CnC Realty
1 / 29

$9,950,000

525 El Paseo Drive

Corona Del Mar, CA 92625

Under Contract

5

Beds

3

Baths

3,166

Sq. Ft.

1961

Year Built

Orange

County

SingleFamilyResidence

Property Type

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.

Listed by Rob Smith · DRE #01113111 · Compass
MLS #1158667314
ListedApr 28, 2026

Property Details

Architecture

Stories1
StyleN/A
Total Units1
RoofN/A
Garage Spaces2
PoolN/A
SpaNone

Features & Amenities

Interior FeaturesAll Bedrooms Down
Exterior FeaturesN/A
FlooringN/A
CoolingNone
HeatingN/A
FireplaceNone
LaundryNone
Parking FeaturesOn Site, On Street
Parking Total2
Patio & PorchN/A
Entry Level1
Entry Location1
Common WallsNo Common Walls

Property Features

Lot Size0.82 ac
Lot FeaturesBluff, Corner Lot, Irregular Lot, Sloped Up, Tear Down, Value In Land
ViewBay, Catalina, City Lights, Harbor, Neighborhood, Ocean, Water
DirectionsBayside Drive to El Paseo

Community

AreaCS - Corona Del Mar - Spyglass
School DistrictNewport Mesa Unified

Tax & Financial

TermsCash, Cash To New Loan
Land LeaseNo
HOA NameIrvine Terrace Community Association
HOA Fee$575 / Annually

Request a Tour

Mortgage Estimate

$52,958/mo

20% down · 7% APR · 30-yr fixed

Estimate only. Does not include taxes, insurance, or HOA.

CRMLSLast updated: October 21, 2026 at 5:30 PM

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