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$9,950,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 525 El Paseo Dr
General
- Price: $9,950,000
- HOA FEE: $48/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Lots/Land
- Source: MRMLS
- MLS ID: NP26092209
- Updated: 4/29/2026
- Days on Market: 1 days
- Added to Site: 2 day(s) ago
Location
- Area: CS - Corona Del Mar - Spyglass
- County: Orange
- Development Name: CS - Corona Del Mar - Spyglass
- Subdivision: Irvine Terrace (IRVT)
- Driving Directions: Bayside Drive to El Paseo
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Not Available, Natural Gas Connected, Phone Available, Sewer Connected, Electricity Connected, Water Connected
Lot Features
- Property View: Ocean, Catalina, Bay, City Lights, Neighborhood, Harbor, Water
- Lot Size (Acres): 0.8196
- Lot Size (Sq. Ft.): 35,700
- Lot Size Source: Public Records
- Present Use: Residential
- Potential Use: Residential
- Zoning: R-1
- Lot Description: Gutters, Curbs, Street Lights, Storm Drains, Sidewalks, Suburban, Park
Financial Considerations
- Price Per Sq. Ft.: $278.71
- Association Fee: $575
- Assoc Fee Freq.: Annually
Listed by Compass, Rob Smith
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Schools
Schools serving 525 El Paseo Dr
School District:Newport-Mesa Unified School District
| Name | Grades | Distance |
|---|---|---|
Abraham Lincoln Elementary School, Newport Beach, CA 3101 Pacific View Dr., Newport Beach, CA 92625 | K-6 | 1.3 mi |
Corona Del Mar High School 2101 Eastbluff Drive, Newport Beach, CA 92660 | 7-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 525 El Paseo Dr
Date
Details
Price
Change
Source
4/28/2026
Listed
$9,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 525 El Paseo Dr
525 El Paseo Drive, Corona del Mar, CA 92625 (MLS# NP26092209) is a Lots/Land property with a lot size of 0.8196 acres. 525 El Paseo Drive is currently listed for $9,950,000 and was received on April 28, 2026. Want to learn more about 525 El Paseo Drive? Do you have questions about finding other Lots/Land 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.

