2516 Bayside Dr, Newport Beach, CA 92625

• 5 beds |
• 5 baths |
• 2,550 sqft

Property Description

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. Positioned 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 rental income of approximately $14,000 per month, or $168,000 annually. 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. The 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. Renderings included in the listing photos are conceptual architectural renderings of the approved proposed residence and are provided for illustrative purposes only. The 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, includin

Listing Status:

Active

Date Added:

October 7, 2026

Data Last Updated:

October 9, 2026 at 12:12AM

Listing Office:

Luxe Real Estate : 949-484-0387

Listing Agent:

Antoine Raffouly : 818-851-8501

MLS ID:

OC26216438

Interior

• General: 2 StaircasesAttic FanBalconyLaminate CountersLiving Room BalconyUnfurnished
• Appliances: DishwasherDisposalDryerMicrowaveWasherElectric OvenElectric RangeFreezerIce Maker
• Flooring: Laminate
• A/C: Central Forced Air
• Heating: Forced Air Unit
• Fireplace: N/K
• Disability Feature: No Interior StepsParking36 Inch+ Wide Halls

Exterior

• General: N/K
• Pool: N/K
• Parking: Direct Garage AccessGarageGarage - Two DoorParking spaces: 6

Construction

• Roofing: CompositionAsphaltFlat
• General: StuccoAsphalt2

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Orange

Lot

• Zoning: 45911410
• View: BayOceanWaterHarborCity Lights
• Fencing: Privacy

Utilities

• Utilities: Cable ConnectedElectricity AvailableElectricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: California Regional MLS