2516 Bayside Drive
Corona del Mar, CA, United States
$4,995,000
Active

2516 Bayside Drive Corona del Mar, CA 92625

Property Features

  • 5 Beds
  • 5 Full Baths
  • 2,550 sqft
  • MLS # OC25079508
  • Lot Size: 0.0813 acres
  • Year Built: 1972

Property Description

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 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.

Newport Mesa Unified

Property Highlights

  • Garage Count: 2 Car Garage
  • Sewer: Public
  • Cooling: Central A/C
  • Water: City Water
  • Region: Orange County / Riverside
  • Primary School: HARVIE
  • Middle School: LINCOL
  • High School: CODEMA

Location

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The listing broker’s offer of compensation is made only to participants of the multiple listing service where the listing is filed.

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