525 El Paseo Drive
Corona Del Mar, CA 92625
Listing broker / agent: Compass · Rob Smith · 949-697-8855 · CRMLS
MLS # NP26088576 · Last checked Oct 19, 2026 17:43 UTC
About this property
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.
Property details
- MLS number
- NP26088576
- Status
- Pending
- Type
- Residential
- Subtype
- Single Family Residence
- Beds / baths
- 5 Beds • 3 Baths
- Living area
- 3,166 Sq Ft
- Lot size
- 0.8196 acres
- County
- Orange
- Year built
- 1961
- Stories
- 1
More property detailsCollapse
Listing
- Days on market
- 153
Building
- Year built
- 1961
- Year built source
- Public Records
- Stories
- 1
- Building stories
- 1
- Levels
- One
- Entry level
- 1
- Condition
- Building Permit
- Living area source
- Assessor
Bathrooms
- Full bathrooms
- 3
Rooms & interior
- Main-level bedrooms
- 5
- Main-level bathrooms
- 3
- Rooms
- Bedroom
- Interior features
- All Bedrooms Down
- Cooling
- None
- Fireplace
- None
- Laundry
- None
Exterior & parking
- Total parking spaces
- 2
- Garage spaces
- 2
- Parking
- On Site, On Street
- Attached garage
- Yes
- Pool
- None
- Spa
- None
- Lot features
- Bluff, Corner Lot, Irregular Lot, Sloped Up, Tear Down, Value In Land
- Lot size source
- Public Records
- Property outlook
- Bay, Catalina, City Lights, Harbor, Neighborhood, Ocean, Water
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Community features
- Curbs, Gutters, Park, Storm Drains, Street Lights, Suburban, Sidewalks
- Association amenities
- Sport Court, Picnic Area, Playground, Tennis Courts
Fees & lease terms
- Association
- Yes
- Association fee
- $575.00
- Association fee frequency
- Annually
Schools reported in the listing
- Elementary school
- Harbor View
- Middle / junior school
- Corona Del Mar
- High school
- Corona Del Mar
- High school district
- Newport Mesa Unified
School information is supplied with the listing. Confirm current attendance boundaries and enrollment eligibility directly with the school district.
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Harbor View Elementary (school website, opens in a new tab) Newport-Mesa Unified · Corona Del Mar | Not reported | 0.9 mi |
| Abraham Lincoln Elementary (school website, opens in a new tab) Newport-Mesa Unified · Corona Del Mar | K–6 | 1.3 mi |
| Corona del Mar High (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | 7–12 | 1.8 mi |
| Roy O. Andersen Elementary (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | K–6 | 1.8 mi |
| Newport Harbor High (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | 9–12 | 2.0 mi |
| Newport Elementary (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | Not reported | 2.0 mi |
| Mariners Elementary (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | K–6 | 2.0 mi |
| Horace Ensign Intermediate (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | 7–8 | 2.1 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $9,950,000
- MLS-reported original asking price
- $9,950,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 9, 2026 04:54 | $9,950,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Corona Del Mar
Active residential homes for sale in Corona Del Mar, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
10 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 18:54 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗