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525 El Paseo DriveCorona Del Mar, CA 92625

For Sale

$9,950,000

Smart Buyer Rebate $99,500

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.

Listed by Rob Smith

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License #01113111

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Compass

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949-697-8855

Last updated April 30, 2026

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Source: CRMLS #NP26088576

Listing Facts

  • TypeSingle-family
  • NeighborhoodIrvine Terrace
  • Bedrooms5
  • Bathrooms3
  • Days on Prevu2
  • HOA/Maint. Fees$575/month
  • Size3,166 sqft
  • Price per sqft$3,143

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

04/28/2026
Listed by Compass
$9,950,000

Property Details for 525 El Paseo Drive

Association

Amenities

  • Association Amenities: Sport Court, Picnic Area, Playground, Tennis Court(s)
  • Community Features: Curbs, Gutter(s), Park, Storm Drain(s), Street Lights, Suburban, Sidewalks

Fees

  • Association Fee: $575.00 Annually

General

  • Association Name: Irvine Terrace Community Association

Exterior

Construction

  • Number Of Units Total: 1
  • Property Condition: Building Permit
  • Stories: 1
  • Stories Total: 1
  • Structure Type: House
  • Year Built: 1961
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 1

Features

  • Road Frontage Type: City Street
  • View: Bay, Catalina, City Lights, Harbor, Neighborhood, Ocean, Water

Measurements

  • Lot Features: Bluff, Corner Lot, Irregular Lot, Sloped Up, Tear Down, Value In Land
  • Lot Size Acres: 0.81
  • Lot Size Area: 35,700
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 35,700
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 05029127

Interior

Features

  • Interior Features: All Bedrooms Down

Measurements

  • Living Area: 3,166
  • Living Area Source: Assessor
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 5

Other

Location

  • Subdivision Name: Irvine Terrace (IRVT)
  • Tax Lot: 94

Parking

Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: On Site, On Street
  • Parking Total: 2

Schools

Elementary School

  • Elementary School: Harbor View

High School

  • High School: Corona Del Mar
  • High School District: Newport Mesa Unified

Middle or Junior School

  • Middle Or Junior School: Corona Del Mar

Utilities

Equipment

  • Sewer: Public Sewer
  • Utilities: Cable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 5 bedrooms and 3 bathrooms in this single-family home at 525 El Paseo Drive.

What schools are nearby to 525 El Paseo Drive?

Nearby schools include the Harbor View Elementary School, Corona Del Mar Middle School, and Corona Del Mar High School.

Does this single-family home have parking?

Yes, there are 2 parking spaces available for 525 El Paseo Drive.

How does 525 El Paseo Drive compare to other single-family homes in Irvine Terrace?

This single-family home is listed 31% below the average price for single-family homes in Irvine Terrace and has been on the market for 93 less days than the typical home in this area.

What building or home owners association is the single-family home part of?

This single-family home is part of the Irvine Terrace Community Association home owners association.

What is the square footage on this single-family home?

According to the MLS, this listing is 3,166 sqft.

525 El Paseo Drive is a 5-bedroom, 3-bath single-family home for sale in Corona Del Mar CA 92625. Available on Prevu for 2 days at $9,950,000. This residence features 3,166 square feet of living space, located in Irvine Terrace. The median listing price for single-family homes in this area is $10,600,000. Nearby schools include Harbor View Elementary School, Corona Del Mar Middle School, and Corona Del Mar High School. The home offers parking. Browse more single-family home listings in Orange County.

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.