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525 El Paseo Drive

Corona Del Mar, CA 92625
  • $9,950,000
  • STATUS: Active Under Contract
  • ON SITE: 162 Days
  • ID#: NP26088576
Under Contract
UPDATED: 51 min ago
$9,950,000
  • 5
    BEDS
  • 0.82
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,166
    SQFT
  • $3,143
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1961
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Agent(s): Rob Smith of Compass (949-438-4340)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-08T20:34:39.74. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/175892450
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525 El Paseo Drive Corona Del Mar, CA 92625

  • Price: $9,950,000
  • Status: Active Under Contract
  • On Site: 162 Days
  • Updated: 51 min ago
  • ID#: NP26088576
5
Beds
3
Baths
0
½ Baths
0.82
Acres
3,166
SQFT
$3,143
$/SQFT
1961
Built
Neighborhood:
Irvine Terrace (Irvt)
County:
Orange
Area:
CS - Corona Del Mar - Spyglass
Elementary School:
Harbor View
Middle School:
Corona Del Mar
High School:
Corona Del Mar
School District:
Newport Mesa Unified
Property Description
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.
Exterior Features

Attached Garage YN Yes Entry Level 1 Entry Location 1 Lot Features BluffCorner LotIrregular LotSloped UpTear DownValue In Land Parking Features On SiteOn Street Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Sign On Property YN Yes Spa Features None Spa YN No View BayCatalinaCity LightsHarborNeighborhoodOceanWater View YN Yes

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Interior Features All Bedrooms Down Main Level Bathrooms 3 Main Level Bedrooms 5

Property Features

Additional Parcels YN No Association Amenities Sport CourtPicnic AreaPlaygroundTennis Court(s) Association Fee 575 Association Fee Frequency Annually Association YN Yes Common Interest None Community Features CurbsGutter(s)ParkStorm Drain(s)Street LightsSuburbanSidewalks Disclosures Covenants/Restrictions DisclosureCoastal ZoneHOA Disclosure Garage YN Yes Land Lease YN No Laundry Features None Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan New Construction YN No Possession Close Of Escrow Property Condition Building Permit Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type House Utilities Cable Not AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Source Public Zoning R-1



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-08T20:34:39.74. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Rob Smith of Compass (949-438-4340)