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Katrina Smith

katrina.smith@pinpointproperties.com +1(949) 209-9004

$9,950,000

Est. payment - /mo

5 Beds

3 Baths

3,166 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,166 sqft

Price per Sqft $3,142

Subdivision Irvine Terrace (Irvt)

MLS Listing ID NP26088576

Bedrooms 5

Full Baths 3

Construction Status Building Permit

HOA Fees $575/ann

HOA Y/N Yes

Year Built 1961

Lot Size 0.820 Acres

Property Sub-Type Single Family Residence

Property Description

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.

Location

State CA

County Orange

Area Cs - Corona Del Mar - Spyglass

Zoning R-1

Rooms

Main Level Bedrooms 5

Interior

Interior Features All Bedrooms Down

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features On Site, On Street

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Gutter(s), Park, Storm Drain(s), Street Lights, Suburban, Sidewalks

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

Amenities Available Sport Court, Picnic Area, Playground, Tennis Court(s)

View Y/N Yes

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

Total Parking Spaces 2

Private Pool No

Building

Lot Description Bluff, Corner Lot, Irregular Lot, Sloped Up, Tear Down, Value In Land

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Building Permit

Schools

Elementary Schools Harbor View

Middle Schools Corona Del Mar

High Schools Corona Del Mar

School District Newport Mesa Unified

Others

HOA Name Irvine Terrace Community Association

Senior Community No

Tax ID 05029127

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Lease Land No

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Listed by Rob Smith Compass 949-697-8855, DRE #01113111

NEARBY SCHOOL & BUSINESS

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Katrina Smith

+1(949) 209-9004

Broker | DRE#01915697

Broker DRE#01915697

525 El Paseo DR Corona Del Mar, CA 92625

Katrina Smith

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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525 El Paseo DR