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525 El Paseo DriveCorona Del Mar, CA 92625

Single Family · 5 Beds · 3 Full Baths · 3,166 Sq. ft. | 0.82 Acres
$9,950,000 Active

525 El Paseo Drive Overview

Time on Site:
62 days
Visits:
0

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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525 El Paseo Drive Facts & Features

  • Type Single Family
  • Sq. ft. 3,166
  • Price/Sq.ft. $3,143
  • Lot 0.82 Acres

Details

General

Association/HOA

  • Association Amenities: Sport Court,Picnic Area,Playground,Tennis Court(s)
  • Association Fee: 575.0
  • Association Fee Frequency: Annually
  • Association Name: Irvine Terrace Community Association
  • Association: Yes
  • Common Interest: None

School Information

  • School District: Newport Mesa Unified
  • Elementary School: Harbor View
  • Middle Or Junior School: Corona Del Mar
  • High School: Corona Del Mar

Building Information

  • New Construction: No
  • Year Built: 1961

Location/Region

  • Country: US
  • County Or Parish: Orange
  • MLS Area Major: CS - Corona Del Mar - Spyglass
  • Postal City: CORONA DEL MAR
  • Subdivision Name: Irvine Terrace (IRVT)

Community/Development

  • Community Features: Curbs,Gutter(s),Park,Storm Drain(s),Street Lights,Suburban,Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Lease Considered: No

General Information

  • Disclosures: Covenants/Restrictions Disclosure,Coastal Zone,HOA Disclosure
  • Listing Terms: Cash,Cash to New Loan
  • Parcel Number: 05029127
  • Property Condition: Building Permit
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: R-1

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Total: 3
  • Bedrooms Total: 5

General Information

  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Features: All Bedrooms Down
  • Laundry Features: None
  • Levels: One
  • Living Area: 3166.0
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 5
  • Spa Features: None
  • Spa: No
  • Stories: 1
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: On Site,On Street
  • Parking Total: 2.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Bluff,Corner Lot,Irregular Lot,Sloped Up,Tear Down,Value In Land
  • Lot Size Acres: 0.8196
  • Lot Size Area: 35700.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 35700.0
  • Lot Size Units: Square Feet
  • Road Surface Type: Paved
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Attached Garage: Yes
    • Property Attached: No
    • Structure Type: House

    General Information

    • Number Of Units Total: 1
    • Pool Features: None
    • Pool Private: No
    • Road Frontage Type: City Street
    • Sewer: Public Sewer
    • Utilities: Cable Not Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected

    525 El Paseo Drive Neighborhood

    Community

    92625 (Corona del Mar) Demographics

    54
    Median Age
    4,531
    Population Density (per sq. mile)
    76%
    College Educated
    $162,250
    Estimated Median Income
    3,917
    Estimated Total Home Owners
    1,978
    Estimated Total Renters
    66% / 34%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    525 El Paseo Drive Monthly Cost

    $
    $ %
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    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    525 El Paseo Drive Market Data

    Based on the last 30 days in this zip code

    $6,326,142
    Average List Price
    $2,328
    Average Price per Square Foot
    22
    Properties Sold
    76
    Average Days on Market
    189
    Properties for Sale
    Calculations provided by Reliance Network

    525 El Paseo Drive History

    Date Event Value Agent
    4/28/2026Source: CRMLS Added to Database
    April 28, 2026
    4/28/2026Source: CRMLS Added to Database
    April 28, 2026
    9/23/2022Source: CRMLS Added to Database
    September 23, 2022
    Listing provided courtesy of CompassRob Smith- MLS# NP26088576MLS ProviderContact Information: [email protected] - 949-438-4340