
1961
Built
69
Days listed

About this home

DEVELOPMENT OPPORTUNITY WITH PERMITTED PLANS on, by far, the largest lot in the sought-after enclave of Irvine Terrace at well over 4/5 of an Acre. Come explore the potential of this significant Contemporary architectural design by Brandon Architects that takes full advantage of the large and unique building site, making it possible for the creation of a private residence with some modern elements, while still maintaining warmth and texture throughout. By maximizing views and indoor-outdoor connections, this property will take on the best aspects of 5-Star resort. At nearly 11,000 sf of living space, the Main Residence offers up to 7 Bedrooms, 7 Baths and 3 Powder Rooms, in addition to many other expected and appreciated rooms and spaces, including an ocean view Great Room with Bar adjacent to a Gourmet "Show" Kitchen and sequestered Chef's "Dirty" Kitchen. As one would expect, the design also includes a generous allocation of space for entertaining by way of a luxurious Lounge area, complete with Bar, Wine Room and Tasting Area, a Table Games area and Media Room. If you would prefer a workout, the design allows for a significant Home Gym with Bath and Sauna. While the Interior plan is impressive on its own, the proposed Exterior amenities solidify the design as an A+. Of note: Pool and Spa with Baja Shelf and Sunken Fire Pit, Outdoor Kitchen with Sit-At Bar, several outdoor Dining and Lounge areas, Bocce Ball Court, Grassy Lawn, Sauna and Pool Bath. But if all of this is not enough, the design also calls for a very private 770 sf 1-Bedroom Guest House out on the tip of the lot that will be an absolute hit with overnight and long-term visitors. And while the Garage are can sometimes be an afterthought in the planning process, that is certainly not the case at this residence, with garaging for 5 vehicles and additional off-street parking for several more vehicles in the Gated Motor Court. And we can't forget to mention the Views of the Pacific Ocean, Newport Harbor, Catalina Island, and City Lights, and being in close proximity to Balboa Island, Beaches, Private Golf, Tennis & Yacht Clubs, Fashion Island/Newport Center and the heart of Corona del Mar. Once completed, this home is destined to become legendary.

Facts & features

Interior
Bedrooms
5
Bathrooms
3 full
Living area
3,166 sq ft
Interior features
All Bedrooms Down
Fireplace
None
Cooling
None
Laundry
None
Levels
One
Spa
None
Exterior & lot
Lot size
0.82 acres (35,700 sq ft)
Pool
None
View
Bay, Catalina, City Lights, Harbor, Neighborhood, Ocean, Water
Year built
1961
Parking
On Site, On Street
Parking spaces
2
Community
Area
CS - Corona Del Mar - Spyglass
County
Orange
Community features
Curbs, Gutters, Park, Storm Drains, Street Lights, Suburban, Sidewalks
HOA fee
$575/mo
Listing details
Status
Active
Property type
Single Family Residence
Days on market
69
Listed
2026-04-28
Terms
Cash, Cash To New Loan
Parcel #
05029127
MLS #
NP26088576
Listed by
Rob Smith · Compass

Location

Price history

Listed
$9,950,000 · 2026-04-28
Days on market
69
Current price
$9,950,000
Financing

Could this home be yours?

Estimated monthly payment
$62,418
$50,313 principal & interest · $12,106 taxes & insurance
$1,990,000
Estimate only
Loan $7,960,000

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Estimated value range nearby
$7,836,277$9,199,108

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Listing data provided by CRMLS

Listing courtesy of Compass. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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525 El Paseo Drive, Corona Del Mar, CA — $9,950,000 | Your Agent