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525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
525 El Paseo Drive
VIEW PHOTOS
$9,950,000

525 El Paseo Drive

0.82 Acres

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.

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Location

525 El Paseo Drive, Corona Del Mar, CA 92625

Status

For Sale

Property Amenities

Area & Lot
Lot Area 0.82 Acres
MLS® ID NP26092209
View Description Bay,Catalina,City Lights,Harbor,Neighborhood,Ocean,Water
Type Land
Status For Sale
Exterior
Water Source Public
Sewer Public Sewer
Lot Features Bluff, Corner Lot, Irregular Lot, Sloped Up, Tear Down, Value In Land
Utilities Cable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Finance
Sales Price $9,950,000
HOA Fees $575 yearly
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Schedule a Showing

I would love to show you this beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Thank you for your interest in 525 El Paseo Drive, Corona Del Mar, CA 92625. We are reviewing your request and will be in touch shortly!

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Corona Del Mar

33.5979° N, 117.8730° W

Work With Lena

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