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$5,498,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 5 Full Baths
  • 2,550 Sq. Ft.
  • 2 Car Garage
  • Updated 1 hour ago

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Open House: 1:00 PM - 4:00 PM

Saturday 10/10 1:00 PM - 4:00 PM

2516 Bayside Dr,Newport Beach, CA 92625

2516 Bayside DrNewport BeachCA92625

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  • Open House: 1:00 PM - 4:00 PM

    Sunday 10/11 1:00 PM - 4:00 PM

    2516 Bayside Dr,Newport Beach, CA 92625
    2516 Bayside DrNewport BeachCA92625
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A rare harbor-view opportunity in the heart of Corona del Mar, 2516 Bayside Drive combines immediate income potential with a fully approved, permit-ready path to an exceptional new custom residence. Positioned on an approximately 3,540-square-foot lot, the property enjoys prominent harbor views and additional on-site parking while currently offering two 2-bedroom, 2-bath residences plus a studio, with projected gross rental income of approximately $14,000 per month, or $168,000 annually. Two of the three units are currently vacant, with only the larger 2-bedroom residence tenant-occupied, providing a future owner with added flexibility for leasing, personal use, or future redevelopment while determining the optimal timing for construction. The property's defining opportunity is its fully approved architectural plans for an approximately 3,500-square-foot, three-level contemporary single-family residence, with the building permit ready for pickup. Originally designed by Brandon Architects and subsequently completed and finalized by Horst Architects, the residence has been thoughtfully conceived to maximize the property's harbor views and exceptional coastal setting. Renderings included in the listing photos are conceptual architectural renderings of the approved proposed residence and are provided for illustrative purposes only. The sophisticated design features expansive glazing and seamless indoor-outdoor living, a dramatic great room with fireplace, and a large eat-in kitchen with island and pantry. The residence offers four full bedrooms and four full bathrooms, including en-suite secondary bedrooms and a luxurious primary suite with fireplace and walk-in closet, plus two additional powder rooms-one conveniently located on the main level and another on the rooftop. Additional highlights include an elevator, two-car garage, expansive outdoor living areas, and a spectacular rooftop entertaining deck complete with a covered cabana and powder room. Unlike a typical development opportunity requiring a lengthy architectural, entitlement, and approval process, 2516 Bayside offers the flexibility of income today together with a substantially advanced path toward creating a new luxury residence. Harbor views. Immediate income potential. Two units currently vacant. Fully approved plans. Building permit ready for pickup. An exceptional opportunity to create a signature coastal residence in Corona del Mar.

Full Property Details for 2516 Bayside Dr

General

  • Price: $5,498,000
  • Status: Active
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: OC26216438
  • Updated: Today (10/7/2026)
  • Added to Site: Today

Interior

  • Rooms/Areas: Primary Bedroom, Laundry, All Bedrooms Up, Living Room, Primary Suite, Primary Bathroom
  • Interior Features: Balcony, Laminate Counters, Unfurnished, Attic Fan, Living Room Balcony, Ceiling Fan(s), 2 Staircases
  • Fireplace(s): None
  • Eating Areas: Breakfast Counter/Bar, Dining Room, Breakfast Nook
  • Appliances: Electric Oven, Electric Cooktop, Icemaker, Instant Hot Water, Freezer, Electric Range, Disposal, Dishwasher, Microwave
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Inside, In Kitchen, Upper Level, Washer Included, Dryer Included

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

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

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Garage, Driveway Up Slope From Street, Combination Driveway, Public, Garage (Direct Access), Garage Faces Front, Driveway, Private, Garage (Two Doors), Oversized

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
  • High School: CODEMA

Community

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

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: Stucco, Asphalt, Drywall Walls
  • Foundation: Raised, Slab
  • Roof: Composition, Flat, Asphalt
  • Common Walls: No Common Walls
  • Windows: Blinds
  • Disability Access: Wide Halls (36 Inches or More), No Interior Steps, Parking
  • Entry Location: 2
  • 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

Unit Information

  • Units in Complex: 3

Lot Features

  • Property View: Ocean, Bay, City Lights, Park/Greenbelt, Harbor, Water
  • Lot Size (Acres): 0.0813
  • Lot Size (Sq. Ft.): 3,540
  • Lot Size Source: Assessor
  • Lot Dimensions: 30 x 118
  • Irrigation System: Sprinkler System
  • Lot Description: Rectangular Lot, Sprinklers Timer, 2-5 Units/Acre, Tear-Down, Front Yard, Greenbelt, Lawn, Value In Land
  • Fencing (Description): Block, Privacy

Financial Considerations

  • Price Per Sq. Ft.: $2,156.08

Disclosures and Reports

  • Special Conditions: Standard
  • Inclusions: NEGOTIOABLE

Listed by Luxe Real Estate, Antoine Raffouly and Luxe Real Estate, Paul Daftarian

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Listing agents

— 2516 Bayside Dr —

  • Antoine Raffouly

    Luxe Real Estate

  • Paul Daftarian

    Luxe Real Estate

818-851-8501

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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 ATTOM Data Solutions 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
10/05/2026
Listed
$5,498,000
123.5%
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%
$2,662,782
2%
2024
$27,482
—
$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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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Luxe Real Estate, Antoine Raffouly and Luxe Real Estate, Paul Daftarian

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2516 Bayside Dr, Newport Beach, CA 92625 (MLS# OC26216438) is a Single Family property with 5 bedrooms and 5 full bathrooms. 2516 Bayside Dr is currently listed for $5,498,000 and was received on October 07, 2026. Want to learn more about 2516 Bayside Dr? Do you have questions about finding other Single Family real estate for sale in Newport Beach? You can browse all Newport Beach real estate or contact a Coldwell Banker agent to request more information.

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