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2516 Bayside Drive

Corona del Mar, CA 92625

5 beds
5 baths
2,550 sqft
3,540 sqft lot
$1,958 per sqft
1972 build
– on site

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.

Listed By CRMLS_CA / Leo Goldschwartz / Coldwell Banker Realty / 714-719-0670

Last checked: Checking… • Last updated Jun 20, 2025 •

MLS# OC25079508 —

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

The Building

Year Built:

1972
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Asphalt, Drywall Walls, Stucco
Total Number Of Units:

3
Architectural Style:

Mid Century Modern
Roof:

Asphalt, Composition, Flat
Foundation:

Raised, Slab
Structure Type:

House
Stories Total:

2
Entry Level:

2
Patio And Porch Features:

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

1
Accessibility Features:

36 Inch Or More Wide Halls, No Interior Steps
Common Walls:

No Common Walls
Faces:

Northwest

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
Levels:

Two
Entry Location:

LEVEL/SECOND LEVEL
Kitchen Features:

Laminate Counters
Eating Area:

Breakfast Counter / Bar, Breakfast Nook
Flooring:

Laminate
Room Type:

All Bedrooms Up, Family Room, Kitchen
Living Area Units:

Square Feet
Living Area Source:

Estimated
Fireplace:

No
Fireplace:

None
Laundry:

Gas & Electric Dryer Hookup, Inside, Stackable
Laundry:

1

Room Dimensions

Living Area:

2550.00

Location

Directions:

CARNATION TO BAYSIDE SOUTH.
Latitude:

33.59972700
Longitude:

-117.87684300

The Property

Property Type:

Residential
Subtype:

Single Family Residence
Property Condition:

Building Permit
Lot Features:

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

3540.0000
Lot Size Acres:

0.0813
Lot Size SqFt:

3540.00
Lot Size Source:

Estimated
View:

1
View:

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

Block
Fence:

Yes
Sprinklers:

Yes
Security Features:

Smoke Detector(s)
Exclusions:

ALL PERSONAL AND TENANT BELONGINGS.
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Other Structures:

Storage
Land Lease:

No
Lease Considered:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

627.01
Tax Tract:

186
Tax Lot:

1

Beds

Total Bedrooms:

5
Main Level Bedrooms:

1

Baths

Total Baths:

5
Bathroom Features:

Shower in Tub, Exhaust fan(s), Tile Counters
Full & Three Quarter Baths:

5
Main Level Baths:

1
Full Baths:

5

The Listing

Special Listing Conditions:

Standard
Parcel Number:

45911410

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

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

Public Sewer
Electric:

220 Volts in Garage, Electricity - On Property
Water Source:

Public

Appliances

Appliances:

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

Yes

Schools

Elementary:

HARVIE
Elementary School:

Harbor View
Middle School:

Lincoln
Middle School:

LINCOL
High School:

Corona Del Mar
High School:

CODEMA
High School District:

Newport Mesa Unified

The Community

Subdivision:

Corona del Mar South of PCH (CDMS)
Subdivision:

Corona del Mar South of PCH (CDMS)
Features:

Biking, Curbs, Gutters, Park, Sidewalks, Street Lights
Inclusions:

NEGOTIABLE
Association:

No
Pool:

None
Waterfront Features:

Ocean Side Of Highway 1
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

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

8.00
Attached Garage:

Yes
Garage Spaces:

2.00
Uncovered Spaces:

6.00
Remotes:

1

Monthly cost estimate

Asking price

$4,995,000

Expense	Monthly cost
Mortgage	$26,746
Taxes	N/A
Insurance	$1,373
Utilities	$193 See report
Total	$28,312/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
6/10/25 Jun 10, 2025	Price Changed	CRMLS_CA	$4,995,000	-13.1%
4/15/25 Apr 15, 2025	Listed / Active	CRMLS_CA	$5,750,000	180.5% (22.3% / YR)
4/14/21 Apr 14, 2021	Sold	BRIDGE

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This house located in Corona del Mar, Newport Beach, CA 92625 is currently for sale for $4,995,000. 2516 Bayside Drive is a 2,550 square foot house with 5 beds and 5 baths that has been on Estately for 67 days. 2516 Bayside Drive is in the Corona del Mar neighborhood of Newport Beach and has a WalkScore® of 83, making it very walkable. This house is in the attendance area of Corona Del Mar High School.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 11:14 on Jun 21.

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.