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Bayside Dr","City":"Newport Beach","Country":"United States","State":"California","ZipCode":"92625","IsAvailable":true,"isDistributed":true,"ListingID":"OC26216438","Price":5498000,"PriceBeforeSale":5498000,"OriginalPrice":5498000,"listedOn":1791345600,"PriceHistory":[{"timestamp":1791345600,"price":5498000}],"PriceDrop":false,"isCrea":false,"Agents":[],"Brokers":[],"Latitude":33.599727,"Longitude":-117.876843,"coordinates":[-117.876843,33.599727],"GeoCodeStatus":"board","LotSquareFootage":3540,"LotSquareFootageOrigin":3540,"isForeclosure":false,"MarketingRemarks":"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.\r\n\r\nPositioned 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 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Renderings included in the listing photos are conceptual architectural renderings of the approved proposed residence and are provided for illustrative purposes only.\r\n\r\nThe 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\u2014one 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.\r\n\r\nUnlike 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.\r\n\r\nHarbor views. Immediate income potential. Two units currently vacant. Fully approved plans. Building permit ready for pickup. 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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.\r\n\r\nThe 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 exceptional coastal setting. 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Perched on an elevated 10,850 sq. ft. lot in the quiet enclave of Broadmoor Hills in Harbor View Hills, this 2,700 sq. ft. home offers bay and ocean views from the back yard and bedrooms.  Glimpses of Catalina give the street its name, while proximity to Fashion Island, the Village, and the beach contribute to the neighborhood's ever-growing reputation.  Inside, there are exposed-beam ceilings framing custom millwork around the fireplace in the living room, and more vaulted ceilings and clerestory windows in the kitchen-adjacent family room, all of which flood this hub of the home with natural light.   A spacious primary suite on the lower level has two private patio areas and offers a variety of unique living options for every family's needs.  The further 3 bedrooms on the upper level all feature ocean or Spyglass Hill views, and share a full bathroom and dedicated laundry room.  There's a 3 car garage and driveway parking for many more.  Broadmoor Hills separates itself from the rest of the neighborhood by one way in & out access, which creates a quieter than average feel, and the homes there share their own association pool.  One local family, known for their community and neighborhood involvement, has graced the home for 54 years, after hand-picking this location for its vantage point.  This charming home presents a wonderful opportunity to continue the legacy with a light remodel, or a dream re-build.  How will you envision its future?","PropertyStyle":"","OriginalStyles":[""],"PropertyStyles":["Other"],"PropertyType":"Single Family Residence","BrokeredBy":["Seven Gables Real Estate"],"Details":{"Bathrooms":3,"FullBathrooms":2,"HalfBathrooms":1,"Bedrooms":4,"Acres":0.2492,"SquareFeet":2705,"CentralAC":false,"Water":"Public","GarageAndParking":3,"YearBuilt":1967,"Fireplace":1,"Heating":"Natural Gas, Forced Air, Central","HeatingType":false,"Exterior":false,"InteriorFeatures":false,"Miscellaneous":false,"Appliances":false,"Roof":false,"Flooring":false,"Foundation":false,"Construction":false,"Sewer":false,"Directions":"San Joaquin by lawn bowling to Crown, RIGHT on Blue Water into Broadmoor Hills, RIGHT on Lighthouse, LEFT on Island View","Location":false,"Basement":false,"AssociationFee":0,"AssociationFeeFrequency":false,"IsPool":true,"IsWaterfront":false,"IsGarage":true,"IsGardenHome":false,"IsDen":true,"IsRavine":false,"IsBasement":false,"IsFamilyRoom":true,"IsElevator":false,"IsCentralVacuum":false,"IsGreenProperty":false,"IsAcreage":false,"IsApartment":false,"IsGated":false,"IsPond":false,"IsInLawSuite":false,"IsBarn":false,"IsBoatDock":false,"IsGolfCourse":false,"IsCathedralCeiling":false,"IsCulDeSac":false,"IsDetachedGarage":false,"IsDisabilityFeatures":false,"IsEnsuite":false,"IsBeachFront":false,"IsBeachView":false,"IsFireplace":true,"IsFalloutShelters":false,"IsFenced":false,"IsFarm":false,"IsFinishedBasement":false,"IsFirstFloorMaster":false,"IsFixerUpper":false,"IsFruitTrees":false,"IsHardwoodFloors":false,"IsPetFriendly":false,"IsOpenFloorPlan":false,"IsFencedYard":false,"IsForcedAir":true,"IsFrontPorch":false,"IsCoveredGarage":false,"Is3CarGarage":false,"IsHorse":false,"IsCentralHeat":false,"IsGuestHouse":false,"IsGameRoom":false,"IsHandicapAccess":false,"IsHeatedPool":false,"IsHelicopterPad":false,"IsHelipad":false,"IsHiddenPassageway":false,"IsHiddenRoom":false,"IsHighCeiling":false,"IsHotTub":false,"IsSmartHomes":false,"IsIngroundPool":false,"IsInvestment":false,"IsInvestmentOpportunity":false,"IsKitchenIsland":false,"IsJackAndJillBathroom":false,"Is2Kitchen":false,"IsBigKitchen":false,"IsDogKennel":false,"IsGourmetKitchen":false,"IsKitchenDiner":false,"IsKosherDiner":false,"IsLargeKitchen":false,"IsModernKitchen":false,"IsNewKitchen":false,"IsOpenKitchen":false,"IsOutdoorKitchen":false,"IsPoolTable":false,"IsPingPongTable":false,"IsScreenedPorch":false,"IsRemodeledKitchen":false,"IsRenovatedKitchen":false,"IsTwoKitchens":false,"IsTheater":false,"IsUpdatedKitchen":false,"IsWhiteKitchen":false,"IsLakeView":false,"IsBigLot":false,"IsCornerLot":false,"IsHuntingLand":false,"IsLibrary":false,"IsTaxLien":false,"IsWoodedLand":false,"IsMasterBathroom":false,"IsMasterOnMain":false,"IsMaintenance":false,"IsNewConstruction":false,"IsNewRoof":false,"IsDenOrOffice":false,"IsOceanView":true,"IsConversationPit":false,"IsGuestParking":false,"IsRanch":false,"IsMediaRoom":false,"IsRaceTrack":false,"IsRecordingStudio":false,"IsBoatSlip":false,"IsMasterSuite":false,"IsScreen":false,"IsSecurity":false,"IsSeniorCommunity":false,"IsTennis":false,"IsTennisCourt":false,"IsTheaterRoom":false,"IsTlc":false,"IsTrails":false,"IsVaultedCeiling":true,"IsViews":true,"IsVolleyball":false,"IsWaterView":false,"IsWasher":false,"IsWellWater":false,"IsWineCellar":false,"IsWineCeller":false,"IsWorkshop":false},"Keywords":"For the first time in over 50 years, this home is available for its next stewards.  Perched on an elevated 10,850 sq. ft. lot in the quiet enclave of Broadmoor Hills in Harbor View Hills, this 2,700 sq. ft. home offers bay and ocean views from the back yard and bedrooms.  Glimpses of Catalina give the street its name, while proximity to Fashion Island, the Village, and the beach contribute to the neighborhood's ever-growing reputation.  Inside, there are exposed-beam ceilings framing custom millwork around the fireplace in the living room, and more vaulted ceilings and clerestory windows in the kitchen-adjacent family room, all of which flood this hub of the home with natural light.   A spacious primary suite on the lower level has two private patio areas and offers a variety of unique living options for every family's needs.  The further 3 bedrooms on the upper level all feature ocean or Spyglass Hill views, and share a full bathroom and dedicated laundry room.  There's a 3 car garage and driveway parking for many more.  Broadmoor Hills separates itself from the rest of the neighborhood by one way in & out access, which creates a quieter than average feel, and the homes there share their own association pool.  One local family, known for their community and neighborhood involvement, has graced the home for 54 years, after hand-picking this location for its vantage point.  This charming home presents a wonderful opportunity to continue the legacy with a light remodel, or a dream re-build.  How will you envision its future? 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Skylights across the home enhance the bright coastal interiors, while the main great room is anchored by a fireplace, French doors, and seamless access to the private backyard patio designed for indoor-outdoor living. The generous chef\u2019s kitchen features stainless steel appliances, bar seating, and direct connection to the main living spaces, creating an ideal layout for both entertaining and everyday comfort. A separate dining area adds flexibility for larger gatherings and formal occasions. The oversized primary suite offers a remodeled bath with dual vanities, soaking tub, skylight, and an expansive closet area with substantial storage. The home also provides two additional guest rooms plus bath, and a large two-car garage. 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