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$4,995,000

  • For Sale
  • Active
  • Multi-Family
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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: Multi-Family
  • Source: MRMLS
  • MLS ID: OC25083124
  • Updated: 12/26/2025
  • Days on Market: 238 days
  • Added to Site: 277 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
  • Appliances: 6 Burner Stove, Gas Range, Range Hood, Water Heater Central
  • Flooring: Laminate

Rooms

Other Rooms

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

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

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

Location

  • Area: CS - Corona Del Mar - Spyglass
  • County: Orange
  • Development Name: CS - Corona Del Mar - Spyglass
  • Driving Directions: CARNATION TO BAYSIDE SOUTH.
  • Direction Faces: Northwest

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 3
  • # Gas Meters: 3
  • # Electric Meters: 3

Structural Information

  • Architectural Style: Mid Century Modern
  • Foundation: Raised, Slab
  • Roof: Asphalt, Composition, Flat
  • Entry Location: LEVEL/SECOND LEVEL
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 2,550
  • Year Built: 1972

Unit Information

Unit 1

  • Number of Units: 2
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1

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
  • Lot Description: 2-5 Units/Acre, Front Yard, Greenbelt, Lawn, Rectangular Lot, Sprinklers Timer, Tear-Down, Value In Land, Walking Street

Financial Considerations

  • Price Per Sq. Ft.: $1,958.82
  • Price Per Unit: 1665000

Disclosures and Reports

  • Exclusions: ALL PERSONAL AND TENANT BELONGINGS.
  • 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
6/15/2025
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.

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2516 Bayside Drive, Corona del Mar, CA 92625 (MLS# OC25083124) is a Multi-Family property with 3 units containing 0 bedrooms and 0 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 Multi-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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