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Off market
  • $7,223,500

    2 Drakes Bay Dr, Corona Del Mar, CA 92625

    5beds
    4baths
    4,085sqft
    SingleFamily
    Built in 1976
    0.88 Acres Lot
    $7,223,500 Zestimate®
    $1,768/sqft
    $20,916 Estimated rent

    Home value

    $7,223,500

    $6.36M - $8.23M

    $20,916/mo

    Zestimate® history
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    $45,408/mo

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    What's special

    Incredible Views, Privacy, Huge Lot. This elegant turn key residence is situated on a grand 38,000 SF lot, bordering the South point of Spyglass Hill, the home captures astounding unobstructed panoramic views of the Pacific Ocean, Catalina, the jetty, Newport Pier, the beaches, Newport Harbor, and ALL of Newport Coast. Spyglass Hill represents a unique combination of the urban life style due to the central location and proximity to all desired destinations. The home has undergone complete remodel and expansion in 2008. Plus, additional kitchen remodel in 2015. The back yard is extra generous, and hosts a very big pool along with a barbecue island and plenty of room for entertaining. The formal living room overlooks a luscious garden in the front of the house and the Coastal Panorama on the other side. An extra large bonus room upstairs is surrounded by three bedrooms, and serves as a game room, theater, or just a great place for a family to be together. Huge master suite is upstairs, featuring a large master bathroom and large closets. There is also a downstairs bedroom. Totally the home features 5 bedrooms, 5 bathrooms, and a loft/media room upstairs. The best award winning schools are available to the residents. The grand, 30'x80', gated motor court is fit to host all the automobiles in your possession! Easy access to the freeways and close proximity to John Wayne airport. Tenant responsible for utilities payments. Landlord pays for pool service, darde I got, HOA fees. Pets- additional deposit required.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4.5
    Heating
    • Forced air, Gas
    Cooling
    • Other
    Appliances
    • Included: Dishwasher, Dryer, Washer
    • Laundry: In Unit
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 4,085 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage - Detached
    Features
    • Exterior features: Stucco
    • Has view: Yes
    • View description: Territorial, City
    Lot
    • Size: 0.88 Acres
    Details
    • Parcel number: 46103218

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Composition
    Condition
    • Year built: 1976

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $133 monthly
    Location
    • Region: Corona Del Mar

    Financial & listing details

    • Price per square foot: $1,768/sqft
    • Tax assessed value: $3,876,934

    Price history

    DateEventPrice
    3/20/2026Listing removed$15,500$4/sqft
    Source: CRMLS #OC25058947 Report a problem
    11/4/2025Price change$15,500-6.1%$4/sqft
    Source: CRMLS #OC25058947 Report a problem
    5/6/2025Price change$16,500-6.3%$4/sqft
    Source: CRMLS #OC25058947 Report a problem
    3/18/2025Listed for rent$17,600+3.5%$4/sqft
    Source: CRMLS #OC25058947 Report a problem
    6/25/2024Listing removed--
    Source: CRMLS #OC24086369 Report a problem
    6/2/2024Price change$17,000-2.9%$4/sqft
    Source: CRMLS #OC24086369 Report a problem
    4/30/2024Listed for rent$17,500+16.7%$4/sqft
    Source: CRMLS #OC24086369 Report a problem
    2/6/2023Listing removed--
    Source: Zillow Rentals Report a problem
    12/19/2022Price change$15,000-24.6%$4/sqft
    Source: Zillow Rentals Report a problem
    9/20/2022Listed for rent$19,900+59.2%$5/sqft
    Source: Zillow Rental Manager Report a problem
    9/27/2017Listing removed$12,500$3/sqft
    Source: Coldwell Banker Res. Brokerage #OC17010003 Report a problem
    9/23/2017Sold$12,500-99.6%$3/sqft
    Source: CRMLS #OC17010003 Report a problem
    1/17/2017Listed for rent$12,500$3/sqft
    Source: Coldwell Banker Residential Brokerage - Newport Beach #OC17010003 Report a problem
    1/12/2017Sold$3,275,000-3.7%$802/sqft
    Source: Public Record Report a problem
    9/17/2016Pending sale$3,399,950$832/sqft
    Source: Surterre Properties Inc. #NP16075980 Report a problem
    8/16/2016Listed for sale$3,399,950$832/sqft
    Source: Surterre Properties Inc. #NP16075980 Report a problem
    7/14/2016Pending sale$3,399,950$832/sqft
    Source: Surterre Properties Inc. #NP16075980 Report a problem
    6/22/2016Price change$3,399,950-2%$832/sqft
    Source: Surterre Properties Inc. #NP16075980 Report a problem
    6/8/2016Price change$3,470,000-0.7%$849/sqft
    Source: Surterre Properties Inc. #NP16075980 Report a problem
    5/16/2016Listed for sale$3,495,000$856/sqft
    Source: Surterre Properties Inc. #NP16075980 Report a problem
    5/6/2016Pending sale$3,495,000$856/sqft
    Source: Surterre Properties Inc. #NP16075980 Report a problem
    4/13/2016Listed for sale$3,495,000+4.5%$856/sqft
    Source: Surterre Properties Inc. #NP16075980 Report a problem
    10/4/2015Listing removed$3,345,000$819/sqft
    Source: Surterre Properties #LG15169257 Report a problem
    9/10/2015Price change$3,345,000-1.5%$819/sqft
    Source: Surterre Properties #LG15169257 Report a problem
    8/27/2015Price change$3,395,000-0.9%$831/sqft
    Source: Surterre Properties #LG15169257 Report a problem
    8/18/2015Listed for sale$3,425,000+317.7%$838/sqft
    Source: Surterre Properties #LG15169257 Report a problem
    10/4/1996Sold$820,000$201/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $3,876,934 +2%
    2025$40,228 +1.6%$3,800,916 +2%
    2024$39,602 +2.4%$3,726,389 +2%
    2023$38,678 +1.7%$3,653,323 +2%
    2022$38,040 +2%$3,581,690 +2%
    2021$37,309 +1%$3,511,461 +1%
    2020$36,952 $3,475,456 +2%
    2019$36,952 +2.1%$3,407,310 +2%
    2018$36,182 +167.1%$3,340,500 +165%
    2017$13,548 $1,260,476 +2%
    2016$13,548 +2.3%$1,235,761 +1.5%
    2015$13,244 +3.4%$1,217,199 +2%
    2014$12,807 $1,193,356 +0.5%
    2013-- $1,187,963 +2%
    2012-- $1,164,670 +2%
    2011-- $1,141,834 +0.8%
    2010-- $1,133,301 -0.2%
    2009-- $1,135,994 +5%
    2008-- $1,081,785 +8.5%
    2007-- $996,827 +2%
    2006-- $977,282 +2%
    2005-- $958,120 +2%
    2004-- $939,334 +1.9%
    2003-- $922,119 +2%
    2002-- $904,039 +2%
    2001$9,015 +2.6%$886,313 +2%
    2000$8,787 $868,935
    Find assessor info on the county website

    Neighborhood: Corona del Mar

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Lincoln
    • Middle: CDM
    • High: Corona Del Mar
    • District: Newport Mesa Unified

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $7,223,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $7,223,500