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 Contemporary 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 with some modern elements, while still maintaining warmth and texture throughout. By maximizing views and indoor-outdoor connections, this property will take on the best aspects of 5-Star resort. At nearly 11,000 sf of living space, the Main Residence offers up to 7 Bedrooms, 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 are can sometimes be an afterthought in the planning process, that is certainly not the case at this residence, with garaging for 5 vehicles and additional off-street parking for several more vehicles in the Gated Motor Court. 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.
Lot/land
Listed by: Compass • Rob Smith • Contact: 949-697-8855
$9,950,000
525 El Paseo Dr Lot 94, Corona Del Mar, CA 92625
--beds
--baths
0.82Acres
Unimproved Land
Built in ----
0.82 Acres Lot
$-- Zestimate®
$--/sqft
$48/mo HOA
What's special
- 126 days
- 304
- 12
Zillow last checked:
Listing updated:
Listed by:
Rob Smith DRE #01113111 949-697-8855,
Compass
Source: CRMLS,MLS#: NP26092209
Originating MLS: California Regional MLS
Facts & features
Property
Features
- Has view: Yes
- View description: Bay, Catalina, City Lights, Harbor, Neighborhood, Ocean, Water
- Has water view: Yes
- Water view: Bay,Harbor,Ocean,Water
Lot
- Size: 0.82 Acres
- Features: Bluff, Corner Lot, Irregular Lot, Sloped Up, Tear Down, Value In Land
Details
- Parcel number: 05029127
- Zoning: R-1
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Gutter(s), Park, Storm Drain(s), Street Lights, Suburban, Sidewalks
- Subdivision: Irvine Terrace (Irvt)
HOA
- Has HOA: Yes
- HOA fee: $575 annually
- HOA name: Irvine Terrace Community Association
- HOA phone: 800-428-5588
Location
- Region: Corona Del Mar
Financial & listing details
- Date on market: 4/28/2026
- Cumulative days on market: 126 days
- Listing terms: Cash,Cash to New Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Listed for sale | $9,950,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Corona del Mar
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