USACACorona Del MarCorona Del Mar South of Pch (Cdms)2516 Bayside Dr
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$5,498,000

For Sale

8 days ago

2516 Bayside Dr, Corona Del Mar, CA

House

MLS® OC26216438

5 Bed

5 Bath

2550 sqft

6 Parking

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2550 sqft
Garage Yes
Taxes 
Days Active 6
Lot Size 0.0813 Acres
Approx. Age 1972
Avg. Price Per Sqft $2,156
MLS® Number OC26216438

Property Address: 2516 Bayside Dr, Corona del Mar, CA, 92625-2854

Average square foot calculated using Size range provided by listing agent.

Description

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 Brandon Architects and subsequently completed and finalized by Horst Architects, the residence has been thoughtfully conceived to maximize the property's harbor views and exceptional coastal setting. Renderings included in the listing photos are conceptual architectural renderings of the approved proposed residence and are provided for illustrative purposes only. The sophisticated design features expansive glazing and seamless indoor-outdoor living, a dramatic great room with fireplace, and a large eat-in kitchen with island and pantry. The residence offers four full bedrooms and four full bathrooms, including en-suite secondary bedrooms and a luxurious primary suite with fireplace and walk-in closet, plus two additional powder rooms—one conveniently located on the main level and another on the rooftop. Additional highlights include an elevator, two-car garage, expansive outdoor living areas, and a spectacular rooftop entertaining deck complete with a covered cabana and powder room. Unlike a typical development opportunity requiring a lengthy architectural, entitlement, and approval process, 2516 Bayside offers the flexibility of income today together with a substantially advanced path toward creating a new luxury residence. Harbor views. Immediate income potential. Two units currently vacant. Fully approved plans. Building permit ready for pickup. An exceptional opportunity to create a signature coastal residence in Corona del Mar.
MLS® NumberOC26216438
Laundry LevelUpper
Central VacNo
FireplaceYes
Acreage
Exterior
GarageYes
Approx. Age1972
Basement
DrivewayDoor Multi, Direct Access, Driveway, Driveway Up Slope From Street, Garage Faces Front, Garage, Oversized, Public, Private
Garage Spaces
HeatCentral
A/CCentral Air, Attic Fan

Extras

NEGOTIOABLE

Rooms

Change to metres

Bedroom 1:Not available
Bedroom 1:Not available
Other:Not available
Kitchen:Not available

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 5, 2026List Date
$5,498,000List Price

Home Appraisal

This property is estimated to sell between: $5,498,000 and $12,755,000.
Similar properties in this area sold on average for: $10,335,923
Expected to sell in 64 days. Similar properties sold in 70 days. This home has been on eXp Realty for 6 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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2516 Bayside Dr, Corona Del Mar, CA

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