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724 Malabar Drive

Corona del Mar, CA 92625

3 beds
3 baths
2,018 sqft
8,615 sqft lot
$2,722 per sqft
1962 build
– on site

This is a truly rare opportunity! Nestled in the prestigious Irvine Terrace neighborhood, this spectacular example of mid-century modern architecture boasts sweeping ocean and harbor views from the living area and showcases the absolute best design elements of the period. Designed with Eichler-inspired essentials, this 3 bedroom, 3 bath residence has been improved and appreciated by a true MCM enthusiast. Modern touches like stainless steel appliances, central AC, tongue-in-groove beamed ceilings, and louvered windows combine form with function for the discerning buyer. Stunning living spaces include an ocean / bay view living room, a sunny family room with courtyard views, a light infused kitchen with dual access and bar seating, and even a cozy alcove for relaxation, reading or recreation. Featuring two separate outdoor spaces, the central atrium serves as a perfect showcase of California living, blending indoor and outdoor spaces seamlessly. The huge, private backyard, with its mature landscaping, offers a fantastic canvas for expansion while still leaving room for ample yard space. World-class beaches, shopping, dining, entertainment, and top-rated schools just minutes away, this home truly has it all. Additionally, it offers easy access to the community’s exceptional amenities, including tennis courts, parks, playgrounds, and basketball courts. The home showcases beautifully preserved original features that highlight its timeless appeal. Special note this site is comprised of two separate contiguous lots.

Listed By CRMLS_CA / Jody Chapman / Compass / 949.689.8594

Last checked: Checking… • Last updated Apr 10, 2025 •

MLS# NP25076517 —

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

The Building

Year Built:

1962
Year Built Source:

Assessor
New Construction:

No
Total Number Of Units:

1
Roof:

Composition
Foundation:

Slab
Structure Type:

House
Stories Total:

1
Entry Level:

1
Accessibility Features:

No Interior Steps
Common Walls:

No Common Walls

Interior

Features:

Beamed Ceilings, Built-in Features, High Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting
Levels:

One
Entry Location:

1
Flooring:

Wood
Room Type:

All Bedrooms Down, Entry, Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom
Living Area Units:

Square Feet
Living Area Source:

Assessor
Fireplace:

Yes
Fireplace:

Living Room, Gas Starter
Laundry:

In Garage
Laundry:

1

Room Dimensions

Living Area:

2018.00

Financial & Terms

Disclosures:

CC And R's, Homeowners Association

Location

Directions:

Turn into the Irvine Terrace Community from Pacific Coast Hwy, Left on Bonnie Doone, Right on Malabar
Latitude:

33.60891000
Longitude:

-117.88149100

The Property

Property Type:

Residential
Subtype:

Single Family Residence
Property Condition:

Additions/Alterations
Lot Features:

Front Yard, Lawn, Lot 6500-9999, Rectangular Lot, Level, Park Nearby, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer
Lot Size Area:

8615.0000
Lot Size Acres:

0.1978
Lot Size SqFt:

8615.00
Lot Size Source:

Other
View:

1
View:

Bay, Catalina, City Lights, Ocean
Sprinklers:

Yes
Road Frontage:

City Street
Additional Parcels:

No
Land Lease:

No
Lease Considered:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

627.01
Tax Tract:

1701
Tax Lot:

87

Beds

Total Bedrooms:

3
Main Level Bedrooms:

3

Baths

Total Baths:

3
Full & Three Quarter Baths:

3
Main Level Baths:

2
Full Baths:

3

The Listing

Special Listing Conditions:

Standard
Parcel Number:

05029306
Showings Begin:

2025-04-09

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Sewer Paid
Water Source:

Public

Schools

Elementary:

LINCOL
Elementary School:

Lincoln
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)
Neighborhood:

Irvine Terrace
Features:

Curbs, Park, Sidewalks, Street Lights
Association Amenities:

Barbecue, Picnic Area, Playground, Tennis Court(s)
Association:

Irvine Terrace
Association:

Yes
Association Fee:

$75
Association Fee Frequency:

Monthly
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

No
Assessments:

None

Parking

Parking Spaces:

2.00
Attached Garage:

Yes
Garage Spaces:

2.00
Remotes:

2

Monthly cost estimate

Asking price

$5,495,000

Expense	Monthly cost
Mortgage	$29,424
Taxes	N/A
Insurance	$1,511
HOA fees	$75
Utilities	$168 See report
Total	$31,178/mo.^*
	^*This is an estimate

Explore the Area

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Sale history

Date	Event	Source	Price	% Change
4/9/25 Apr 9, 2025	Listed / Active	CRMLS_CA	$5,495,000	94.9% (14.7% / YR)
10/26/18 Oct 26, 2018		CRMLS_CA	$2,820,000	4.6%
9/21/18 Sep 21, 2018		CRMLS_CA	$2,695,000

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This house located in Irvine Terrace, Newport Beach, CA 92625 is currently for sale for $5,495,000. 724 Malabar Drive is a 2,018 square foot house with 3 beds and 3 baths that has been on Estately for 7 days. 724 Malabar Drive is in the Irvine Terrace neighborhood of Newport Beach and has a WalkScore® of 54, making it somewhat walkable. This house is in the attendance area of Corona Del Mar High School.

Listing Courtesy of: CRMLS_CA and Compass. Based on information from California Regional Multiple Listing Service, Inc. as of 00:03 on Apr 16.

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.