$22,500 per month
5 Beds
4.5 Baths
3,850 Sq Ft
0.25 Acres

Highlights

  • Primary Bedroom Suite
  • All Bedrooms Downstairs
  • Updated Kitchen
  • Abraham Lincoln Elementary School Rated A
  • Panoramic View
  • Main Floor Bedroom

About This Home

Welcome to 48 Drakes Bay—a striking blend of coastal sophistication and modern design, ideally positioned in the heart of Corona del Mar. Spanning approximately 3,850 square feet, this thoughtfully designed residence offers a rare combination of volume, functionality, and refined elegance just moments from the village, award-winning schools, world-class shopping, and pristine beaches. Perched to capture serene city light views, this five-bedroom, four-and-a-half-bathroom home features a highly versatile layout with three bedrooms on the lower level and two on the upper level—perfect for accommodating multi-generational living, guests, or a private office setup. Expansive bi-folding doors along the rear facade create a seamless indoor-outdoor connection, opening to a tranquil patio and allowing natural light to pour into the living spaces. The chef’s kitchen is a true centerpiece, boasting high-gloss white lacquer cabinetry, premium stainless steel appliances, and an oversized island with a custom built-in breakfast nook—ideal for casual dining or gathering with friends and family. Every detail has been thoughtfully curated to support both everyday living and effortless entertaining. Additional highlights include a wide, finished three-car garage with extensive built-in storage, a spacious primary suite retreat, and a location that puts you just minutes from Fashion Island, top-rated restaurants, and the best of Orange County coastal living.

Listing Agent

Paul Daftarian

Luxe Real Estate Brokerage Phone: 949-484-0387 License #01317949 Listed on: 07/12/2025

Co-Listing Agent

Joe Poppingo

Luxe Real Estate Brokerage Phone: 949-484-0387 License #02055583

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,070

Year Built

  • Built in 1976

Lot Details

  • 0.25 Acre Lot
  • Back Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Driveway

Property Views

  • Panoramic
  • City Lights
  • Mountain
  • Hills

Home Design

  • Turnkey

Interior Spaces

  • 3,850 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Built-In Range
  • Range Hood
  • Freezer
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Walk-In Closet
  • Makeup or Vanity Space
  • Dual Sinks
  • Walk-in Shower

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Fire Pit
  • Rain Gutters

Utilities

  • Central Air
  • Shared Septic

Listing and Financial Details

  • Security Deposit $22,500
  • Rent includes association dues, gardener
  • 12-Month Minimum Lease Term
  • Available 5/30/25
  • Tax Lot 15
  • Tax Tract Number 7386
  • Assessor Parcel Number 46105115

Community Details

Overview

  • Property has a Home Owners Association
  • Spyglass Hill Custom Subdivision

Pet Policy

  • Pets Allowed
  • Pet Deposit $1,000

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,070

Year Built

Built in 1976

Lot Details

0

Parking

3

Rental Info

  • Available Date: 2025-05-30
  • Credit Check Paid By: Tenant
  • Deposit Key: 150
  • Deposit Pets: 1000
  • Deposit Security: 22500
  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: House
  • Other Phone Description: Co Agent
  • Other Phone Number: 949.531.3437
  • Property Attached: No
  • Subdivision Name Other: Spyglass Hill Custom (SPYC)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 46105115
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3850.00 Square Feet
  • Stories: 2
  • Entry Location: Front Door
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room, Fire Pit
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 5.84
  • Room Type: All Bedrooms Down, Formal Entry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bedroom, Primary Suite, Walk-In Closet
  • Bathroom Features: Shower, Double Sinks In Bath(s), Vanity Area, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Remodeled Kitchen

Exterior Features

  • View: City Lights, Hills, Mountain(s), Panoramic
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage, Garage Faces Front
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Double Oven, Freezer, Range Hood, Refrigerator
  • Laundry Features: Individual Room, Inside
  • Sewer: Shared Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Back Yard
  • Lot Size Sq Ft: 11025.00
  • Lot Size Acres: 0.2531

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 11025.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Gardener

Tax Info

  • Tax Census Tract: 626.45
  • Tax Lot: 15
  • Tax Tract Number: 7386

Map

About the Listing Agent

Paul Daftarian

Luxe Real Estate

(949) 990-5707

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Paul Daftarian, co-founder, and principal of the Daftarian Group has forged a sterling reputation for luxury real estate sales representation throughout Southern California over a career that spans more than fifteen years. An agent of choice for discerning clients – ranging from first-time buyers to sophisticated investors – Paul is known for his extensive expertise and six-star service. Today, Paul focuses his practice on the most exclusive enclaves in coastal orange county.

Beyond

Paul's Other Listings

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  • 3 Harbor Light, Newport Coast, CA 92657

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    Majestically situated within the highly coveted guard-gated enclave of Pelican Hill, 3 Harbor Light presents an extraordinary opportunity to own a timeless estate with sweeping views of the Pacific Ocean, Catalina Island, and Newport Harbor. Set on an expansive 9,824 square foot lot, this palatial 6-bedroom, 7.5-bath residence is defined by grand scale, meticulous craftsmanship, and coastal

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  • 1529 Keel Dr, Corona Del Mar, CA 92625

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  • 9 Pelican Crest Dr, Newport Beach, CA 92657

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  • 978 Sandcastle Dr, Corona Del Mar, CA 92625

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  • 2901 Ocean Blvd, Corona Del Mar, CA 92625

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    COMPLETELY FURNISHED - OCEANFRONT MANSION WITH BREATHTAKING VIEWS FROM EVERY ROOM! Experience unparalleled sophistication and exceptional craftsmanship in this stunning gated custom estate, offering sweeping 180-degree views of the Pacific Ocean and Newport Bay. Seamlessly blending indoor and outdoor living, the estate features expansive patios, sun-drenched decks, a rooftop entertainment area,

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  • 1523 Dolphin Terrace, Corona Del Mar, CA 92625

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25117691

California Regional Multiple Listing Service (CRMLS)

APN: 461-051-15