38 Drakes Bay Dr, Corona Del Mar, CA 92625 - View 1
38 Drakes Bay Dr, Corona Del Mar, CA 92625 - View 2
38 Drakes Bay Dr, Corona Del Mar, CA 92625 - View 3

38 Drakes Bay Dr, Corona Del Mar, CA 92625

Sale Price: $6,800,000
Feb 18, 20253,917 sqft5 beds5 baths
Listed by: Paul Daftarian
License #: 01317949
Phone #: 949-484-0387
Luxe Real Estate
Source:
CRMLS Logo
MLS #: OC25021168

Property Description

Perched in prestigious Spyglass Hill, 38 Drakes Bay Dr is a masterclass in design, craftsmanship, and modern luxury. Framed by breathtaking panoramic views of city lights and snow-capped mountains, this newly rebuilt home delivers an unparalleled living experience, where architecture, functionality, and innovation converge in perfect harmony. Designed with no expense spared, the home was thoughtfully overbuilt as a forever retreat. The result is a resort-style sanctuary, offering seamless indoor-outdoor flow, impeccable fit & finish, & smart home tech. Upon entry, expansive walls of glass and oversized windows bathe the home in natural light, highlighting a timeless material palette and flawless craftsmanship. The family room flows into the chef’s kitchen, featuring bar seating, top-tier appliances, and a breakfast nook that extends to both the dining room and outdoor dining with fire-lit lounges. The dedicated dining room opens to an outdoor lounge and kitchen, perfect for hosting year-round with motorized rain-sensing pergolas and Infratech heating. The formal living/entertainment room is a showpiece, featuring a wine wall, wet bar, and La Cantina pocketing doors that erase the boundary between indoor and resort-caliber outdoor living. A generous outdoor oasis wraps the rear of the property, designed for daily relaxation and large-scale entertaining. The saltwater pool and spa, multiple covered dining and lounge areas, outdoor kitchen, and fire features set against spectacular views create the ultimate retreat. Meticulously manicured landscaping and lighting complete the space and bring the home to life. A main-floor en-suite bedroom with a private Zen patio offers flexibility as a guest retreat or home office. Upstairs, the primary suite is an experience unto itself, featuring a cozy fireplace, spa-like bath with floating tub, walk-in shower, dual vanities, and makeup station. An oversized walk-in closet with island and a panoramic view balcony make this retreat truly exceptional. A junior primary/in-law suite, two secondary bedrooms, and a dedicated laundry room complete the upper level. Equipped with Control4 smart home automation, an oversized three-car garage with EV charger, and solar panels, the home is both intelligent and efficient. Moments from the CdM Village, world-class resorts, shopping, dining, and beaches, 38 Drakes Bay Dr offers an unmatched blend of lifestyle, luxury, and breathtaking beauty—all at incredible value.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$116,442

TurboHome Estimated Value

$7,380,400

$1,884 sqft

High Valuation
$7,749,420
$1978/sqft
Normal Valuation
$7,380,400
$1884/sqft
Low Valuation
$7,011,380
$1790/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1884/sqft$7,380,400

Neighborhood: Spyglass Hill (SPYH)

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Comparative Value

$4.66M

$4.95M

$5.13M

$5.45M

$6.80M

$7.00M

45 Sea Ter, Newport Coast, CA 92657

Sale Price: $4,660,000

Selected Comparable

1 Belmont, Newport Beach, CA 92660

Sale Price: $4,950,000

Selected Comparable

15 San Sebastian, Newport Beach, CA 92660

Sale Price: $5,125,000

Selected Comparable

12 Rivage, Newport Coast, CA 92657

Sale Price: $5,450,000

Selected Comparable

38 Drakes Bay Dr, Corona Del Mar, CA 92625

Sale Price: $6,800,000

Selected Comparable

38 Drakes Bay Dr, Corona Del Mar, CA 92625

List Price: $6,998,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
38 Drakes Bay Dr, Corona Del Mar, CA 92625

38 Drakes Bay Dr, Corona Del Mar, CA 92625

List: $6,998,000

Listed: 2/18/2025

Area:3,917 sqft
Price/sqft:$1,787
Beds:5
Baths:5
Year Built:
Lot Size:12,403

Comparable Properties

COMPARABLE
Choose comps
38 Drakes Bay Dr, Corona Del Mar, CA 92625

38 Drakes Bay Dr, Corona Del Mar, CA 92625

Sale: $6,800,000

4/28/20250.00 mi

Area:3,917 sqft
Price/sqft:$1,736
Beds:5
Baths:5
Year Built:
Weight:24.7%
15 San Sebastian, Newport Beach, CA 92660

15 San Sebastian, Newport Beach, CA 92660

Sale: $5,125,000

1/24/20250.34 mi

Area:4,583 sqft
Price/sqft:$1,118
Beds:5
Baths:5
Year Built:
Weight:20.2%
12 Rivage, Newport Coast, CA 92657

12 Rivage, Newport Coast, CA 92657

Sale: $5,450,000

2/18/20250.55 mi

Area:4,600 sqft
Price/sqft:$1,185
Beds:5
Baths:5
Year Built:
Weight:20.1%
45 Sea Ter, Newport Coast, CA 92657

45 Sea Ter, Newport Coast, CA 92657

Sale: $4,660,000

1/14/20250.18 mi

Area:3,389 sqft
Price/sqft:$1,375
Beds:5
Baths:4
Year Built:
Weight:18.6%
1 Belmont, Newport Beach, CA 92660

1 Belmont, Newport Beach, CA 92660

Sale: $4,950,000

5/5/20250.70 mi

Area:4,643 sqft
Price/sqft:$1,066
Beds:4
Baths:5
Year Built:
Weight:16.5%

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