$5,500,000
6Beds4Baths3,298SqFt
807 Aldebaran CircleNewport Beach, CA 92660Dover Shores
2516 Bayside Dr, Newport Beach, CA 92625
- 5 beds
- 5 baths
- 2,550 sq ft
- Built 1972
$5,498,000
Subdivision Corona del Mar South of PCH
Open house
Open Houses
The home
About 2516 Bayside Dr
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 coastal setting.
The sophisticated design features expansive glazing and seamless indoor-outdoor living, a dramatic great room with fireplace, and a large eat-in kitchen with island and pantry. The residence offers four full bedrooms and four full bathrooms, including en-suite secondary bedrooms and a luxurious primary suite with fireplace and walk-in closet, plus two additional powder rooms—one conveniently located on the main level and another on the rooftop. Additional highlights include an elevator, two-car garage, expansive outdoor living areas, and a spectacular rooftop entertaining deck complete with a covered cabana and powder room.
Unlike a typical development opportunity requiring a lengthy architectural, entitlement, and approval process, 2516 Bayside offers the flexibility of income today together with a substantially advanced path toward creating a new luxury residence.
Harbor views. Immediate income potential. Two units currently vacant. Fully approved plans. Building permit ready for pickup. An exceptional opportunity to create a signature coastal residence in Corona del Mar.
Property details for 2516 Bayside Dr
This 5-bedroom, 5-bath duplex sits in the Corona del Mar South of PCH neighborhood of Newport Beach in Orange County. It offers 2,550 square feet of living space and is listed at $5,498,000, about $2,156 per square foot. The home was built in 1972. The MLS record lists the assessor parcel number as 459-114-10. Highlights include ocean and harbor views, an attached two-car garage, central air, and mid-century modern architecture. 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
- $5,498,000
- Days On Site
- New Today
- Bedrooms
- 5
- Inside Area (SqFt)
- 2,550 sqft
- Total Baths
- 5
- Full Baths
- 5
- Partial Baths
- N/A
- Lot Size
- N/A
- Year Built
- 1972
- MLS® Number
- OC26216438
- Status
- Coming Soon
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Estimated
General Features
- Property Type
- Duplex
- MLS Number
- OC26216438
- Year Built
- 1972
- Living Area (sq ft)
- 2,550
- Living Area Source
- Estimated
- Lot Size (sq ft)
- 3,540
- Lot Size (acres)
- 0.0813
- Levels
- Two
- Bedrooms
- 5
- Full Baths
- 5
- Garage Spaces
- 2
- Parking Spaces
- 6
- View
- Bay, City Lights, Park Greenbelt, Harbor, Ocean, Water
- Parcel Number
- 45911410
- Listing Terms
- Standard
Interior Features
- Interior Features
- Breakfast Bar, Balcony, Breakfast Area, Ceiling Fans, Separate Formal Dining Room, Laminate Counters, Multiple Staircases, Unfurnished, All Bedrooms Up, Instant Hot Water, Primary Suite
- Appliances
- Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Freezer, Disposal, Ice Maker, Microwave, Dryer, Washer
- Flooring
- Laminate
- Heating
- Central
- Cooling
- Central Air, Attic Fan
- Fireplace
- None
- Laundry
- Inside, In Kitchen, Upper Level
- Main Level Bedrooms
- 2
- Main Level Bathrooms
- 2
- Entry Level
- 2
- Common Walls
- No Common Walls
- Windows
- Blinds
- Accessibility
- No Stairs, Parking, Accessible Hallways
- Rooms
- Bedroom, Living Room, Primary Bedroom, Primary Bathroom, Bathroom, Kitchen, Dining Room, Laundry
Exterior Features
- Architectural Style
- Mid Century Modern
- Exterior Features
- Awnings, Rain Gutters
- Roof
- Asphalt, Composition, Flat
- Construction
- Asphalt, Drywall, Stucco
- Foundation
- Raised, Slab
- Lot Features
- Two To Five Units Acre, Front Yard, Greenbelt, Lawn, Rectangular Lot, Sprinklers Timer, Tear Down, Value In Land
- Patio and Porch
- Deck, Front Porch, Open, Patio, Terrace, Wood
- Parking
- Door Multi, Direct Access, Driveway, Driveway Up Slope From Street, Garage Faces Front, Garage, Oversized, Public, Private
- Fencing
- Block, Privacy
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected
- Condition
- Building Permit
- Faces
- Northwest
- Units
- 3
Community Features
- Subdivision
- Corona del Mar South of PCH (CDMS)
- Community Features
- Biking, Curbs, Gutters, Park, Street Lights, Sidewalks
- Security
- Smoke Detectors
The record
Property History for 2516 Bayside Dr
| Date | Event | Price | Note |
|---|---|---|---|
| Oct 5, 2026 | Listed for sale | $5,498,000 | |
| Mar 6, 2017 | Sold | $2,050,000 | Marcus & Millichap RE Invest |
Cost of ownership
Estimated monthly payment
7.03% · 30-yr fixed$
$41,634/mo
10% down · 30-year fixed · $549,800 down
Principal & interest$33,020
Mortgage insurance (est., over 80% LTV)$2,062
Property tax (est. 1.08%)$4,948
Home insurance (rough est., varies widely)$1,604
HOANot reported, not included
$35,903/mo
20% down · 30-year fixed · $1,099,600 down
Principal & interest$29,351
Property tax (est. 1.08%)$4,948
Home insurance (rough est., varies widely)$1,604
HOANot reported, not included
$32,234/mo
30% down · 30-year fixed · $1,649,400 down
Principal & interest$25,682
Property tax (est. 1.08%)$4,948
Home insurance (rough est., varies widely)$1,604
HOANot reported, not included
Estimated carrying cost
$6,552/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.08%)$4,948
Home insurance (rough est., varies widely)$1,604
HOANot reported, not included
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 Newport Beach rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.
Next steps
Buying 2516 Bayside Dr
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The neighborhood
About Newport Beach
Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.
Newport Beach home sales, past 12 months
- Homes sold
- 37
- Median price
- $3,835,000
- Median days on market
- 47
- Median per sq ft
- $1,811
Recorded MLS closings of duplexes, Sep 29, 2025 to Sep 29, 2026. Days on market run from listing to going under contract.
Price per square foot against recent Newport Beach sales
At $2,156 per square foot, this home's asking price is 19% above the Newport Beach median of $1,811 for duplexes that closed in the past 12 months.
Recent Newport Beach sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 224 Amethyst | Sep 29, 2026 | $3,736,710 | 2,805 | $1,332 | 115 |
| 210 Opal | Sep 25, 2026 | $3,750,000 | 2,024 | $1,853 | 11 |
| 3709 W Balboa | Sep 14, 2026 | $2,200,000 | 600 | $3,667 | 47 |
| 2212 Laurel | Sep 3, 2026 | $3,235,000 | 2,000 | $1,618 | 8 |
| 510 Avocado | Aug 27, 2026 | $3,720,000 | 3,194 | $1,165 | 8 |
Schools
Schools for 2516 Bayside Dr
As listed in the MLS record. Confirm attendance boundaries with the school district.
- Elementary
- Harbor View
- High
- Corona Del Mar
- District
- Newport Mesa Unified
Living in Newport Beach covers its schools, parks and beaches.
Location
Location
Photographs
Photos of 2516 Bayside Dr, Newport Beach
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Listed by Antoine Raffouly of Luxe Real Estate
Listing information updated Oct 6, 2026 at 12:36 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.