$4,000,000
OPEN SAT 11AM - 3PM

Estimated payment $26,665/month

Total Views 91,045
4 Beds
3 Baths
2,456 Sq Ft
$1,629 Price per Sq Ft

Highlights

  • Popular Property
  • Ocean View
  • Pier or Dock
  • Harbor View Elementary School Rated A
  • Pier
  • 4-minute walk to Lookout Point

About This Home

Elegant, rare, and spacious — welcome to this premier double-unit bay front residence in the exclusive gated community of Channel Reef. Located at 2525 Ocean Blvd in Corona del Mar, this expansive four-bedroom, three-bathroom home offers breathtaking panoramic views of Newport Harbor and the main channel.

Designed for both relaxed coastal living and grand-scale entertaining, the open-concept layout flows seamlessly onto a large private patio with direct access to the community pool, spa, and BBQ area. The chef’s kitchen is a standout, featuring under-lit stone countertops, custom cabinetry, and top-of-the-line Wolf and Subzero appliances.

Unique to this ground-level residence is the rare convenience of driving directly to your private entry, making daily living and unloading effortless. Enjoy walkable access to China Cove, Pirate’s Cove, and world-class dining and shopping in Corona del Mar and nearby Newport Beach. With a potential future dock space and luxury amenities throughout, this home delivers the ultimate in coastal living.

Listing Agent

Cyrus Mohseni

The Keystone Team Brokerage Phone: 562-501-4450 License #02024260 Listed on: 07/18/2025

Co-Listing Agent

Tyler Hinson

The Keystone Team Brokerage Phone: 562-501-4450 License #02198945

Open House Schedule

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $33,025

Year Built

  • Built in 1963

Lot Details

  • Property Fronts a Bay or Harbor
  • No Units Located Below
  • Two or More Common Walls

HOA Fees

  • $2,160 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Gated Parking
  • Guest Parking
  • Assigned Parking
  • Controlled Entrance
  • Community Parking Structure

Property Views

  • Ocean
  • Marina
  • Harbor
  • Views of a pier
  • Panoramic
  • Pool

Interior Spaces

  • 2,456 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Double Door Entry
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Double Convection Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Stone Bathroom Countertops
  • Bathtub
  • Separate Shower

Accessible Home Design

  • No Interior Steps
  • More Than Two Accessible Exits

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Pier
  • Ocean Side of Highway 1
  • Concrete Porch or Patio
  • Exterior Lighting

Utilities

  • Radiant Heating System
  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 89525049
  • $382 per year additional tax assessments

Community Details

Overview

  • 48 Units
  • Channel Reef Community Association, Phone Number (949) 673-1788
  • Channel Reef Management HOA
  • Channel Reef Subdivision
  • 6-Story Property

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Pier or Dock
  • Community Pool
  • Community Spa
  • Fishing

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$33,025

Year Built

Built in 1963

Lot Details

0

HOA Fees

$2,160 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Gated Community, Resident Manager
  • Subdivision Name Other: Channel Reef (CREF)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 89525049
  • Year Built: 1963
  • Special Features: OpenHouse

Interior Features

  • Fireplace: No
  • Living Area: 2456.00 Square Feet
  • Interior Amenities: Crown Molding, Open Floorplan, Stone Counters, Unfurnished
  • Stories: 6
  • Entry Location: Ground floor
  • Common Walls: 2+ Common Walls, No One Below
  • Flooring: Stone, Tile
  • Accessibility Features: 2+ Access Exits, No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Double Door Entry
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1628.66
  • Room Type: All Bedrooms Down, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
  • Spa Features: Community, In Ground
  • Bathroom Features: Bathtub, Shower, Main Floor Full Bath, Separate Tub And Shower, Stone Counters
  • Room Kitchen Features: Stone Counters

Exterior Features

  • Patio: Yes
  • Exterior Features: Lighting, Pier
  • View: Harbor, Marina, Ocean, Panoramic, Pier, Pool, Water
  • Patio And Porch Features: Concrete, Patio Open
  • Pool Features: Community, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Controlled Entrance, Gated, Guest
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Double Oven, Electric Cooktop, Microwave, Refrigerator
  • Heating Type: Radiant
  • Laundry Features: Common Area, Community
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Pier, Trash, Utilities, Pet Rules, Controlled Access
  • Association Fee: 2160.00
  • Association Fee Frequency: Monthly
  • Association Name: Channel Reef Community Association
  • Phone: (949) 673-1788
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Fishing
  • Association Management: Channel Reef Management

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 52579.00
  • Lot Size Acres: 1.2070

Multi Family

  • Lease Considered: No
  • Lot Size Area: 52579.0000 Square Feet
  • Number Of Units In Community: 48
  • Number Of Units Total: 2
  • Waterfront Features: Bay Front, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 627.01
  • TaxOtherAnnualAssessmentAmount: 382.00

Map

Range of Values:

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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 $33,025 $3,171,571 $2,676,376 $495,195
2024 $33,025 $3,109,384 $2,623,898 $485,486
2023 $32,252 $3,048,416 $2,572,449 $475,967
2022 $31,717 $2,988,644 $2,522,009 $466,635
2021 $31,107 $2,930,044 $2,472,558 $457,486
2019 $18,769 $1,757,003 $1,488,751 $268,252
2018 $8,463 $771,836 $640,630 $131,206
2017 $8,240 $756,702 $628,068 $128,634
2016 $8,056 $741,865 $615,753 $126,112
2015 $7,978 $730,722 $606,504 $124,218
2014 $7,790 $716,409 $594,624 $121,785
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $4,000,000 -- $1,629 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Ticor Ttl Orange Cnty Branch
Grant Deed $2,900,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,500,000 New Conventional
Closed $1,884,900 Adjustable Rate Mortgage/ARM
Previous Owner $1,500,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Cyrus Mohseni

The Keystone Team

(949) 666-8017

Section Image

Cyrus Mohseni is a multitalented real estate professional, entrepreneur, speaker, and philanthropist. His unmatched drive, unmistakable integrity, and unwavering commitment to client service have made him a highly sought-after agent by property buyers and sellers in Southern California. Cyrus was named one of the Top Ten Real Estate Entrepreneurs to Follow Going Into 2022 by USA Today, a 30 Under 30 honoree by the National Association of Realtors®, a member of the Forbes Real Estate Council,

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25159680

California Regional Multiple Listing Service (CRMLS)

APN: 895-250-49