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2516 Bayside Dr, Corona Del Mar, CA 92625

Corona Del Mar
Local realty services provided by:CENTURY 21 Valley Properties
2516 Bayside Dr,Newport Beach, CA 92625
$5,498,000
  • 5 Beds
  • 5 Baths
  • 2,550 sq. ft.
  • Single family
  • Coming Soon
Listed by: antoine raffouly, paul daftarian
Office: luxe real estate949-484-0387
MLS#:OC26216438
Source:CRMLS

Price summary

  • Price:$5,498,000
  • Price per sq. ft.:$2,156.08

About this home

A rare harbor-view opportunity in the heart of Corona del Mar, 2516 Bayside Drive combines immediate income potential with a fully approved, permit-ready path to an exceptional new custom residence. Positioned on an approximately 3,540-square-foot lot, the property enjoys prominent harbor views and additional on-site parking while currently offering two 2-bedroom, 2-bath residences plus a studio, with projected gross rental income of approximately $14,000 per month, or $168,000 annually. Two of the three units are currently vacant, with only the larger 2-bedroom residence tenant-occupied, providing a future owner with added flexibility for leasing, personal use, or future redevelopment while determining the optimal timing for construction. The property's defining opportunity is its fully approved architectural plans for an approximately 3,500-square-foot, three-level contemporary single-family residence, with the building permit ready for pickup. Originally designed by...

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Home facts

  • Year built:1972
  • Subdivision & Development:Corona del Mar South of PCH (CDMS)
  • Listing ID #:OC26216438
  • Updated:October 06, 2026 at 12:12 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:5
  • Full bathrooms:5
  • Flooring:Laminate
  • Kitchen Description:Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Freezer, Ice Maker, Microwave
  • Living area:2,550 sq. ft.

Heating and cooling

  • Cooling:Attic Fan, Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Composition, Flat
  • Year built:1972
  • Building area:2,550 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Front Yard, Greenbelt, Lawn, Rectangular Lot, Value In Land
  • Architectural Style:Mid Century Modern
  • Construction Materials:Asphalt, Drywall, Stucco
  • Exterior Features:Awnings, Deck, FrontPorch, Open, Patio, RainGutters, Terrace, Wood
  • Foundation Description:Raised, Slab
  • Levels:2 Story

Schools

  • High school:Corona Del Mar
  • Elementary school:Harbor View

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$5,498,000
  • Price per sq. ft.:$2,156.08

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Electric Cook Top, Electric Oven, Electric Range, Freezer, Washer
  • Laundry features:Dryer, Inside, Washer
  • Amenities:All Bedrooms Up, Balcony, Ceiling Fans, Instant Hot Water, Laminate Counters, Multiple Staircases, Rain Gutters

Parking

  • Total parking spaces:6
  • Parking description:Direct Access, Door-Multi, Driveway, Driveway Up Slope From Street, Garage, Garage Faces Front, Oversized, Private, Public
  • Garage:Yes
  • Garage spaces:2
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