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38 Drakes Bay DriveCorona Del Mar, CA 92625

For Sale

$6,997,000

Smart Buyer Rebate $69,970

Nestled in the highly coveted Spyglass Hill community, this exceptional property presents a rare opportunity to own a newly crafted, thoughtfully designed home that seamlessly blends modern elegance with unparalleled convenience. With five spacious bedrooms and four-and-a-half bathrooms, this residence offers a luxurious lifestyle that caters to both everyday comfort and high-end entertaining. Upon entering through the custom front gate, you’re welcomed into a sophisticated home where no detail has been overlooked. The main level features two expansive living rooms with backlit wine storage, a wet bar, and La Cantina doors that open to a stunning backyard oasis. The chef-inspired kitchen is equipped with top-of-the-line appliances, while the formal dining area offers the perfect setting for elegant meals. A downstairs en suite bedroom with a private patio completes the lower level. Upstairs, the primary suite is a true retreat, featuring a spacious, beautifully appointed bathroom, a large walk-in closet complete with a center island for additional storage, and a private patio that overlooks the serene surroundings. Three additional bedrooms and two bathrooms, along with a large laundry room and ample storage, complete the second floor. Throughout the home, contemporary finishes, high-end wallpapering, and Restoration Hardware lighting elevate the design, creating a refined and inviting atmosphere. This home is fully equipped with Control4 smart home technology, giving you seamless control over A/V systems, motorized shades, lighting, temperature settings, pool controls, and a state-of-the-art security system. The oversized three-car garage offers custom cabinetry, epoxy flooring, and an EV charger, while solar panels ensure energy efficiency throughout the home. The backyard is an entertainer’s dream, featuring an outdoor kitchen, two fire pits and a saltwater pool and spa is framed by breathtaking panoramic city light views. The outdoor living area is designed for year-round comfort with motorized rain-sensing pergolas and infratech heating, allowing you to enjoy the space in all seasons—whether hosting guests or enjoying quiet relaxation. Conveniently located near the vibrant Corona del Mar Village, this home is just moments from world-class shopping, fine dining, and pristine beaches. With unmatched quality, state-of-the-art features, and an unbeatable location, this Spyglass Hill residence offers the perfect blend of luxury, comfort, and convenience.

Listed by Patrick Leeke

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License #02128471

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Coldwell Banker Realty

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949-375-3764

Last updated January 28, 2025

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Source: CRMLS #NP24244618

Listing Facts

  • TypeSingle-family
  • NeighborhoodSpyglass Hill
  • Bedrooms5
  • Bathrooms4.5
  • Days on Prevu277
  • HOA/Maint. Fees$685/month
  • Size3,917 sqft
  • Price per sqft$1,786

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Air Conditioning
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

01/13/2025
Status changed to Active
$6,997,000
01/12/2025
Status changed to Removed from Feed
$6,997,000
12/05/2024
Listed by Coldwell Banker Realty
$6,997,000

Property Details for 38 Drakes Bay Drive

Association

Amenities

  • Association Amenities: Picnic Area, Playground
  • Community Features: Biking, Curbs, Gutter(s), Hiking, Street Lights, Sidewalks, Park

Fees

  • Association Fee: $685.00 Quarterly

General

  • Association Name: Spyglass Hill Association

Exterior

Construction

  • New Construction: Yes
  • Number Of Units Total: 1
  • Property Condition: Turnkey
  • Roof: Copper
  • Stories: 2
  • Stories Total: 2
  • Structure Type: House
  • Window Features: Blinds, Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Screens
  • Year Built: 2024
  • Architectural Style: Contemporary, Custom
  • Common Walls: No Common Walls
  • Construction Materials: Copper Plumbing
  • Entry Level: 1
  • Entry Location: 1/Ground
  • Exterior Features: Barbecue, Rain Gutters, Fire Pit

Features

  • Fencing: Excellent Condition, Privacy, Security, Stucco Wall
  • Patio And Porch Features: Concrete, Covered, Deck, Front Porch, Open, Patio, Stone
  • Pool Features: Fenced, Heated, In Ground, Permits, Private, Salt Water
  • Pool Private: Yes
  • View: City Lights, Hills, Reservoir

Measurements

  • Lot Features: 0-1 Unit/Acre, Back Yard, Drip Irrigation/Bubblers, Front Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Near Park, Sprinklers Timer, Sprinkler System, Street Level
  • Lot Size Acres: 0.28
  • Lot Size Area: 12,403
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 12,403
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 46105110

Interior

Features

  • Appliances: Barbecue, Double Oven, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Freezer, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Water Heater, Dryer, Washer
  • Fireplace Features: Den, Family Room, Gas, Primary Bedroom
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Features: Wet Bar, Breakfast Bar, Built-in Features, Balcony, Breakfast Area, Separate/Formal Dining Room, Intercom, Open Floorplan, Pantry, Pull Down Attic Stairs, Recessed Lighting, Smart Home, Sunken Living Room, Bar, All Bedrooms Up, Bedroom On Main Level, Primary Suite, Walk-In Closet(s)
  • Spa Features: Heated, In Ground, Permits, Private
  • Spa: Yes

Measurements

  • Living Area: 3,917
  • Living Area Source: Plans
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 4
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 5
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1

Other

Environmental

  • Green Energy Efficient: Construction,Doors,HVAC,Insulation,Lighting,Thermostat,Windows,Appliances,Water Heater

Location

  • Subdivision Name: Spyglass Hill (SPYH)
  • Tax Lot: 7386

Parking

Parking

  • Attached Garage: Yes
  • Garage Spaces: 3
  • Garage: Yes
  • Open Parking Spaces: 3
  • Parking Features: Door-Multi, Direct Access, Door-Single, Driveway, Electric Vehicle Charging Station(s), Garage Faces Front, Garage, Garage Door Opener, Public, Private, On Street, Storage
  • Parking Total: 6

Schools

High School

  • High School District: Newport Mesa Unified

Utilities

Equipment

  • Cooling: Central Air, Dual, ENERGY STAR Qualified Equipment, High Efficiency, Zoned, Attic Fan
  • Has Cooling: Yes
  • Electric: 220 Volts In Garage
  • Heating: Central, ENERGY STAR Qualified Equipment, Forced Air
  • Has Heating: Yes
  • Laundry Features: Laundry Room, Upper Level
  • Other Equipment: Intercom
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.