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Sold for $6,800,000
    • Listed by: Luxe Real Estate • Paul Daftarian • Contact: 949-484-0387
    Bought with: Compass
    $6,800,000

    38 Drakes Bay Dr, Corona Del Mar, CA 92625

    5beds
    3,917sqft
    Single Family Residence
    Built in 2024
    0.28 Acres Lot
    $8,129,300 Zestimate®
    $1,736/sqft
    $13,497 Estimated rent

    Home value

    $8,129,300

    $7.24M - $9.19M

    $13,497/mo

    Zestimate® history
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    What's special

    Saltwater pool and spaFlawless craftsmanshipCozy fireplaceWine wallMeticulously manicured landscapingMain-floor en-suite bedroomSpa-like bath
    Perched in prestigious Spyglass Hill, 38 Drakes Bay Dr is a masterclass in design, craftsmanship, and modern luxury. Framed by breathtaking panoramic views of city lights and snow-capped mountains, this newly rebuilt home delivers an unparalleled living experience, where architecture, functionality, and innovation converge in perfect harmony. Designed with no expense spared, the home was thoughtfully overbuilt as a forever retreat. The result is a resort-style sanctuary, offering seamless indoor-outdoor flow, impeccable fit & finish, & smart home tech. Upon entry, expansive walls of glass and oversized windows bathe the home in natural light, highlighting a timeless material palette and flawless craftsmanship. The family room flows into the chef’s kitchen, featuring bar seating, top-tier appliances, and a breakfast nook that extends to both the dining room and outdoor dining with fire-lit lounges. The dedicated dining room opens to an outdoor lounge and kitchen, perfect for hosting year-round with motorized rain-sensing pergolas and Infratech heating. The formal living/entertainment room is a showpiece, featuring a wine wall, wet bar, and La Cantina pocketing doors that erase the boundary between indoor and resort-caliber outdoor living. A generous outdoor oasis wraps the rear of the property, designed for daily relaxation and large-scale entertaining. The saltwater pool and spa, multiple covered dining and lounge areas, outdoor kitchen, and fire features set against spectacular views create the ultimate retreat. Meticulously manicured landscaping and lighting complete the space and bring the home to life. A main-floor en-suite bedroom with a private Zen patio offers flexibility as a guest retreat or home office. Upstairs, the primary suite is an experience unto itself, featuring a cozy fireplace, spa-like bath with floating tub, walk-in shower, dual vanities, and makeup station. An oversized walk-in closet with island and a panoramic view balcony make this retreat truly exceptional. A junior primary/in-law suite, two secondary bedrooms, and a dedicated laundry room complete the upper level. Equipped with Control4 smart home automation, an oversized three-car garage with EV charger, and solar panels, the home is both intelligent and efficient. Moments from the CdM Village, world-class resorts, shopping, dining, and beaches, 38 Drakes Bay Dr offers an unmatched blend of lifestyle, luxury, and breathtaking beauty—all at incredible value.

    Zillow last checked:

    Listing updated:

    Listed by:

    Paul Daftarian DRE #01317949 949-484-0387,

    Luxe Real Estate,

    Obeid Habibi DRE #01976307 949-630-7385,

    Luxe Real Estate

    Bought with:

    Grace Gui, DRE #02052024

    Compass

    Source: CRMLS,MLS#: OC25021168MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 1
    Rooms
    • Room types: Bedroom, Entry/Foyer, Family Room, Kitchen, Laundry, Living Room, Primary Bedroom, Office, Other, Dining Room
    Primary bedroom
    • Features: Primary Suite
    Bedroom
    • Features: Bedroom on Main Level
    Bathroom
    • Features: Bidet, Bathroom Exhaust Fan, Bathtub, Dual Sinks, Enclosed Toilet, Full Bath on Main Level, Stone Counters, Soaking Tub, Separate Shower, Upgraded
    Kitchen
    • Features: Kitchen Island, Kitchen/Family Room Combo, Pots & Pan Drawers, Stone Counters, Self-closing Cabinet Doors, Self-closing Drawers, Utility Sink
    Other
    • Features: Walk-In Closet(s)
    Heating
    • Central, ENERGY STAR Qualified Equipment, Forced Air
    Cooling
    • Central Air, Dual, ENERGY STAR Qualified Equipment, High Efficiency, Zoned
    Appliances
    • Included: Built-In Range, Barbecue, Double Oven, Dishwasher, ENERGY STAR Qualified Appliances, Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Water Heater, Dryer, Washer
    • Laundry: Laundry Room, Upper Level
    Features
    • Wet Bar, Breakfast Bar, Built-in Features, Balcony, Breakfast Area, Separate/Formal Dining Room, Eat-in Kitchen, High Ceilings, Open Floorplan, Pull Down Attic Stairs, Stone Counters, Recessed Lighting, Smart Home, Bar, Bedroom on Main Level, Primary Suite, Walk-In Closet(s)
    • Flooring: Wood
    • Doors: ENERGY STAR Qualified Doors, Sliding Doors
    • Windows: Blinds, Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Screens
    • Has fireplace: Yes
    • Fireplace features: Den, Family Room, Gas, Primary Bedroom, Outside
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 3,917 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Door-Multi, Direct Access, Driveway, Garage Faces Front, Garage, Public, On Street
    • Attached garage spaces: 3
    • Uncovered spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Patio & porch: Concrete, Covered, Deck, Front Porch, Open, Patio, Stone
    • Exterior features: Barbecue, Lighting, Fire Pit
    • Has private pool: Yes
    • Pool features: Heated, In Ground, Private, Salt Water
    • Has spa: Yes
    • Spa features: Heated, In Ground, Private
    • Fencing: Excellent Condition,Privacy,Security,Stucco Wall
    • Has view: Yes
    • View description: City Lights, Hills, Mountain(s), Neighborhood
    Lot
    • Size: 0.28 Acres
    • Features: 0-1 Unit/Acre, Back Yard, Drip Irrigation/Bubblers, Front Yard, Landscaped, Near Park, Rectangular Lot, Sprinkler System, Street Level, Value In Land, Walkstreet, Yard
    Details
    • Parcel number: 46105110
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary,Custom
    • Property subtype: Single Family Residence
    Materials
    • Copper Plumbing
    • Foundation: Slab
    • Roof: Copper
    Condition
    • Updated/Remodeled,Turnkey
    • New construction: No
    • Year built: 2024

    Utilities & green energy

    • Electric: 220 Volts in Garage
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
    Green energy
    • Energy efficient items: Construction, Doors, HVAC, Insulation, Lighting, Thermostat, Water Heater, Windows, Appliances

    Community & HOA

    Community
    • Features: Biking, Curbs, Gutter(s), Hiking, Street Lights, Suburban, Sidewalks, Park
    • Security: Security System, Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Detection System, 24 Hour Security, Smoke Detector(s), Security Lights
    • Subdivision: Spyglass Hill (Spyh)
    HOA
    • Has HOA: Yes
    • Amenities included: Picnic Area, Playground
    • HOA fee: $685 quarterly
    • HOA name: Spyglass Hill Association
    • HOA phone: 714-634-0611
    Location
    • Region: Corona Del Mar

    Financial & listing details

    • Price per square foot: $1,736/sqft
    • Tax assessed value: $6,936,000
    • Date on market: 2/18/2025
    • Cumulative days on market: 16 days
    • Listing terms: Cash,Cash to New Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/28/2025Sold$6,800,000-2.8%$1,736/sqft
    Source: CRMLS #OC25021168 Report a problem
    4/9/2025Pending sale$6,998,000$1,787/sqft
    Source: CRMLS #OC25021168 Report a problem
    3/10/2025Contingent$6,998,000$1,787/sqft
    Source: CRMLS #OC25021168 Report a problem
    2/20/2025Price change$6,998,000+0%$1,787/sqft
    Source: CRMLS #OC25021168 Report a problem
    12/5/2024Listed for sale$6,997,000+221.7%$1,786/sqft
    Source: CRMLS #NP24244618 Report a problem
    7/27/2017Sold$2,175,000-5%$555/sqft
    Source: Public Record Report a problem
    5/20/2017Pending sale$2,290,000$585/sqft
    Source: RK Estate #PW17069555 Report a problem
    5/20/2017Listed for sale$2,290,000+21.2%$585/sqft
    Source: RK Estate #PW17069555 Report a problem
    3/3/2015Listing removed$1,890,000$483/sqft
    Source: RK Estate #PW15033588 Report a problem
    2/18/2015Listed for sale$1,890,000$483/sqft
    Source: RK Estate #PW15033588 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $6,936,000 +137.8%
    2025$30,278 +20%$2,916,456 +20.2%
    2024$25,234 +2.4%$2,426,252 +2%
    2023$24,638 +1.9%$2,378,679 +2%
    2022$24,173 +2%$2,332,039 +2%
    2021$23,706 +1%$2,286,313 +1%
    2020$23,465 $2,262,870 +2%
    2019$23,465 +2%$2,218,500 +2%
    2018$22,996 +563.1%$2,175,000 +612.8%
    2017$3,468 $305,134 +2%
    2016$3,468 +2.2%$299,151 +1.5%
    2015$3,394 +5.6%$294,658 +2%
    2014$3,213 $288,887 +0.5%
    2013-- $287,582 +2%
    2012-- $281,944 +2%
    2011-- $276,416 +0.8%
    2010-- $274,351 -0.2%
    2009-- $275,004 +2%
    2008-- $269,612 +2%
    2007-- $264,326 +2%
    2006-- $259,144 +2%
    2005-- $254,063 +2%
    2004-- $249,082 +1.9%
    2003-- $244,517 +2%
    2002-- $239,723 +2%
    2001$2,407 +2.6%$235,023 +2%
    2000$2,345 $230,415
    Find assessor info on the county website

    Neighborhood: Corona del Mar

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    Estimated market value
    $8,129,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $8,129,300

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