$7,695,000
4Beds5Baths3,788SqFt
712 K ThangaCorona Del Mar, CA 92625Irvine Terrace
525 El Paseo Drive, Corona Del Mar, CA 92625
- 5 beds
- 3 baths
- 3,166 sq ft
- 0.82-acre lot
- Built 1961
$9,950,000
Subdivision Irvine Terrace
13 single-family homes sold in the past 12 months · median $8,250,000
This property is also on the market under MLS NP26092209 (Land).
The home
About 525 El Paseo Drive
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 3 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.
Property details for 525 El Paseo Drive
This 5-bedroom, 3-bath single-family home sits in the Irvine Terrace neighborhood of Corona Del Mar in Orange County. It offers 3,166 square feet of living space and is listed at $9,950,000, about $3,143 per square foot. The home was built in 1961. The MLS record lists the assessor parcel number as 050-291-27. Highlights include ocean and Catalina views, single-story living, an attached two-car garage, and a 0.82-acre lot. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Specifications
Home Details
At a glance
- Price
- $9,950,000
- Days On Site
- 159 Days
- Bedrooms
- 5
- Inside Area (SqFt)
- 3,166 sqft
- Total Baths
- 3
- Full Baths
- 3
- Partial Baths
- N/A
- Lot Size
- 0.8196 Acres
- Year Built
- 1961
- MLS® Number
- NP26088576
- Status
- Active Under Contract
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- $47.92 monthly
- Sq Ft Source
- Assessor
General Features
- Property Type
- Single Family Residence
- MLS Number
- NP26088576
- Year Built
- 1961
- Living Area (sq ft)
- 3,166
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 35,700
- Lot Size (acres)
- 0.8196
- Levels
- One
- Bedrooms
- 5
- Full Baths
- 3
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- Bay, Catalina, City Lights, Harbor, Neighborhood, Ocean, Water
- HOA Dues
- $575
- HOA Frequency
- Annually
- HOA Name
- Irvine Terrace Community Association
- Parcel Number
- 05029127
- On Market Date
- 2026-04-28
- Zoning
- R-1
- Listing Terms
- Standard
Interior Features
- Interior Features
- All Bedrooms Down
- Cooling
- None
- Fireplace
- None
- Laundry
- None
- Main Level Bedrooms
- 5
- Main Level Bathrooms
- 3
- Entry Level
- 1
- Common Walls
- No Common Walls
- Rooms
- Bedroom
Exterior Features
- Lot Features
- Bluff, Corner Lot, Irregular Lot, Sloped Up, Tear Down, Value In Land
- Parking
- On Site, On Street
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Condition
- Building Permit
- Units
- 1
Community Features
- Subdivision
- Irvine Terrace (IRVT)
- Community Features
- Curbs, Gutters, Park, Storm Drains, Street Lights, Suburban, Sidewalks
- Association Amenities
- Sport Court, Picnic Area, Playground, Tennis Courts
The record
Property History for 525 El Paseo Drive
| Date | Event | Price | Note |
|---|---|---|---|
| Apr 28, 2026 | Listed for sale | $9,950,000 | |
| Nov 3, 2021 | Sold | $7,500,000 | Pacific Sotheby's Int'l Realty |
Cost of ownership
Estimated monthly payment
7.03% · 30-yr fixed$
$75,311/mo
10% down · 30-year fixed · $995,000 down
Principal & interest$59,758
Mortgage insurance (est., over 80% LTV)$3,731
Property tax (est. 1.07%)$8,872
Home insurance (rough est., varies widely)$2,902
HOA from listing$48
$64,941/mo
20% down · 30-year fixed · $1,990,000 down
Principal & interest$53,119
Property tax (est. 1.07%)$8,872
Home insurance (rough est., varies widely)$2,902
HOA from listing$48
$58,301/mo
30% down · 30-year fixed · $2,985,000 down
Principal & interest$46,479
Property tax (est. 1.07%)$8,872
Home insurance (rough est., varies widely)$2,902
HOA from listing$48
Estimated carrying cost
$11,822/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.07%)$8,872
Home insurance (rough est., varies widely)$2,902
HOA from listing$48
Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 7.03% (week of Sep 24, 2026); your rate will differ. A loan this size is typically a jumbo loan, which prices differently. Tax and insurance are modelled, not billed amounts; tax uses a typical Corona Del Mar rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.
Next steps
Buying 525 El Paseo Drive
Want to see 525 El Paseo Drive in person? We have guided buyers through Irvine Terrace and the wider Corona Del Mar market since 1983. Call to arrange a private tour, or send a note and we'll follow up.
Selling near 525 El Paseo Drive
Thinking of selling nearby? We bring current Irvine Terrace sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
The neighborhood
About Corona del Mar
Corona del Mar is a seaside community of Newport Beach in Orange County, set along Pacific Coast Highway above the shoreline, with Corona del Mar State Beach (Big Corona) and Little Corona del Mar Beach below the bluffs. Its walkable Village connects to Sherman Library and Gardens, Lookout Point, and Inspiration Point, within the Newport-Mesa Unified School District.
Irvine Terrace home sales, past 12 months
- Homes sold
- 13
- Median price
- $8,250,000
- Median days on market
- 99
- Median per sq ft
- $2,154
Recorded MLS closings of single-family homes, Sep 27, 2025 to Sep 27, 2026. Days on market run from listing to going under contract.
Price per square foot against recent Irvine Terrace sales
At $3,143 per square foot, this home's asking price is 46% above the Irvine Terrace median of $2,154 for single-family homes that closed in the past 12 months.
Recent Irvine Terrace sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 1535 Dolphin Terrace | Aug 19, 2026 | $12,250,000 | 3,312 | $3,699 | 139 |
| 1430 Dolphin Terrace | Aug 17, 2026 | $7,682,000 | 3,995 | $1,923 | 12 |
| 1231 Dolphin | Aug 10, 2026 | $19,000,000 | 6,232 | $3,049 | 129 |
| 712 K Thanga | Jul 24, 2026 | $7,595,000 | 3,788 | $2,005 | 6 |
| 600 Ramona | Jul 10, 2026 | $8,250,000 | 3,830 | $2,154 | 32 |
Schools
Schools for 525 El Paseo Drive
As listed in the MLS record. Confirm attendance boundaries with the school district.
- Elementary
- Harbor View
- Middle
- Corona Del Mar
- High
- Corona Del Mar
- District
- Newport Mesa Unified
Living in Corona Del Mar covers its schools, parks and beaches.
Location
Location
Photographs
Photos of 525 El Paseo Drive, Corona Del Mar
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Listed by Rob Smith of Compass
Listing information updated Sep 30, 2026 at 11:16 PM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.