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David Hussain

david@listedbydavid.com +1(858) 215-3512

$ 9,950,000

Est. payment -/mo

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525 El Paseo Drive Corona Del Mar, CA 92625

5 Beds

3 Baths

3,166 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,166 sqft

Price per Sqft $3,142

Subdivision Irvine Terrace (Irvt)

MLS Listing ID NP26088576

Bedrooms 5

Full Baths 3

HOA Fees $575/ann

Year Built 1961

Lot Size 0.820 Acres

Property Sub-Type Detached

Property Description

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 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 that will take on the best aspects of 5-Star resort. At nearly 11,000 sf of living space, the Main Residence offers up to 5 Bedroom, 7 Baths and 2 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 can sometimes be an afterthought in the planning process, that

Location

State CA

County Orange

Zoning R-1

Direction Bayside Drive to El Paseo

Interior

Fireplace No

Exterior

Garage Spaces 2.0

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Cable Not Available, Sewer Connected, Water Connected

Amenities Available Picnic Area, Playground, Sport Court

View Y/N Yes

Water Access Desc Public

View Bay, Ocean, Water, Catalina, Harbor, Neighborhood, City Lights

Total Parking Spaces 2

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

HOA Name Irvine Terrace Community

Senior Community No

Tax ID 05029127

Acceptable Financing Cash, Cash To New Loan

Listing Terms Cash, Cash To New Loan

Special Listing Condition Standard

Listed by Rob Smith, DRE#01113111 Compass

NEARBY SCHOOL & BUSINESS

+1(858) 215-3512

david@listedbydavid.com

2535 Camino Del Rio S #240, San Diego, CA, 92108, USA

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