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(831) 917-5646
Fadi Doidri
2516 Bayside Dr, Newport Beach, CA 92625
- $5,498,000
- 5
- BD
- 5
- BA
Listed by Antoine Raffouly, 8188518501 from Luxe Real Estate
(If provided) CoList: Paul Daftarian from Luxe Real Estate
- List Price
- $5,498,000
- MLS#
- CROC26216438
- Status
- ACTIVE
- Bedrooms
- 5
- Total Bathrooms
- 5
- Full Bathrooms
- 5
- Lot Size
- 3,540
- Listing Area
- Cs - Corona Del Mar - Spyglass
- Year Built
- 1972
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
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Additional Information
- Acres
- 0.08
- Amenities
- Awnings, Balcony/Patio, Window Covering(s), Counters, Other
- Bedroom Description
- Primary Suite / Retreat, 19
- Cooling System
- Central AC
- Energy Features
- Attic Fan, Ceiling Fan(s)
- Fence
- Other, 2
- Fireplace Description
- None
- Floor Covering
- Laminate
- Foundation
- Raised, Concrete Slab
- Garage Parking
- Attached Garage, Private / Exclusive, Garage, Other, Common Parking - Public, Room for Oversized Vehicle
- Heating System
- Central Forced Air
- Laundry Facilities
- In Kitchen, Other, Washer, Upper Floor, Dryer
- Lot Size
- 3,540
- Neighborhood
- Cs - Corona Del Mar - Spyglass
- Other Utilities
- Electricity - On Site
- Pool Description
- 31, None
- Roof
- Flat / Low Pitch, 2, Composition
- Unincorporated Yn
- Yes
- View
- Bay View, Greenbelt, Marina View, Ocean View, Water, View of City Lights
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Fadi Doidri are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
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