714-914-4996

2516 Bayside Drive,
Corona del Mar, CA 92625

$4,995,000

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.

Basic Information

MLS #:
OC25079508

Price:
$4,995,000

Price
(per sq ft):
$1,958.00

Address:
2516 Bayside Drive ,
Corona del Mar, CA 92625

MLS Area:
CS - Corona Del Mar - Spyglass

Subdivision:
Corona del Mar South of PCH (CDMS)

Property
Type:
Single Family Residence

Days on Market:
195

Status:
Active

Bedrooms:
5

Bathrooms:
5

Full Baths:
5

Size (sq ft):
2,550 sq ft

Lot Size:
3,540 sq ft

Year Built:
1972

Sale Type:
Standard

Rooms in Home

Rooms:
All Bedrooms Up, Family Room, Kitchen

Eating Area:
Breakfast Counter / Bar, Breakfast Nook

Laundry:
Gas & Electric Dryer Hookup, Inside, Stackable

Entry Location:
LEVEL/SECOND LEVEL

Interior Features

Fireplace:
None

Cooling:
Central Air

Heating:
Central

Floor:
Laminate

Appliances:
6 Burner Stove, Gas Range, Range Hood, Water Heater Central

Interior Features:
2 Staircases, Balcony, Beamed Ceilings, Block Walls, Ceiling Fan(s), Copper Plumbing Partial, High Ceilings, In-Law Floorplan, Laminate Counters, Living Room Balcony, Living Room Deck Attached, Tile Counters

Security:
Smoke Detector(s)

Accessibility:
36 Inch Or More Wide Halls, No Interior Steps

Garage and Parking

Garage:
Attached

Garage:
2 Spaces

Carport:
0 Spaces

Parking:
Driveway - Combination, Concrete, Paved, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage - Two Door, Guest, Private, Public, Street

Home Owners Association

HOA Dues 1:
$0.00 /

HOA Dues 2:
$

HOA Amenities: 

Utilities

Water:
Public

Utilities:
Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected

School Information

District:
Newport Mesa Unified

Elementary:
HARVIE

Middle:
LINCOL

High:
CODEMA

Exterior Features

Pool:
None

Spa:
None

Patio:
Deck, Patio, Patio Open, Front Porch, Slab, Terrace, Wood

View:
City Lights, Harbor, Ocean, Park/Greenbelt

Construction:
Asphalt, Drywall Walls, Stucco

Foundation:
Raised, Slab

Roof:
Asphalt, Composition, Flat

Windows:

Common Walls:
No Common Walls

Levels:
Two

Lot Features:
2-5 Units/Acre, Front Yard, Greenbelt, Lawn, Rectangular Lot, Sprinklers Timer, Tear Down, Value In Land, Walkstreet

Additional Information

County:
Orange

Senior Community:
No

Community Features:
Biking, Curbs, Gutters, Park, Sidewalks, Street Lights

Other Structures:
Storage

Structure Condition:
Building Permit

Direction Faces:
Northwest

Listed by:
Coldwell Banker Realty , Leo Goldschwartz , 01704591

Co-Listed:

Last
Updated:
12/5/2025 5:04 AM

2516 Bayside Drive,
Corona del Mar, CA 92625