714-914-4996

525 El Paseo Drive,
Corona del Mar, CA 92625

$9,950,000

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 is certainly not the case at this residence, with room for 7 - 10 vehicles and boasting the coveted "Bat Cave" entrance at street level. And we can't forget to mention the Views of the Pacific Ocean, Newport Harbor, Catalina Island, and City Lights, and being in close proximity to Balboa Island, Beaches, Private Golf, Tennis & Yacht Clubs, Fashion Island/Newport Center and the heart of Corona del Mar. Once completed, this home is destined to become legendary.

Basic Information

MLS #:
NP26088576

Price:
$9,950,000

Price
(per sq ft):
$3,142.00

Address:
525 El Paseo Drive ,
Corona del Mar, CA 92625

MLS Area:
CS - Corona Del Mar - Spyglass

Subdivision:
Irvine Terrace (IRVT)

Property
Type:
Single Family Residence

Days on Market:
1

Status:
Active

Bedrooms:
5

Bathrooms:
3

Full Baths:
3

Size (sq ft):
3,166 sq ft

Lot Size:
35,700 sq ft

Year Built:
1961

Sale Type:
Standard

Rooms in Home

Rooms:
All Bedrooms Down

Eating Area:

Laundry:
None

Entry Location:
1

Interior Features

Fireplace:
None

Cooling:
None

Heating:

Floor:

Appliances:

Interior Features:

Security:

Accessibility:

Garage and Parking

Garage:
Attached

Garage:
2 Spaces

Carport:
0 Spaces

Parking:
On Site, Street

Home Owners Association

HOA Dues 1:
$575.00 / Annually

HOA Dues 2:
$

HOA Amenities: 
Sport Court, Playground, Tennis Court(s), Picnic Area

Utilities

Water:
Public

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

School Information

District:
Newport Mesa Unified

Elementary:
HARVIE

Middle:
CODEMA

High:
CODEMA

Exterior Features

Pool:
None

Spa:
None

Patio:

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

Construction:

Foundation:

Roof:

Windows:

Common Walls:
No Common Walls

Levels:
One

Lot Features:
Corner Lot, Bluff, Irregular Lot, Tear Down, Lot 20000-39999 Sqft, Up Slope from Street, Value In Land

Additional Information

County:
Orange

Senior Community:
No

Community Features:
Gutters, Curbs, Street Lights, Storm Drains, Sidewalks, Suburban, Park

Other Structures:

Structure Condition:
Building Permit

Direction Faces:

Listed by:
Compass , Rob Smith , 01113111

Co-Listed:

Last
Updated:
4/29/2026 6:28 AM

525 El Paseo Drive,
Corona del Mar, CA 92625