34 Mainsail Drive, Corona Del Mar, California 92625, Corona Del Mar, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$2,995,000
34 Mainsail Drive, Corona Del Mar, California 92625
3Beds
2Baths
2,241Sqft
7,004Lot
Year Built
1974
Close
-
List price
$3M
Original List price
$3.5M
Price/Sqft
-
HOA
$1,050
Days on market
-
Sold On
-
MLS number
NP25167592
Home ConditionPoor
Features
Excellent View: Bay, Catalina, City Lights, Coastline, Park/Greenbelt, Neighborhood, Ocean, Water
Patio
ViewBay,Catalina,City Lights,Coastline,Park/Greenbelt,Neighborhood,Ocean,Water

About this home

Perched at the highest point of one of Corona del Mar’s most prestigious gated communities, 34 Mainsail Drive presents a rare opportunity to reimagine a view property in an extraordinary setting. Set on a private terrace that commands sweeping views of the entire neighborhood, greenbelts, clubhouse, sports courts, the coastline of Corona del Mar, and the shimmering Pacific beyond, this original residence offers endless potential for luxury buyers, developers, or investors. From sunrise to sunset, the panoramic vistas—framed by Catalina Island on the horizon—set the stage for an unrivaled coastal lifestyle. The home itself is a true fixer, offering a blank canvas for customization or complete redevelopment. Whether you envision a refined modern masterpiece, a classic California coastal retreat, or a legacy property to hold and transform over time, the elevated site and ocean-facing orientation ensure that any vision will be richly rewarded. Located just minutes from world-class beaches, top-rated schools, upscale shopping, and the vibrant heart of the Village, 34 Mainsail Drive is more than a property—it’s a vantage point for the best of Southern California living. Opportunities in locations like this are few and far between—and they never last.

Price History

Date
Event
Price
10/03/25
Price Change
$2,995,000-3.4%
09/16/25
Price Change
$3,100,000-4.5%
09/07/25
Price Change
$3,245,000-3.0%
08/23/25
Price Change
$3,345,000-4.3%
07/28/25
$3,495,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (57 Listings)
Beds33
50%
Baths23
28%
Square foot2,2412,610
31%
Lot Size7,0047,920
34%
Price$3M$5.1M
12%
Price per square foot$1,336$1,966
9%
Built year19749840985
64%
HOA$1,050$865.5
53%
Days on market99180
19%
Condition Rating
Poor

Built in 1974, this property is 50 years old and explicitly described as a 'true fixer' and an 'original residence,' indicating a lack of significant recent renovations. The kitchen features dated light wood cabinets, a busy tile backsplash, and a mix of older and newer stainless steel appliances, suggesting a functional but severely outdated space. Both bathrooms exhibit very dated tile work, vanities, and light fixtures (e.g., strip lighting, wall-to-wall mirrors). While some areas have hardwood flooring, carpets in bedrooms appear worn. The overall condition points to a need for substantial repairs and rehabilitation to meet current quality standards and buyer expectations.
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).
Unrivaled Panoramic Views: Perched at the highest point, the property commands sweeping panoramic views of Catalina Island, the Pacific Ocean, coastline, city lights, and greenbelts, offering an unparalleled coastal lifestyle.
Prime Gated Community Location: Located within one of Corona del Mar’s most prestigious gated communities (Jasmine Creek), ensuring exclusivity, security, and a desirable neighborhood setting.
Significant Redevelopment Potential: Described as a 'true fixer' and 'blank canvas,' it presents an exceptional opportunity for luxury buyers, developers, or investors to customize or completely redevelop into a modern masterpiece.
Exceptional Investment Opportunity: A rare chance to acquire a legacy property in a highly sought-after coastal location, promising long-term appreciation and a unique vantage point for Southern California living.
Proximity to Amenities: Minutes away from world-class beaches, top-rated schools (including highly-rated elementary and high schools), upscale shopping, and the vibrant heart of Corona del Mar Village.

Cons

Extensive Renovation Required: The property is an 'original residence' and a 'true fixer,' indicating that significant investment, time, and effort will be necessary for modernization or complete redevelopment.
High Monthly Association Fee: A substantial monthly association fee of $1050 adds a considerable ongoing cost to the ownership of the property.
History of Price Reductions: The property has undergone multiple price reductions from its original list price, which may suggest initial overvaluation or market resistance at previous price points.

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