$14,995,000
$1M PRICE DROP

Estimated payment $82,049/month

Total Views 35,598
7 Beds
5.5 Baths
5,084 Sq Ft
$2,949 Price per Sq Ft

Highlights

  • White Water Ocean Views
  • Property has ocean access
  • Sauna
  • Harbor View Elementary School Rated A
  • Spa
  • 2-minute walk to Corona Del Mar State Beach Park

About This Home

Just feet from the sand in Corona del Mar, behind the gates of the exclusive Breakers Drive enclave and on the market for the first time since its construction, this once-in-a-lifetime residence overlooks Big Corona Beach, the stone jetties that line Newport Harbor’s entrance channel, Catalina Island, breaking waves, and dramatic coastline bluffs. Virtually hidden from the street above and exceptionally private on every level, this coastal gem of approximately 5,084 square feet consists of a 5-bedroom, 3.5-bath main residence, and a separate 2-bedroom, 2-bath ADU with front-row ocean views which is currently leased and offers outstanding income potential. The home’s private entry introduces the lowest floor and hosts an office or bedroom with ensuite bath and a wet bar. Offering separate outside access, a media lounge with tray ceiling and wet bar can easily become a studio or home gym. Floating stairs lead to the main level of the residence, which impresses with stunning ocean and beach views, a towering double-height vaulted ceiling with floor-to-ceiling windows, access to a spacious ocean-view terrace, a fireplace with bookmatched stone surrounds, a wet bar, and a dining room with built-in buffet. An island kitchen shines with granite countertops, Thermador and Sub-Zero appliances, and a fireplace-warmed breakfast room opening to a private rear patio with automated sprinklers. Locking gates lead from the patio to the street behind and a short stroll to Corona del Mar’s village shops and restaurants. The patio can also be reached by a wood-paneled guest room. On the top floor, an open landing overlooks the living room below and leads to two ocean-view guest rooms, with one leading to a beach-view balcony, and another offering access to a private rear balcony. Separate from the guest bedrooms, the primary suite is fully appointed with a balcony overlooking the ocean, a cedar-lined walk-in closet and a sauna with door to the rear balcony. Mid-Century style is complemented by clerestory windows, vaulted open-beam ceilings, custom built-ins, and a period-perfect intercom system. Enjoy easy access to Big Corona’s broad beach, tide pools, Fashion Island, Pelican Hill, and John Wayne Airport.

Listing Agent

Tim Smith

Coldwell Banker Realty Brokerage Phone: 949.478.2295 License #01346878 Listed on: 01/06/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,848

Year Built

  • Built in 1968

Lot Details

  • 6,190 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic

Home Design

  • Duplex
  • Split Level Home
  • Planned Development

Interior Spaces

  • 5,084 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • Beamed Ceilings
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Track Lighting
  • Custom Window Coverings
  • Blinds
  • Double Door Entry
  • Sliding Doors
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Home Office
  • Sauna

Kitchen

  • Breakfast Area or Nook
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Tile Countertops
  • Utility Sink
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • Mirrored Closets Doors
  • Bathroom on Main Level
  • Granite Bathroom Countertops
  • Stone Bathroom Countertops
  • Tile Bathroom Countertop
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Walk-in Shower
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Spa
  • Property has ocean access
  • Beach Access
  • Ocean Side of Highway 1
  • Balcony
  • Open Patio

Location

  • Across the Road from Lake or Ocean

Schools

  • Corona Del Mar High School

Utilities

  • Forced Air Heating System
  • Standard Electricity

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 1026
  • Assessor Parcel Number 05212004
  • $523 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Breakers Drive Assn. Association, Phone Number (949) 673-2876
  • Breakers Dr HOA
  • Corona Del Mar South Of Pch Subdivision

Recreation

  • Water Sports

Security

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,848

Year Built

Built in 1968

Lot Details

0

HOA Fees

$100 per month

Parking

3

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Ad Number: 949.919.5899
  • Other Phone Description: Showings
  • Other Phone Number: 949.919.5899
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Gated Community
  • Subdivision Name Other: Corona del Mar South of PCH (CDMS)
  • View: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 05212004
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5084.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Crown Molding, Elevator, Granite Counters, High Ceilings, Living Room Deck Attached, Recessed Lighting, Stone Counters, Tile Counters, Track Lighting, Wet Bar
  • Stories: 3
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Door Features: Double Door Entry, Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Nook, Dining Room
  • Entry Level: 1
  • Fireplace Features: Kitchen, Living Room
  • Levels: Three Or More, Multi/Split
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2949.45
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Office, Sauna, Walk-In Closet
  • Spa Features: Private
  • Window Features: Blinds, Custom Covering, Skylight(s)
  • Bathroom Features: Shower, Closet In Bathroom, Double Sinks In Primary Bath, Granite Counters, Main Floor Full Bath, Privacy Toilet Door, Stone Counters, Tile Counters, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Utility Sink

Exterior Features

  • Patio: Yes
  • View: Catalina, Coastline, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Patio, Patio Open
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Front, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Freezer, Microwave, Refrigerator
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Call for Rules, Management, Controlled Access
  • Association Fee: 1200.00
  • Association Fee Frequency: Annually
  • Association Name: BREAKERS DRIVE ASSN.
  • Phone: 949-673-2876
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Watersports
  • Association Management: Breakers Dr

Schools

  • School District: Newport Mesa Unified
  • High School: Corona Del Mar
  • High School: Corona Del Mar
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6190.00
  • Lot Size Acres: 0.1421

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6190.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Ocean Access, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 627.02
  • Tax Lot: 2
  • Tax Tract Number: 1026
  • TaxOtherAnnualAssessmentAmount: 523.00

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 $4,848 $14,565,600 $14,052,077 $513,523
2024 $4,848 $416,223 $170,189 $246,034
2023 $4,728 $408,062 $166,852 $241,210
2022 $4,642 $400,061 $163,580 $236,481
2021 $4,554 $392,217 $160,372 $231,845
2020 $4,509 $388,196 $158,728 $229,468
2019 $4,423 $380,585 $155,616 $224,969
2018 $4,337 $373,123 $152,565 $220,558
2017 $4,261 $365,807 $149,573 $216,234
2016 $4,169 $358,635 $146,640 $211,995
2015 $4,126 $353,248 $144,437 $208,811
2014 $4,028 $346,329 $141,608 $204,721
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Price Changed $14,995,000 -6.3% $2,949 / Sq Ft
01/06/2025 01/06/25 For Sale $15,995,000 0.0% $3,146 / Sq Ft
02/04/2022 02/04/22 Rented $7,200 0.0% --
01/24/2022 01/24/22 For Rent $7,200 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24236762

California Regional Multiple Listing Service (CRMLS)

APN: 052-120-04