2495 Ocean Boulevard, Corona Del Mar, California 92625, Corona Del Mar, - bed, bath

home-pic
ACTIVE$25,000,000
2495 Ocean Boulevard, Corona Del Mar, California 92625
4Beds
8Baths
7,270Sqft
16,340Lot
Year Built
2025
Close
-
List price
$25M
Original List price
$25M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25060600
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Harbor, Ocean
Deck
Pool
Patio
ViewCatalina,City Lights,Harbor,Ocean

About this home

This is a genuine once-in-a-lifetime opportunity to acquire the finest bayfront parcel in Corona del Mar. Set on a sloping bluff cascading down to its private cove, this property affords unequalled panoramic views of the harbor, ocean, Catalina and sunsets from its elevated pad area. Included in the offering are the initial phase of construction improvements (grading, shoring, and extensive new foundation construction). Now the project is ready for a new owner to step in and complete the construction of the spectacular contemporary home of 7,270 square feet that was designed by renowned architect Chris Brandon. From the moment one steps inside the two-story entry hall, the new home when completed will feel as though it is floating above the cove and harbor below. Extraordinary ceiling heights complement spacious rooms in the open plan. Floor-to-ceiling walls of glass bring the out of doors in, making the home at one with its scintillating setting at the water's edge. Several outdoor terraces, an entertaining cabana, elevated infinity pool and private gardens will complete the home. Also included in a massive private dock with accommodations for several water craft. Over ten years in the making, this was an extraordinary undertaking to plan and receive permits to build; permits that would not likely be granted again. The construction, too, required the very best team to bring it to life. With the "difficult" part of the project now complete, a new owner will be able to create the home of their dreams in a relatively short period of time.

Price History

Date
Event
Price
03/27/25
Listing
$25,000,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (57 Listings)
Beds43.5
50%
Baths83
98%
Square foot7,2702,629
98%
Lot Size16,3407,920
93%
Price$25M$5.13M
98%
Price per square foot$3,439$1,981.5
95%
Built year20259840985
100%
HOA$770.5
Days on market222182
67%
Condition Rating
Excellent

This property is a new construction project with a projected completion year of 2025. The listing explicitly states it's in the 'initial phase of construction improvements' with the foundation and shoring complete, ready for a new owner to complete a 'spectacular contemporary home' designed by a renowned architect. While not yet a finished home, the 'year_built' and the detailed description of the future luxury residence, including high-end design, extraordinary ceiling heights, floor-to-ceiling glass, and amenities like an infinity pool and private dock, indicate an 'excellent' quality upon completion. The architectural renderings further support a modern, high-quality aesthetic. The score reflects the intended and projected condition of this brand-new, high-end development, rather than the current state of an unfinished structure.
Pros & Cons

Pros

Great Schools: Elementary School: Harbor View Elementary School (9/10). Middle School: Corona Del Mar High School (9/10). High School: Corona Del Mar High School (9/10).
Unparalleled Location & Views: This is the finest bayfront parcel in Corona del Mar, offering unequalled panoramic views of the harbor, ocean, Catalina, and sunsets from its elevated position.
Rare Permitting & Development Opportunity: A once-in-a-lifetime opportunity with permits secured after over ten years, which are unlikely to be granted again, significantly de-risking a complex custom build.
Advanced Construction Phase: The initial, most challenging phases of construction, including grading, shoring, and extensive new foundation, are already complete, allowing a new owner to expedite the completion process.
Renowned Architectural Design: The property comes with plans for a spectacular 7,270 sqft contemporary home designed by acclaimed architect Chris Brandon, featuring extraordinary ceiling heights and floor-to-ceiling glass.
Exclusive Waterfront Amenities: The completed vision includes multiple outdoor terraces, an entertaining cabana, an elevated infinity pool, private gardens, and a massive private dock with accommodations for several watercraft.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =16340, other record lot size in square feet = 16736. Living area discrepancy between mls listing and other public or private record. mls listing living area = 7270, other record living area = 6325.
Incomplete Construction: The property is currently an unfinished project, requiring significant additional investment, time, and project management from the new owner to complete the 7,270 sqft home.
Substantial Additional Investment Required: The $25 million list price is for an incomplete structure, meaning the final cost to complete the luxury residence will be considerably higher, limiting the potential buyer pool.
Extended Timeline for Occupancy: Despite the 'difficult part' being done, completing a custom home of this scale will still involve a substantial construction timeline, delaying immediate occupancy for the new owner.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State