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525 El Paseo Drive

Corona del Mar, CA 92625

5 beds
3 baths
3,166 sqft
~3/4 acre lot
$3,788 per sqft
1961 build
– on site

Discover the unparalleled experience of owning a truly unique, exclusive trophy property, set on the largest lot in the esteemed Irvine Terrace of Corona del Mar. Currently sited on this near-acre lot, is an ultra-cool mid-century modern, 4-bedroom, 5-bathroom residence. The FULLY APPROVED transformative plans reveal a future main house of nearly 10,500 square feet - 6 bedrooms and 9 bathrooms, alongside a separate 770 sq ft guest house with 1 bedroom and 1.5 bathrooms. Curated by renowned designer Cadiz Collaboration, and formulated by the famed Brandon Architects, this home is a poetic expression of conceptual ideas, seamlessly blending organic modern elements to create a stunning architectural masterpiece. These plans embrace the site's full potential while harmonizing with the surrounding community, showcasing an architecturally significant design that is both exquisite and transformative. The innovative layout capitalizes on the expansive lot, with a unique orientation that captures breathtaking views of Catalina throughout the property. Inspired by Nordic and Scandinavian aesthetics, the design intention is warm yet timeless, merging hotel hospitality superior home comforts. The concept of approachable luxury and joy-inspired living is evident throughout. Experience the blend of luxury and thoughtful design in a home that offers a rare chance to own a truly special piece of real estate. This property will be more than just a home; it will be an unparalleled living adventure and a testament to superior design and craftsmanship. FULL VIRTUAL REALITY HEADSET EXPERIENCE AVAILABLE AT THE PROPERTY.

Listed By CRMLS_CA / Casey Lesher / Christie's International R.E. Southern California / 949-702-7211

Last checked: Checking… • Last updated Dec 11, 2024 •

MLS# NP24130191 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1961
Year Built Source:

Public Records
New Construction:

No
Total Number Of Units:

1
Structure Type:

House
Stories Total:

1
Entry Level:

1
Common Walls:

No Common Walls

Interior

Levels:

One
Entry Location:

1
Room Type:

All Bedrooms Down
Living Area Units:

Square Feet
Living Area Source:

Assessor
Fireplace:

Yes
Fireplace:

Family Room, Living Room
Laundry:

Inside
Laundry:

1

Room Dimensions

Living Area:

3166.00

Financial & Terms

Disclosures:

CC And R's, Homeowners Association

Location

Directions:

El Paseo/Seadrift
Latitude:

33.60780200
Longitude:

-117.88347700

The Property

Property Type:

Residential
Subtype:

Single Family Residence
Lot Features:

Lot 20000-39999 Sqft
Lot Size Area:

37346.0000
Lot Size Acres:

0.8573
Lot Size SqFt:

37346.00
Lot Size Source:

Public Records
View:

1
View:

City Lights, Harbor, Neighborhood, Ocean
Additional Parcels:

No
Land Lease:

No
Lease Considered:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

627.01
Tax Tract:

1701
Tax Lot:

94

Beds

Total Bedrooms:

5
Main Level Bedrooms:

5

Baths

Total Baths:

3
Full & Three Quarter Baths:

3
Main Level Baths:

3
Full Baths:

3

The Listing

Special Listing Conditions:

Standard
Parcel Number:

05029127

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

No
Cooling:

None

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary:

HARVIE
Elementary School:

Harbor View
Middle School:

Corona Del Mar
Middle School:

CODEMA
High School:

Corona Del Mar
High School:

CODEMA
High School District:

Newport Mesa Unified

The Community

Subdivision:

Irvine Terrace (IRVT)
Subdivision:

Irvine Terrace (IRVT)
Features:

Curbs
Association:

Irvine Terrace Community Association
Association:

No
Association Fee:

$575
Association Fee Frequency:

Annually
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Driveway, Garage
Parking Spaces:

6.00
Attached Garage:

Yes
Garage Spaces:

2.00
Uncovered Spaces:

4.00

Monthly cost estimate

Asking price

$11,995,000

Expense	Monthly cost
Mortgage	$64,229
Taxes	N/A
Insurance	$3,298
HOA fees	$48
Utilities	$209 See report
Total	$67,784/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
11/22/24 Nov 22, 2024	Price Changed	CRMLS_CA	$11,995,000	-11.1%
6/26/24 Jun 26, 2024	Relisted	CRMLS_CA	$13,500,000	80.0% (30.2% / YR)
11/3/21 Nov 3, 2021		CRMLS_CA	$7,500,000

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This house located in Irvine Terrace, Newport Beach, CA 92625 is currently for sale for $11,995,000. 525 El Paseo Drive is a 3,166 square foot house with 5 beds and 3 baths that has been on Estately for 182 days. 525 El Paseo Drive is in the Irvine Terrace neighborhood of Newport Beach and has a WalkScore® of 50, making it somewhat walkable. This house is in the attendance area of Corona Del Mar High School.

Listing Courtesy of: CRMLS_CA and Christie's International R.E. Southern California. Based on information from California Regional Multiple Listing Service, Inc. as of 21:46 on Dec 25.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.