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Jack Kirk, Sr.

jack@jackkirk.com +1(831) 637-0344

Listed by Antoine Raffouly, DRE #02102641 • Luxe Real Estate

$ 5,498,000

Est. payment -/mo

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2516 Bayside Dr Newport Beach, CA 92625

5 Beds

5 Baths

2,550 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,550 sqft

Price per Sqft $2,156

MLS Listing ID CROC26216438

Bedrooms 5

Full Baths 5

Year Built 1972

Lot Size 3,540 Sqft

Property Sub-Type Single Family Home

Source California Regional MLS

Property Description

A rare harbor-view opportunity in the heart of Corona del Mar, 2516 Bayside Drive combines immediate income potential with a fully approved, permit-ready path to an exceptional new custom residence. Positioned on an approximately 3,540-square-foot lot, the property enjoys prominent harbor views and additional on-site parking while currently offering two 2-bedroom, 2-bath residences plus a studio, with projected gross rental income of approximately $14,000 per month, or $168,000 annually. Two of the three units are currently vacant, with only the larger 2-bedroom residence tenant-occupied, providing a future owner with added flexibility for leasing, personal use, or future redevelopment while determining the optimal timing for construction. The property's defining opportunity is its fully approved architectural plans for an approximately 3,500-square-foot, three-level contemporary single-family residence, with the building permit ready for pickup. Originally designed by Brandon Architects and subsequently completed and finalized by Horst Architects, the residence has been thoughtfully conceived to maximize the property's harbor views and exceptional coastal setting. Renderings included in the listing photos are conceptual architectural renderings of the approved proposed res

Location

State CA

County Orange

Area Cs - Corona Del Mar - Spyglass

Rooms

Dining Room Breakfast Bar, Formal Dining Room, Breakfast Nook

Kitchen Ice Maker, Dishwasher, Freezer, Garbage Disposal, Microwave, Other, Oven Range - Electric, Oven - Electric

Interior

Heating Central Forced Air

Cooling Central AC

Flooring Laminate

Fireplaces Type None

Laundry In Kitchen, Other, Washer, Upper Floor, Dryer

Exterior

Parking Features Attached Garage, Private / Exclusive, Garage, Other, Common Parking - Public, Room for Oversized Vehicle

Garage Spaces 2.0

Fence Other, 2

Pool 31, None

Utilities Available Electricity - On Site

View Bay, Greenbelt, Marina, Ocean, Water, City Lights

Roof Type Flat / Low Pitch,2,Composition

Building

Foundation Raised, Concrete Slab

Water Hot Water, District - Public

Others

Tax ID 45911410

Special Listing Condition Not Applicable

Jack Kirk, Sr.

Broker License ID: 669998

+1(831) 637-0344

Jack Kirk, Sr.

2516 Bayside Dr Newport Beach, CA 92625

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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2516 Bayside Dr