1535 Dolphin Terrace, Corona Del Mar, California 92625, Corona Del Mar, - bed, bath

home-pic
ACTIVE$13,475,000
1535 Dolphin Terrace, Corona Del Mar, California 92625
3Beds
4Baths
3,312Sqft
10,750Lot
Year Built
1992
Close
-
List price
$13.47M
Original List price
$13.99M
Price/Sqft
-
HOA
$60
Days on market
-
Sold On
-
MLS number
OC25135996
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Coastline, Harbor, Ocean, Panoramic, Water
Pool
Patio
ViewCatalina,City Lights,Coastline,Harbor,Ocean,Panoramic,Water

About this home

Perched on the front row of Corona del Mar’s coveted Irvine Terrace, 1535 Dolphin Terrace commands some of the most captivating views in all of Orange County. With an unmatched vantage point overlooking the mouth of the Newport Jetty, Harbor, Balboa Island, Catalina Island, and the sparkling Pacific and beyond, this property offers a front-row seat to the region’s most iconic sights—including nightly city lights, Fourth of July fireworks, and the world-famous Christmas Boat Parade. Ideally positioned across from the Newport Beach Country Club and moments from Fashion Island, Balboa Island, and the CDM Village, this single-level home offers both comfort and convenience in one of the coast’s most desirable neighborhoods. Inside, walls of glass frame the panoramic vistas from the great room, kitchen, and primary suite. The open-concept layout is perfect for entertaining, with a glass-enclosed dining area and expansive terrace for al fresco gatherings year-round. The resort-style backyard features an infinity-edge pool and elevated viewing terrace, ideal for watching boats glide through the channel by day and enjoying glowing sunsets and city lights by night. The primary suite includes a cozy fireplace and a spa-like bathroom with ocean-facing soaking tub, double vanities, and a walk-in shower. Whether you’re looking to move right in, renovate, or build your dream home, this is a rare opportunity to own one of CDM’s most iconic view properties in an unbeatable location.

Nearby schools

9/10
Harbor View Elementary School
Public,PK-60.9mi
7/10
Abraham Lincoln Elementary School
Public,K-61.4mi
9/10
Roy O. Andersen Elementary School
Public,K-61.8mi
9/10
Newport Coast Elementary School
Public,PK-63.5mi
9/10
Corona Del Mar High School
Public,7-122.0mi

Price History

Date
Event
Price
10/03/25
Price Change
$13,475,000-3.7%
08/06/25
Listing
$13,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (55 Listings)
Beds33
50%
Baths43
61%
Square foot3,3122,610
77%
Lot Size10,7507,920
64%
Price$13.47M$5.1M
98%
Price per square foot$4,069$1,981.5
96%
Built year19929840985
80%
HOA$60$770.5
18%
Days on market92170
13%
Condition Rating
Excellent

Despite being built in 1992, the property has clearly undergone an extensive, high-quality, and recent renovation. The kitchen features modern white cabinetry, high-end stainless steel appliances, a waterfall island, and contemporary lighting. Bathrooms are spa-like with modern vanities, large soaking tubs, frameless glass showers, and updated tile work. Throughout the home, light wood flooring, recessed lighting, and clean, modern finishes indicate a comprehensive update, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Unparalleled Panoramic Views: The property commands some of the most captivating views in Orange County, overlooking the Newport Jetty, Harbor, Balboa Island, Catalina Island, Pacific Ocean, and city lights, visible from nearly every room and the outdoor living spaces.
Prime Front-Row Location: Perched on the coveted front row of Irvine Terrace, the home offers an exclusive address with immediate proximity to Newport Beach Country Club, Fashion Island, Balboa Island, and CDM Village.
Resort-Style Outdoor Living: The backyard features an infinity-edge pool and an elevated viewing terrace, creating an ideal setting for entertaining and enjoying the spectacular coastal scenery and events.
Single-Level Open-Concept Design: The single-level layout with an open-concept design and extensive glass walls maximizes comfort, convenience, and seamless integration of the panoramic vistas into the living experience.
Significant Renovation/Rebuild Potential: The property offers a rare opportunity to either move in, renovate to personal taste, or build a new dream home on an iconic view lot, providing flexibility for future investment and customization.

Cons

Listing Price vs. Estimated Value Discrepancy: The current listing price is notably higher than the property's estimated value, which may raise questions for potential buyers regarding market value and investment return.
Age and Potential for Modernization: Built in 1992, while well-maintained, the home's age suggests that significant updates or a full renovation might be desired by buyers seeking contemporary luxury standards, implying additional investment.
Recent Price Reduction: A recent price reduction from the original list price could indicate an initial overestimation of market value or a longer time on market, potentially influencing buyer perception.

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