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2516 Ocean Boulevard, Corona del Mar, CA 92625

$20.00M5bd · 8ba · 5,000 sqft
Lot 3,485 sqft•Single Family Residence•
Active
•194d on market•MLS# LG-26086095

Property Description

Setting a new standard for California coastal living, this exceptional oceanfront residence showcases elevated finishes, refined craftsmanship, and a sophisticated, design-forward aesthetic. Bold materials and a curated coastal palette define a home that is both striking and timeless. Designed by Chris Light with interiors by Jeffrey Maynard, the residence offers true oceanfront living with five bedrooms and a level of architectural integrity rarely found along the coast. The main level is designed for living and entertaining at scale. At its center, the kitchen makes a bold statement with steel and Arabescato marble surfaces, complemented by custom walnut cabinetry fabricated in Italy by The Davani Group and fully integrated Gaggenau appliances. The great room is anchored by a fireplace and a refined bar, while expansive doors open to a large front patio with a fire feature for seamless indoor-outdoor flow. A walk-in pantry with elevator access and a spacious garage accommodating up to five vehicles, plus golf cart parking, complete this level. A private elevator connects all four levels. Upstairs, the primary suite features a fireplace, sitting area, and private balcony with sweeping ocean views. The spa-inspired bath includes Calacatta marble, Nero Marquina floors, Dornbracht fixtures, and a steam shower with unobstructed ocean views. A fully built-out closet with in-suite laundry and two additional ensuite bedrooms with a flexible living space complete this level. The lower level offers a multipurpose lounge, temperature-controlled wine cellar, junior primary suite, and a wellness retreat pre-wired for a sauna, along with a powder room and secondary laundry. The rooftop terrace delivers a resort-style experience with a Casa Blui spa, fire feature, pop-up television, covered loggia, and full bath, all set against panoramic ocean views. Featuring eight bathrooms total—six full and two powder rooms—the home is designed for both everyday living and elevated entertaining. Ideally located near China Cove Beach, Pirate’s Cove, Corona del Mar Village, and just minutes from Fashion Island.

Features & Amenities

FeeBuilt 2026

Property Details

Land Type
Fee
Year Built
2026
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
4
Garage Spaces
2
Heating
Central
Cooling
Central Air, Zoned
View
Catalina, City Lights, Coastline, Ocean, Panoramic, Water, White Water
Flooring
Stone, Tile, Wood
City
Corona del Mar
Zip Code
92625
County
Orange
Listed byThe Agency, John Stanaland

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$101,105.60
Principal & Interest
Loan Amount
$15,996,000
Total Interest
$20,402,016
Total Payment Over 30 Years
$36,398,016
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

2516 Ocean Boulevard, Corona del Mar, CA 92625

Corona del Mar · Single Family Residence

$20.00M
Luxury Tier
Beds
5
Baths
8
Sqft
5,000
Lot
3,485 sqft
Year
2026
$/Sqft
$3999
Pool: No✓
Spa: Yes✓
View: city✓
Garage: 2-car✓

Listed 5.2% above the median closed sale of $19,000,000. Price per sqft ($3,999) is a 47% premium to closed comps ($2,719). Closed comps sold at 92% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $20.00M· $3,999/sqft
Total list price
Closed comps
vs closed median $19.00M
+$995K (+5.2%)
Active comps
vs active median $19.50M
+$495K (+2.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $4,293
−$294 (−6.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2804 OceanCorona del Mar2018454,4865,849$4,234$19.00M17074
2323 Bayside DriveCorona del Mar2000676,26210,164$3,114$19.50M7569
809 Via Lido SoudNewport Beach1984564,3053,150$4,762$20.50M4169
615 Lido ParkNewport Beach2024455,0164,966$4,486$22.50M3158
500 Via Lido NordNewport Beach1940543,8004,200$4,868$18.50M651
Total: 5 · Average4.85.44,773.85,665.8$4,292.8$20.00M64.6
Median4,486$19.50M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1409 Dolphin TerraceCorona del Mar199505/08/2026576,76919,625$22.90M$17.75M$2,6220.7814158
1231 DolphinCorona del Mar201408/10/2026476,23214,480$19.00M$19.00M$3,0491.0014554
2200 Pacific DriveCorona del Mar198211/10/2025687,82515,300$23.00M$20.00M$2,5560.873952
237 Evening CanyonCorona del Mar202511/26/2025577,20018,403$17.00M$17.00M$2,3611.00052
812 W Bay AveNewport Beach199001/08/2026796,3197,664$20.00M$19.00M$3,0070.9526541
Total: 5 · Average5.47.66,86915,094.4$18.55M$18.55M$2,719—118
Median6,769$19.00M$19.00M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.