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48 Drakes Bay Dr, Corona Del Mar, CA 92625

List Price: $22,500On Market FlagOn market
Jul 12, 20253,644 sqft4 beds4 baths
Listed by: Paul Daftarian
License #: 01317949
Phone #: 949-484-0387
Luxe Real Estate
Source:
CRMLS Logo
MLS #: OC25117691

Property Description

Welcome to 48 Drakes Bay—a striking blend of coastal sophistication and modern design, ideally positioned in the heart of Corona del Mar. Spanning approximately 3,850 square feet, this thoughtfully designed residence offers a rare combination of volume, functionality, and refined elegance just moments from the village, award-winning schools, world-class shopping, and pristine beaches. Perched to capture serene city light views, this five-bedroom, four-and-a-half-bathroom home features a highly versatile layout with three bedrooms on the lower level and two on the upper level—perfect for accommodating multi-generational living, guests, or a private office setup. Expansive bi-folding doors along the rear facade create a seamless indoor-outdoor connection, opening to a tranquil patio and allowing natural light to pour into the living spaces. The chef’s kitchen is a true centerpiece, boasting high-gloss white lacquer cabinetry, premium stainless steel appliances, and an oversized island with a custom built-in breakfast nook—ideal for casual dining or gathering with friends and family. Every detail has been thoughtfully curated to support both everyday living and effortless entertaining. Additional highlights include a wide, finished three-car garage with extensive built-in storage, a spacious primary suite retreat, and a location that puts you just minutes from Fashion Island, top-rated restaurants, and the best of Orange County coastal living.
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

$170,321

TurboHome Estimated Value

$5,688,600

$1,561 sqft

High Valuation
$5,973,030
$1639/sqft
Normal Valuation
$5,688,600
$1561/sqft
Low Valuation
$5,404,170
$1483/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1561/sqft$5,688,600

Neighborhood: Spyglass Hill Custom (SPYC)

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Comparative Value

$23K

$4.66M

$6.39M

$7.50M

48 Drakes Bay Dr, Corona Del Mar, CA 92625

List Price: $22,500

Subject Property

45 Sea Ter, Newport Coast, CA 92657

Sale Price: $4,660,000

Selected Comparable

1 Sommet, Newport Coast, CA 92657

Sale Price: $6,388,000

Selected Comparable

25 Point Loma Dr, Corona Del Mar, CA 92625

Sale Price: $6,550,000

Selected Comparable

38 Drakes Bay Dr, Corona Del Mar, CA 92625

Sale Price: $6,800,000

Selected Comparable

3 Point Sur Dr, Corona Del Mar, CA 92625

Sale Price: $7,500,000

Selected Comparable

Neighborhood Comps

Subject Property

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

48 Drakes Bay Dr, Corona Del Mar, CA 92625

List: $22,500

Listed: 7/12/2025

Area:3,644 sqft
Price/sqft:$6
Beds:4
Baths:4
Year Built:
Lot Size:11,025

Comparable Properties

COMPARABLE
Choose comps
1 Sommet, Newport Coast, CA 92657

1 Sommet, Newport Coast, CA 92657

Sale: $6,388,000

3/21/20250.66 mi

Area:4,012 sqft
Price/sqft:$1,592
Beds:4
Baths:4
Year Built:
Weight:21.8%
25 Point Loma Dr, Corona Del Mar, CA 92625

25 Point Loma Dr, Corona Del Mar, CA 92625

Sale: $6,550,000

7/29/20250.46 mi

Area:3,434 sqft
Price/sqft:$1,907
Beds:4
Baths:3
Year Built:
Weight:21.4%
3 Point Sur Dr, Corona Del Mar, CA 92625

3 Point Sur Dr, Corona Del Mar, CA 92625

Sale: $7,500,000

4/28/20250.45 mi

Area:3,011 sqft
Price/sqft:$2,491
Beds:4
Baths:4
Year Built:
Weight:21.2%
45 Sea Ter, Newport Coast, CA 92657

45 Sea Ter, Newport Coast, CA 92657

Sale: $4,660,000

1/14/20250.23 mi

Area:3,389 sqft
Price/sqft:$1,375
Beds:5
Baths:4
Year Built:
Weight:18.5%
38 Drakes Bay Dr, Corona Del Mar, CA 92625

38 Drakes Bay Dr, Corona Del Mar, CA 92625

Sale: $6,800,000

4/28/20250.07 mi

Area:3,917 sqft
Price/sqft:$1,736
Beds:5
Baths:5
Year Built:
Weight:17.1%

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