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$4,995,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 5 Full Baths
  • 2,550 Sq. Ft.
  • 2 Car Garage
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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.

Full Property Details for 2516 Bayside Dr

General

  • Price: $4,995,000
  • Status: Active
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: OC25079508
  • Updated: 10/27/2025
  • Days on Market: 242 days
  • Added to Site: 276 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Up, Family Room, Kitchen
  • Interior Features: 2 Staircases, Balcony, Beamed Ceilings, Block Walls, Ceiling Fan(s), Copper Plumbing (Partial), High Ceilings, In-Law Floorplan, Laminate Counters, Living Room Balcony, Living Room Deck Attached, Tile Counters
  • Fireplace(s): None
  • Eating Areas: Breakfast Counter/Bar, Breakfast Nook
  • Appliances: 6 Burner Stove, Gas Range, Range Hood, Water Heater Central
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Gas & Electric Dryer Hookup, Inside, Stackable

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Deck/Patio: Deck, Patio, Open Patio, Front Porch, Slab, Terrace, Wood

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Combination Driveway, Concrete, Paved, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage (Two Doors), Guest, Private, Public, Street

Location

  • County: Orange
  • Subdivision: Corona del Mar South of PCH (CDMS)
  • Driving Directions: CARNATION TO BAYSIDE SOUTH.
  • Direction Faces: Northwest

School Information

  • School District: Newport Mesa Unified
  • Elementary School: HARVIE
  • Middle School: LINCOL
  • High School: CODEMA

Community

  • Community Features: Biking, Curbs, Gutters, Park, Sidewalks, Street Lights

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Mid Century Modern
  • Structure Type: Single Family Residence
  • Construction: Asphalt, Drywall Walls, Stucco
  • Foundation: Raised, Slab
  • Roof: Asphalt, Composition, Flat
  • Common Walls: No Common Walls
  • Disability Access: Wide Halls (36 Inches or More), No Interior Steps
  • Entry Location: LEVEL/SECOND LEVEL
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 2,550
  • Sq. Ft. Source: Estimated
  • Year Built: 1972
  • Year Built Source: Assessor
  • Property Condition: Building Permit

Additional Structures

  • Other Structures: Storage

Lot Features

  • Property View: City Lights, Harbor, Ocean, Park/Greenbelt
  • Lot Size (Acres): 0.0813
  • Lot Size (Sq. Ft.): 3,540
  • Lot Size Source: Estimated
  • Irrigation System: Sprinkler System
  • Lot Description: 2-5 Units/Acre, Front Yard, Greenbelt, Lawn, Rectangular Lot, Sprinklers Timer, Tear-Down, Value In Land, Walking Street
  • Fencing (Description): Block

Financial Considerations

  • Price Per Sq. Ft.: $1,958.82

Disclosures and Reports

  • Special Conditions: Standard
  • Inclusions: NEGOTIABLE
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 2516 Bayside Dr —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 2516 Bayside Dr

School District:Newport-Mesa Unified School District
NameGradesDistance
Harbor View Elementary School
900 Goldenrod Ave., Newport Beach, CA 92625
K-60.5 mi
Corona Del Mar High School
2101 Eastbluff Drive, Newport Beach, CA 92660
7-122.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2516 Bayside Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/11/2025
Price Reduced
$4,995,000
-13.13%
MLS
4/15/2025
Listed
$5,750,000
133.74%
MLS
4/02/2021
Sold
$2,460,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2516 Bayside Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,922
2%
$2,610,571
2%
2024
$27,482
2%
$2,559,384
2%
2023
$26,837
2%
$2,509,200
2%
2022
$26,390
12%
$2,460,000
12%
2021
$23,636
1%
$2,198,013
1%
2020
$23,409
2%
$2,175,476
2%
2019
$22,928
2%
$2,132,820
2%
2018
$22,472
226%
$2,091,000
240%
2017
$6,893
2%
$614,934
2%
2016
$6,741
1%
$602,877
2%
2015
$6,673
2%
$593,822
2%
2014
$6,516
1%
$582,190
—
2013
$6,475
—
$579,559
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2516 Bayside Dr

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2516 Bayside Drive, Corona del Mar, CA 92625 (MLS# OC25079508) is a Single Family property with 5 bedrooms and 5 full bathrooms. 2516 Bayside Drive is currently listed for $4,995,000 and was received on April 15, 2025. This property is listed by Leo Goldschwartz from our Newport Beach Office.Want to learn more about 2516 Bayside Drive? Do you have questions about finding other Single Family real estate for sale in Corona del Mar? You can browse all Corona del Mar real estate or contact a Coldwell Banker agent to request more information.

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