About 2516 Bayside Drive
Rare Coastal Investment & Dream Build Opportunity in Corona del Mar Perched above Bayside Drive with harbor and ocean views, this rare multi-unit income property offers endless possibilities in one of Coastal Orange County’s most coveted zip codes. Zoned R2 and featuring three well-maintained units, this unique lot also comes with plans set for approval by renowned architect Chris Brandon, showcasing a future architectural masterpiece — a modern coastal home with floor-to-ceiling glass, open-concept design, and a stunning rooftop deck with covered outdoor living space to soak in harbor views.Currently configured as a charming mid-century modern triplex, each unit boasts its own address:2516 & 2518 feature 2 beds, 2 baths, 1-car garages, vaulted wood-beamed ceilings, A/C, in-unit laundry, updated appliances, and expansive windows to capture the harbor views.2516 ½ is a private studio with a covered patio, side yard, and dedicated storage — ideal for guests, rental income, or a private workspace.The property sits on a special entitlement lot — spaciously set back via a private drive , offering privacy, abundant parking, and a park-like atmosphere. Located just one block from picturesque Begonia Park, walking distance to the beach and famed ocean blvd , the village,Newport Harbor, Fashion Island, walking trails, and the world-class shopping and dining of Corona del Mar and Newport Beach.Whether you're an investor seeking a premium long-term asset, a buyer looking to downsize and rent additional units, or a visionary ready to build a landmark coastal residence, this is your opportunity to own an irreplaceable piece of CDM real estate. Opportunities like this rarely come to market / Proforma on existing available.
Features of 2516 Bayside Drive
| MLS® # | OC25083124 |
|---|---|
| Price | $5,750,000 |
| Bedrooms | 2 |
| Bathrooms | 3.00 |
| Acres | 0.08 |
| Year Built | 1972 |
| Type | Residential Income |
| Sub-Type | Single Family Residence |
| Style | Mid-Century Modern |
| Status | Active |
Community Information
| Address | 2516 Bayside Drive |
|---|---|
| Area | CS - Corona Del Mar - Spyglass |
| Subdivision | Corona del Mar South of PCH (CDMS) |
| City | Corona Del Mar |
| County | Orange |
| Zip Code | 92625 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 8 |
| Parking | Concrete, Door-Multi, Driveway, Driveway Up Slope From Street, Garage Faces Front, Garage, Guest, Paved, Public, Private, On Street |
| # of Garages | 2 |
| Garages | Concrete, Door-Multi, Driveway, Driveway Up Slope From Street, Garage Faces Front, Garage, Guest, Paved, Public, Private, On Street |
| View | City Lights, Park/Greenbelt, Harbor, Ocean |
| Is Waterfront | No |
| Waterfront | Ocean Side Of Highway |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Laminate |
|---|---|
| Interior Features | Beamed Ceilings, Balcony, Block Walls, Ceiling Fan(s), High Ceilings, In-Law Floorplan, Laminate Counters, Living Room Deck Attached, Multiple Staircases, Tile Counters, All Bedrooms Up |
| Appliances | SixBurnerStove, Gas Range, Range Hood, Water Heater |
| Heating | Central |
| Cooling | Central Air |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Asphalt, Drywall, Stucco |
|---|---|
| Lot Description | TwoToFiveUnitsAcre, Front Yard, Greenbelt, Lawn, Rectangular Lot, Sprinklers Timer, Tear Down, Value In Land, Walkstreet |
| Roof | Asphalt, Composition, Flat |
| Construction | Asphalt, Drywall, Stucco |
| Foundation | Raised, Slab |
Additional Information
| Date Listed | April 9th, 2025 |
|---|---|
| Days on Market | 7 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Leo Goldschwartz |
|---|---|
| Office | Coldwell Banker Realty |