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$5,498,000

Est. payment - /mo

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5 Beds

5 Baths

2,550 SqFt

Open Sat 1PM-4PM

2516 Bayside Dr Newport Beach, CA 92625

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Amber Tannehill

[email protected] +1(619) 315-9064

Open House

Sat Oct 10, 1:00pm - 4:00pm

Sun Oct 11, 1:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,550 sqft

Price per Sqft $2,156

Subdivision Corona Del Mar South Of Pch (Cdm

MLS Listing ID OC26216438

Bedrooms 5

Full Baths 5

Year Built 1972

Lot Size 3,540 Sqft

Lot Dimensions 30 X 118

Property Sub-Type Detached

Property Description

A rare harbor-view opportunity in the heart of Corona del Mar, 2516 Bayside Drive combines immediate income potential with a fully approved, permit-ready path to an exceptional new custom residence. Positioned on an approximately 3,540-square-foot lot, the property enjoys prominent harbor views and additional on-site parking while currently offering two 2-bedroom, 2-bath residences plus a studio, with projected gross rental income of approximately $14,000 per month, or $168,000 annually. Two of the three units are currently vacant, with only the larger 2-bedroom residence tenant-occupied, providing a future owner with added flexibility for leasing, personal use, or future redevelopment while determining the optimal timing for construction. The property's defining opportunity is its fully approved architectural plans for an approximately 3,500-square-foot, three-level contemporary single-family residence, with the building permit ready for pickup. Originally designed by Brandon Architects and subsequently completed and finalized by Horst Architects, the residence has been thoughtfully conceived to maximize the property's harbor views and exceptional coastal setting. Renderings included in the listing photos are conceptual architectural renderings of the approved proposed residence and are provided for illustrative purposes only. The sophisticated design features expansive glazing and seamless indoor-outdoor living, a dramatic great room with fireplace, and a large eat-in kitchen with island and pantry. The residence offers four full bedrooms and four full bathrooms, includin

Location

State CA

County Orange

Direction Carnation to bayside south

Interior

Interior Features 2 Staircases, Attic Fan, Balcony, Laminate Counters, Living Room Balcony, Unfurnished

Heating Forced Air Unit

Cooling Central Forced Air

Flooring Laminate

Fireplace No

Appliance Dishwasher, Disposal, Dryer, Microwave, Washer, Electric Oven, Electric Range, Freezer, Ice Maker

Exterior

Parking Features Direct Garage Access, Garage, Garage - Two Door

Garage Spaces 2.0

Fence Privacy

Utilities Available Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Bay, Ocean, Water, Harbor, City Lights

Roof Type Composition,Asphalt,Flat

Accessibility No Interior Steps, Parking, 36 Inch+ Wide Halls

Porch Deck, Patio, Patio Open, Terrace, Wood

Total Parking Spaces 6

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 45911410

Acceptable Financing Cash, Conventional, Exchange, Cash To New Loan

Listing Terms Cash, Conventional, Exchange, Cash To New Loan

Special Listing Condition Standard

Listed by Antoine Raffouly, DRE#02102641 Luxe Real Estate
Co-listed byPaul Daftarian • Luxe Real Estate

NEARBY SCHOOL & BUSINESS

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Amber Tannehill

REALTOR® License ID: 01203895

+1(619) 315-9064

2516 Bayside Dr Newport Beach, CA 92625

Amber Tannehill

Open House

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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2516 Bayside Dr