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40
Photos
38 Drakes Bay Drive, Corona Del Mar, CA 92625
$6,997,000 Asking Price
$---/mo Est. Payment Get Prequalified »
5
beds
5
baths
3,917
sqft
Built in
2024
Nestled in the highly coveted Spyglass Hill community, this exceptional property presents a rare opportunity to own a newly crafted, thoughtfully designed home that seamlessly blends modern elegance with unparalleled convenience. With five spacious bedrooms and four-and-a-half bathrooms, this residence offers a luxurious lifestyle that caters to both everyday comfort and high-end entertaining. Upon entering through the custom front gate, you’re welcomed into a sophisticated home where no detail has been overlooked. The main level features two expansive living rooms with backlit wine storage, a wet bar, and La Cantina doors that open to a stunning backyard oasis. The chef-inspired kitchen is equipped with top-of-the-line appliances, while the formal dining area offers the perfect setting for elegant meals. A downstairs en suite bedroom with a private patio completes the lower level. Upstairs, the primary suite is a true retreat, featuring a spacious, beautifully appointed bathroom, a large walk-in closet complete with a center island for additional storage, and a private patio that overlooks the serene surroundings. Three additional bedrooms and two bathrooms, along with a large laundry room and ample storage, complete the second floor. Throughout the home, contemporary finishes, high-end wallpapering, and Restoration Hardware lighting elevate the design, creating a refined and inviting atmosphere. This home is fully equipped with Control4 smart home technology, giving you seamless control over A/V systems, motorized shades, lighting, temperature settings, pool controls, and a state-of-the-art security system. The oversized three-car garage offers custom cabinetry, epoxy flooring, and an EV charger, while solar panels ensure energy efficiency throughout the home. The backyard is an entertainer’s dream, featuring an outdoor kitchen, two fire pits and a saltwater pool and spa is framed by breathtaking panoramic city light views. The outdoor living area is designed for year-round comfort with motorized rain-sensing pergolas and infratech heating, allowing you to enjoy the space in all seasons—whether hosting guests or enjoying quiet relaxation. Conveniently located near the vibrant Corona del Mar Village, this home is just moments from world-class shopping, fine dining, and pristine beaches. With unmatched quality, state-of-the-art features, and an unbeatable location, this Spyglass Hill residence offers the perfect blend of luxury, comfort, and convenience.
Features & Amenities
Interior
- General:
- Wet Bar,Breakfast Bar,Built-in Features,Balcony,Breakfast Area,Separate/Formal Dining Room,Open Floorplan,Pantry,Pull Down Attic Stairs,Recessed Lighting,Smart Home,Sunken Living Room,Bar,All Bedrooms Up,Bedroom on Main Level,Primary Suite,Walk-In Closet(s)
- Appliances:
- Barbecue,Double Oven,Dishwasher,ENERGY STAR Qualified Appliances,ENERGY STAR Qualified Water Heater,Freezer,Gas Cooktop,Disposal,Gas Oven,Gas Water Heater,Microwave,Refrigerator,Range Hood,Self Cleaning Oven,Water Heater,Dryer,Washer
- Laundry:
- Laundry Room,Upper Level
- Flooring:
- Wood
- A/C:
- true, Central Air,Dual,ENERGY STAR Qualified Equipment,High Efficiency,Zoned,Attic Fan
- Heating:
- true, Central,ENERGY STAR Qualified Equipment,Forced Air
- Fireplace:
- Den,Family Room,Gas,Primary Bedroom, Fireplace
- Eco/Green Feature:
- Construction,Doors,HVAC,Insulation,Lighting,Thermostat,Windows,Appliances,Water Heater
Exterior
- General:
- Barbecue,Rain Gutters,Fire Pit, Heated,In Ground,Permits,Private
- Style:
- Contemporary,Custom
- Pool:
- Fenced,Heated,In Ground,Permits,Private,Salt Water
- Parking:
- Door-Multi,Direct Access,Door-Single,Driveway,Electric Vehicle Charging Station(s),Garage Faces Front,Garage,Garage Door Opener,Public,Private,On Street,Storage, Parking spaces: 6
Construction
- Roofing:
- Copper
- Windows:
- Blinds,Double Pane Windows,ENERGY STAR Qualified Windows,Insulated Windows,Screens
- General:
- Copper Plumbing, 2, Slab
Location
- Road/Access:
- Paved
- HOA Amenities:
- Picnic Area,Playground, 685.0, Quarterly
- Originating MLS:
- CRMLS
- School District:
- Newport Mesa Unified
- County:
- Orange
Lot
- Zoning:
- 46105110
- View:
- City Lights,Hills,Reservoir, View
- Fencing:
- Excellent Condition,Privacy,Security,Stucco Wall
Utilities
- Utilities:
- Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, 220 Volts in Garage
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- CRMLS
This listing courtesy of:
Coldwell Banker Realty, Patrick Leeke
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Corona del Mar, CA
Housing
- Number of Units
- 6,389
- Median Home Value
- $1,208,848
- Median Rent
- $2,070
35.33% of housing units are renter occupied.
12.81% are vacant.
Commute
- Car
-
46.70%
- Public Transportation
-
0.00%
- Walk to Work
-
0.70%
- Work from Home
-
52.46%
- Other
-
0.02%
The median travel time to work is 11 minutes.
People
- Population
- 11,606
- Median Age
- 54.50
- Median Household Size
- 2.35
Education
- High School
-
6.68%
- Associate’s Degree
-
6.04%
- Bachelor’s Degree
-
40.15%
- Graduate Degree
-
31.66%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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