$25,000,000
NEW CONSTRUCTION

Estimated payment $143,111/month

Total Views 21,841
4 Beds
8 Baths
7,270 Sq Ft
$3,439 Price per Sq Ft

Highlights

  • Ocean Front
  • Under Construction
  • Ocean Side of Highway 1
  • Harbor View Elementary School Rated A
  • Private Pool
  • 4-minute walk to Lookout Point

About This Home

This is a genuine once-in-a-lifetime opportunity to acquire the finest bayfront parcel in Corona del Mar. Set on a sloping bluff cascading down to its private cove, this property affords unequalled panoramic views of the harbor, ocean, Catalina and sunsets from its elevated pad area. Included in the offering are the initial phase of construction improvements (grading, shoring, and extensive new foundation construction). Now the project is ready for a new owner to step in and complete the construction of the spectacular contemporary home of 7,270 square feet that was designed by renowned architect Chris Brandon. From the moment one steps inside the two-story entry hall, the new home when completed will feel as though it is floating above the cove and harbor below. Extraordinary ceiling heights complement spacious rooms in the open plan. Floor-to-ceiling walls of glass bring the out of doors in, making the home at one with its scintillating setting at the water's edge. Several outdoor terraces, an entertaining cabana, elevated infinity pool and private gardens will complete the home. Also included in a massive private dock with accommodations for several water craft. Over ten years in the making, this was an extraordinary undertaking to plan and receive permits to build; permits that would not likely be granted again. The construction, too, required the very best team to bring it to life. With the "difficult" part of the project now complete, a new owner will be able to create the home of their dreams in a relatively short period of time.

Listing Agent

Robert Giem

Plus Real Estate Brokerage Phone: 949-933-7046 License #01082750 Listed on: 03/27/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $118,966

Year Built

  • Built in 2025 | Under Construction

Lot Details

  • 0.38 Acre Lot
  • Ocean Front
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Attached Garage
  • Parking Available

Property Views

  • Ocean
  • Harbor
  • Catalina
  • City Lights

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 7,270 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Pool

  • Private Pool
  • Spa

Additional Features

  • Ocean Side of Highway 1
  • Suburban Location
  • Cooling Available

Community Details

  • No Home Owners Association
  • Corona Del Mar South Of Pch Subdivision

Listing and Financial Details

  • Tax Lot C,D
  • Assessor Parcel Number 05201332
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Est. Annual Taxes

$118,966

Year Built

Built in 2025 | Under Construction

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Corona del Mar South of PCH (CDMS)
  • View: Yes
  • New Construction: Yes
  • Property Condition: Under Construction
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05201332
  • Year Built: 2025
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 7270.00 Square Feet
  • Stories: 3
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Entry Level: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3438.79
  • Spa Features: Private

Exterior Features

  • View: Catalina, City Lights, Harbor, Ocean
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 16340.00
  • Lot Size Acres: 0.3751

Multi Family

  • Lease Considered: No
  • Lot Size Area: 16340.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Front, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: C,D

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $118,966 $11,494,278 $11,494,278 --
2024 $118,966 $11,268,900 $11,268,900 --
2023 $116,196 $11,047,942 $11,047,942 $0
2022 $111,710 $10,586,218 $10,586,218 $0
2021 $135,200 $12,815,488 $10,378,646 $2,436,842
2020 $133,905 $12,684,081 $10,272,225 $2,411,856
2019 $131,096 $12,435,374 $10,070,809 $2,364,565
2018 $128,470 $12,191,544 $9,873,343 $2,318,201
2017 $126,191 $11,952,495 $9,679,748 $2,272,747
2016 $123,336 $11,718,133 $9,489,949 $2,228,184
2015 $122,188 $11,542,116 $9,347,401 $2,194,715
2014 $119,303 $11,316,022 $9,164,298 $2,151,724
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2025 03/27/25 For Sale $25,000,000 -- $3,439 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Western Resources Title Co
Grant Deed -- Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $998,000 New Conventional
Open $13,302,000 Construction
Closed $5,290,000 New Conventional
Closed $1,000,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25060600

California Regional Multiple Listing Service (CRMLS)

APN: 052-013-32