Skip main navigation
Sold for $16,500,000
Street View
  • Listed by: Luxe Real Estate • Paul Daftarian • Contact: 949-484-0387
    Bought with: Luxe Real Estate
    $16,500,000

    2889 Way Ln, Corona Del Mar, CA 92625

    4beds
    4,642sqft
    Single Family Residence
    Built in 1972
    5,588 Square Feet Lot
    $17,656,000 Zestimate®
    $3,555/sqft
    $52,732 Estimated rent

    Home value

    $17,656,000

    $15.71M - $20.13M

    $52,732/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $52,732/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $52,732/mo

    Rent Zestimate®

    Refinance and save

    $104,322/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $104,322/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Showcased on a trophy bluff-top dream lot in one of the most exclusive coves in the world, China Cove, suspended above water, 2889 Way Ln is arguably the most treasured & distinguishable custom home to be prominently positioned within the iconic mouth of the Newport Beach Jetty. After a rigorous 6 year process, completed in 2022, this irreplaceable waterfront achievement embodies masterful craftsmanship, divine modern architecture, set against unparalleled views of the Pacific Ocean’s sparkling waters, Catalina Island’s rolling cliff-sides, captivating boat activity flowing in & out of the harbor, marine life, & picturesque sunsets year-round. The newly redesigned turnkey residence showcases bright & open-concept living spaces, entertainment-ready outdoor space, & countless thoughtful design features. A beautiful symphony of soft contemporary design & effortless flow create a truly unique experience of space; beginning with a welcoming foyer and oversized great room, dining room with vaulted ceilings, offering awe-inspiring unobstructed sunrise to sunset panoramas from nearly every perspective. Impeccable craftsmanship is on display in the chefs kitchen, lined with sleek custom cabinetry, pro-series appliances, a marvelous 16’ seven person waterfall island, & stone countertops throughout. Spanning ~4,642 SF, the residence intertwines the indoor and outdoor spaces through the use of oversized glass windows & Fleetwood sliding doors, which open to multiple wraparound balconies offering sweeping ocean views & brilliant coastline frames, as well as a central courtyard with outdoor fireplace, BBQ, & various seating options. The lower level space is the perfect setting to host with walk-in bar, ocean front balcony, & dedicated powder room. The residence is highlighted by 4 beds & 1 functioning as home office + 5 baths. Ascend to a supremely private primary suit that spans the entirety of the upper level & opens up to a viewing balcony above the courtyard. Unwind by the fireplace, immerse yourself in the soothing sound of waves crashing below, indulge in the spa like bath outfitted with designer stonework, free standing soaking tub, rain shower, dual vanities, & generously appointed walk in closet. Additional home features include a 3 car garage plus driveway space for an additional 3 cars, smart home automation, & security. This legacy estate is just steps away form China Cove beach, Pirates Cove, Main beach, CdM Village, award-winning schools, & entertainment.

    Zillow last checked:

    Listing updated:

    Listed by:

    Paul Daftarian DRE #01317949 714-865-5969,

    Luxe Real Estate,

    Obeid Habibi DRE #01976307 949-630-7385,

    Luxe Real Estate

    Bought with:

    Paul Daftarian, DRE #01317949

    Luxe Real Estate

    Obeid Habibi, DRE #01976307

    Luxe Real Estate

    Source: CRMLS,MLS#: OC23032274MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 3
    • 1/2 bathrooms: 2
    • Main level bathrooms: 3
    • Main level bedrooms: 3
    Rooms
    • Room types: Bedroom, Entry/Foyer, Family Room, Great Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Other
    Primary bedroom
    • Features: Primary Suite
    Bedroom
    • Features: Bedroom on Main Level
    Bathroom
    • Features: Bathtub, Dual Sinks
    Kitchen
    • Features: Kitchen Island, Kitchen/Family Room Combo, Stone Counters, Updated Kitchen
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: 6 Burner Stove, Dishwasher, Freezer, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
    • Laundry: Inside, Laundry Room
    Features
    • Built-in Features, Balcony, Breakfast Area, Cathedral Ceiling(s), Eat-in Kitchen, High Ceilings, Open Floorplan, Stone Counters, Recessed Lighting, Storage, Smart Home, Bar, Wired for Sound, Bedroom on Main Level, Primary Suite, Walk-In Closet(s)
    • Flooring: Laminate, Stone
    • Has fireplace: Yes
    • Fireplace features: Living Room, Primary Bedroom, Outside
    • Common walls with other units/homes: End Unit,No Common Walls
    Interior area
    • Total interior livable area: 4,642 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Direct Access, Driveway, Garage
    • Attached garage spaces: 3
    Features
    • Levels: Multi/Split
    • Exterior features: Barbecue, Lighting
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Bay, Catalina, City Lights, Coastline, Harbor, Ocean, Panoramic, Water
    • Has water view: Yes
    • Water view: Bay,Coastline,Harbor,Ocean,Water
    • Waterfront features: Beach Access, Beach Front, Ocean Access, Ocean Front
    Lot
    • Size: 5,588 Square Feet
    • Features: 0-1 Unit/Acre, Bluff, Corner Lot, Landscaped
    Details
    • Parcel number: 05205030
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Custom,Modern
    • Property subtype: Single Family Residence
    Condition
    • Updated/Remodeled,Turnkey
    • New construction: No
    • Year built: 1972

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Curbs, Fishing, Hiking, Park, Water Sports
    • Subdivision: Corona Del Mar South Of Pch (Cdms)
    Location
    • Region: Corona Del Mar

    Financial & listing details

    • Price per square foot: $3,555/sqft
    • Tax assessed value: $13,334,772
    • Annual tax amount: $140,118
    • Date on market: 2/28/2023
    • Cumulative days on market: 200 days
    • Listing terms: Cash,Cash to New Loan

    Price history

    DateEventPrice
    5/6/2026Listing removed$18,500,000+12.1%$3,985/sqft
    Source: bridgeMLS/CCAR/Bay East AOR #CROC23032274 Report a problem
    6/12/2025Listing removed$115,000$25/sqft
    Source: CRMLS #OC23221189 Report a problem
    1/30/2024Listed for rent$115,000+76.9%$25/sqft
    Source: CRMLS #OC23221189 Report a problem
    11/1/2023Sold$16,500,000-10.8%$3,555/sqft
    Source: CRMLS #OC23032274 Report a problem
    10/3/2023Pending sale$18,500,000$3,985/sqft
    Source: CRMLS #OC23032274 Report a problem
    9/12/2023Contingent$18,500,000$3,985/sqft
    Source: CRMLS #OC23032274 Report a problem
    7/24/2023Price change$18,500,000-7.5%$3,985/sqft
    Source: CRMLS #OC23032274 Report a problem
    5/2/2023Price change$19,995,000-13.1%$4,307/sqft
    Source: CRMLS #OC23032274 Report a problem
    3/1/2023Listed for sale$22,998,000+889.2%$4,954/sqft
    Source: CRMLS #OC23032274 Report a problem
    2/2/2023Listing removed--
    Source: Zillow Rentals Report a problem
    12/20/2022Price change$65,000-13.3%$14/sqft
    Source: Zillow Rentals Report a problem
    10/21/2022Listed for rent$75,000$16/sqft
    Source: Zillow Rental Manager Report a problem
    10/14/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    10/5/2022Price change$75,000-21.1%$16/sqft
    Source: Zillow Rental Manager Report a problem
    8/9/2022Listed for rent$95,000$20/sqft
    Source: Zillow Rental Manager Report a problem
    5/8/1998Sold$2,325,000$501/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$140,118 -19.5%$13,334,772 -19.2%
    2024$174,006 +197.5%$16,500,000 +236.8%
    2023$58,490 +25.7%$4,898,962 +11.6%
    2022$46,540 +28.7%$4,389,918 +29%
    2021$36,156 +12.8%$3,401,834 +13%
    2020$32,061 $3,010,970 -9.5%
    2019$32,061 -9.3%$3,328,056 +2%
    2018$35,349 +3.9%$3,262,800 +2%
    2017$34,029 $3,198,824 +2%
    2016$34,029 +2.5%$3,136,102 +1.5%
    2015$33,189 +3.4%$3,088,995 +2%
    2014$32,100 $3,028,486 +0.5%
    2013-- $3,014,799 +2%
    2012-- $2,955,686 +2%
    2011-- $2,897,732 +0.8%
    2010-- $2,876,076 -0.2%
    2009-- $2,882,909 +2%
    2008-- $2,826,382 +2%
    2007-- $2,770,963 +2%
    2006-- $2,716,631 +2%
    2005-- $2,663,364 +2%
    2004-- $2,611,142 +1.9%
    2003-- $2,563,286 +2%
    2002-- $2,513,026 +2%
    2001$25,091 +2.6%$2,463,751 +2%
    2000$24,459 $2,415,443
    Find assessor info on the county website

    Neighborhood: Corona del Mar

    Nearby schools

    GreatSchools rating
    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
    $17,656,000
    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
    $17,656,000