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2516 Bayside Dr
For Sale $4,995,000
$4,995,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 3,540 Sq Ft
Description
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,995,000 |
| Property Type | Single Family Homes |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 2 spots |
| Year Built | 1972 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 45911410 |
| MLS # | OC25083124 |
| Property ID | 321893864 |
| Lot Sqft | 3,540 |
| Zoning | Unknown |
| Total Units | 3 |
| Days on Market | 257 |
| Original List Price | $5,750,000 |
| Applicances | 6 Burner Stove,Gas Range,Range Hood,Water Heater% |
| Date Updated | July 24, 2025 |
| Date Created | April 09, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $6,800 | $0 |
| Net Income (Yr) | $ 73,600 |
Listing Provided By
Leo Goldschwartz an agent of . Lic #01704591
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of July 24, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT