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$16,500

  • Sold
  • Closed
  • Single Family
  • 5 Beds
  • 4 Full Baths
  • 1 Partial Bath
  • 3,850 Sq. Ft.
  • 3 Parking Spaces
  • 3 Car Garage
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Welcome to 48 Drakes Bay-a striking blend of coastal sophistication and modern design, ideally positioned in the heart of Corona del Mar. Spanning approximately 3,850 square feet, this thoughtfully designed residence offers a rare combination of volume, functionality, and refined elegance just moments from the village, award-winning schools, world-class shopping, and pristine beaches. Perched to capture serene city light views, this five-bedroom, four-and-a-half-bathroom home features a highly versatile layout with three bedrooms on the lower level and two on the upper level-perfect for accommodating multi-generational living, guests, or a private office setup. Expansive bi-folding doors along the rear facade create a seamless indoor-outdoor connection, opening to a tranquil patio and allowing natural light to pour into the living spaces. The chef's kitchen is a true centerpiece, boasting high-gloss white lacquer cabinetry, premium stainless steel appliances, and an oversized island with a custom built-in breakfast nook-ideal for casual dining or gathering with friends and family. Every detail has been thoughtfully curated to support both everyday living and effortless entertaining. Additional highlights include a wide, finished three-car garage with extensive built-in storage, a spacious primary suite retreat, and a location that puts you just minutes from Fashion Island, top-rated restaurants, and the best of Orange County coastal living.

Full Property Details for 48 Drakes Bay Dr

General

  • Rent: $16,500
  • Status: Closed
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: OC25117691
  • Added to Site: 190 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months

Interior

  • Rooms/Areas: All Bedrooms Down, Formal Entry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bedroom, Primary Suite, Walk-In Closet
  • Fireplace: Yes
  • Fireplace(s): Living Room, Firepit
  • Eating Areas: Breakfast Counter/Bar, Dining Room, In Kitchen
  • Appliances: Built-In Range, Dishwasher, Double Oven, Freezer, Range Hood, Refrigerator
  • Furnishings: Unfurnished

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Individual Room, Inside

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Parking: Garage (Direct Access), Driveway, Garage, Garage Faces Front

Location

  • County: Orange
  • Subdivision: Spyglass Hill Custom (SPYC)
  • Driving Directions: Cross Streets: San Joaquin and El Capitan

School Information

  • School District: Newport Mesa Unified

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: Central Air

Utilities

  • Sewer: Shared Septic
  • Water: Public

Structural Information

  • Common Walls: No Common Walls
  • Entry Floor Number: 1
  • Entry Location: Front Door
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,850
  • Sq. Ft. Source: Assessor
  • Year Built: 1976
  • Property Condition: Turnkey

Lot Features

  • Property View: City Lights, Hills, Mountain(s), Panoramic
  • Lot Size (Acres): 0.2531
  • Lot Size (Sq. Ft.): 11,025
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre, Back Yard

Financial Considerations

  • Price Per Sq. Ft.: $4.29
  • Security Deposit: $22,500
  • Key Deposit: $150
  • Pet Deposit: $1,000
  • Terms: 12 Months

Listed by Luxe Real Estate, Paul Daftarian and Luxe Real Estate, Joe Poppingo
Sold by Keller Williams Beverly Hills, J.J. Wallack

Listing agents

— 48 Drakes Bay Dr —

  • Paul Daftarian

    Luxe Real Estate

  • Joe Poppingo

    Luxe Real Estate

Schools serving 48 Drakes Bay Dr

School District:Newport-Mesa Unified School District
NameGradesDistance
Abraham Lincoln Elementary School, Newport Beach, CA
3101 Pacific View Dr., Newport Beach, CA 92625
K-61 mi
Corona Del Mar High School
2101 Eastbluff Drive, Newport Beach, CA 92660
7-122.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price History for 48 Drakes Bay Dr

Date
Details
Price
Change
Source
10/24/2025
Sold
$16,500
-17.48%
MLS
9/04/2025
Price Reduced
$19,995
-11.13%
MLS
7/12/2025
Listed
$22,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Luxe Real Estate, Paul Daftarian and Luxe Real Estate, Joe Poppingo
Sold by Keller Williams Beverly Hills, J.J. Wallack

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48 Drakes Bay Drive, Corona del Mar, CA 92625 (MLS# OC25117691) is a Single Family property that was sold at $16,500 on October 24, 2025. Want to learn more about 48 Drakes Bay Drive? Do you have questions about finding other real estate for sale or rent in Corona del Mar? You can browse all Corona del Mar rentals or contact a Coldwell Banker agent to request more information.