2727 Ocean Boulevard, Corona Del Mar, California 92625, Corona Del Mar, - bed, bath
ACTIVE$11,500,000
2727 Ocean Boulevard, Corona Del Mar, California 92625
3Beds
5Baths
3,684Sqft
6,240Lot
Year Built
1956
Close
-
List price
$11.5M
Original List price
$13.9M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25196737
Home ConditionTear down
Features
Excellent View: Catalina, City Lights, Harbor, Ocean, Panoramic, Water
Deck
ViewCatalina,City Lights,Harbor,Ocean,Panoramic,Water
About this home
Perched above the picturesque shoreline of China Cove, this rare offering presents some of the most captivating views in all of Corona del Mar. From this unrivaled vantage point, take in sweeping panoramas of Newport Harbor, the world-famous Wedge, sparkling city lights, and the vast Pacific Ocean. The existing residence, original in character, serves as a canvas for reimagining and offers a remarkable opportunity to create a dream estate of up to 6,250 square feet. Few properties combine such an iconic location with the ability to design and build a custom home that fully captures the surrounding beauty. Situated along Ocean Boulevard, just moments from the beach, village shops, and renowned restaurants, 2727 Ocean Blvd embodies the essence of coastal living and represents a once-in-a-lifetime chance to craft a legacy property in the heart of Corona del Mar.
Nearby schools
9/10
Harbor View Elementary School
Public,•PK-6•0.7mi
7/10
Abraham Lincoln Elementary School
Public,•K-6•1.4mi
9/10
Roy O. Andersen Elementary School
Public,•K-6•2.1mi
9/10
Newport Coast Elementary School
Public,•PK-6•3.1mi
9/10
Corona Del Mar High School
Public,•7-12•2.7mi
Price History
Date
Event
Price
10/08/25
Price Change
$11,500,000-17.3%
09/02/25
Listing
$13,900,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (58 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 5 | 3 | 81% |
| Square foot | 3,684 | 2,629 | 81% |
| Lot Size | 6,240 | 7,920 | 29% |
| Price | $11.5M | $5.1M | 92% |
| Price per square foot | $3,122 | $1,968 | 92% |
| Built year | 1956 | 1968 | 25% |
| HOA | $856 | ||
| Days on market | 63 | 178 | 7% |
Condition Rating
Tear down
The property was built in 1956, making it 68 years old. The listing description explicitly states the 'existing residence, original in character, serves as a canvas for reimagining' and that the opportunity is to 'create a dream estate.' Furthermore, the property analysis highlights 'Dated Existing Structure' and 'Substantial Additional Investment Required,' implying the current structure is not the primary value. The absence of any interior photos, especially for a property at this price point, strongly suggests the interior (including kitchen and bathrooms) is in very poor, original condition and not a selling feature. All these factors align with the criteria for a 'tear-down' where the value is based solely on the land and its potential for redevelopment, with the existing structure being beyond practical repair or renovation.
Pros & Cons
Pros
Unrivaled Panoramic Views: The property boasts sweeping panoramas of Newport Harbor, the world-famous Wedge, sparkling city lights, and the vast Pacific Ocean, offering some of the most captivating views in Corona del Mar.
Prime Coastal Location: Perched above China Cove on Ocean Boulevard, the property is moments from the beach, village shops, and renowned restaurants, embodying the essence of desirable coastal living.
Significant Development Potential: The existing residence serves as a canvas for reimagining, offering a remarkable opportunity to create a custom dream estate of up to 6,250 square feet.
Rarity and Exclusivity: Described as a 'rare offering' and a 'once-in-a-lifetime chance,' this property combines an iconic location with the unique ability to design and build a bespoke home.
Legacy Property Opportunity: This is an exceptional opportunity to craft a legacy property in the heart of Corona del Mar, appealing to discerning buyers seeking long-term value and prestige.
Cons
Dated Existing Structure: The current residence is 'original in character' and built in 1956, indicating it is likely dated and requires significant renovation or complete demolition to realize its full potential.
Substantial Additional Investment Required: The property is presented as a 'canvas for reimagining,' implying that the purchase price is primarily for the land and location, with considerable additional capital needed for construction or extensive remodeling.
High Barrier to Entry: With a list price of $11.5 million, the property's high price point significantly narrows the potential buyer pool to ultra-luxury clientele.