Rare Coastal Investment & Dream Build Opportunity in Corona del Mar
Perched above Bayside Drive with harbor and ocean views, this rare multi-unit income property offers endless possibilities in one of Coastal Orange County’s most coveted zip codes. Zoned R2 and featuring three well-maintained units, this unique lot also comes with plans set for approval by renowned architect Chris Brandon, showcasing a future architectural masterpiece — a modern coastal home with floor-to-ceiling glass, open-concept design, and a stunning rooftop deck with covered outdoor living space to soak in harbor views.Currently configured as a charming mid-century modern triplex, each unit boasts its own address:2516 & 2518 feature 2 beds, 2 baths, 1-car garages, vaulted wood-beamed ceilings, A/C, in-unit laundry, updated appliances, and expansive windows to capture the harbor views.2516 ½ is a private studio with a covered patio, side yard, and dedicated storage — ideal for guests, rental income, or a private workspace.The property sits on a special entitlement lot — spaciously set back via a private drive , offering privacy, abundant parking, and a park-like atmosphere. Located just one block from picturesque Begonia Park, walking distance to the beach and famed ocean blvd , the village,Newport Harbor, Fashion Island, walking trails, and the world-class shopping and dining of Corona del Mar and Newport Beach.Whether you're an investor seeking a premium long-term asset, a buyer looking to downsize and rent additional units, or a visionary ready to build a landmark coastal residence, this is your opportunity to own an irreplaceable piece of CDM real estate.
Opportunities like this rarely come to market / Proforma on existing available.
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Listing Snapshot
Price
$4,995,000
Days On Site
100 Days
Bedrooms
N/A
Inside Area (SqFt)
2,550 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.0813 Acres
Year Built
1972
MLS® Number
OC25083124
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
a month ago
Status changed to Active
a month ago
Listing updated with changes from the MLS®
a month ago
Price changed to $4,995,000
3 months ago
Listing first seen on site
General Features
Acres
0.0813
Direction Faces
Northwest
Foundation
RaisedSlab
Garage
Yes
Garage Spaces
2
Number Of Stories
2
Parking
ConcreteDrivewayGarage Faces FrontGarageGuestPavedPrivateOn Street
Parking Spaces
8
Property Sub Type
Single Family Residence
Security
Smoke Detector(s)
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
2550
Stories
Two
Style
MidCenturyModern
Utilities
Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
Water Source
Public
Interior Features
Appliances
Gas RangeRange HoodWater HeaterWasher/Dryer Stacked
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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