1 month on rocket

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

$6,997,000

5 Bedrooms
4 Full Baths, 1 Partial
3,917 SqFt
$1,786/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Direct Access, Door-Single, Driveway, Electric Vehicle Charging Station(s), Garage Faces Front, Garage, Garage Door Opener, Public, Private, On Street, Storage
Attached Garage3 spaces
Year BuiltNew Const., 2024
HeatingCentral, ENERGY STAR Qualified Equipment, Forced Air
CoolingCentral Air, Dual, ENERGY STAR Qualified Equipment, Other, Zoned, Attic Fan
FireplaceDen, Family Room, Gas, Primary Bedroom
ViewCity Lights, Hills, Water
Private PoolYes
MLS #NP24244618
Lot Size0.28 Acres
StatusActive

About 38 Drakes Bay Dr

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary, Custom
  • Year Built: 2024
  • Stories: 2
  • Living Area: 3,917 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (949) 375-3764
  • Listing Agent: Patrick Leeke

Interior Features

Interior Information:

  • Appliances: 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
  • Flooring Type: Wood
  • Interior: 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)
  • Fireplace: Den, Family Room, Gas, Primary Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: City Lights, Hills, Water
  • Exterior: Barbecue, Rain Gutters, Fire Pit

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • 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

Lot Features

Lot Information:

  • Lot: Back Yard, Irrigation System, Front Yard, Sprinklers In Rear, Sprinklers In Front, Landscaped, Sprinklers
  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Central, ENERGY STAR Qualified Equipment, Forced Air
  • Cooling: Central Air, Dual, ENERGY STAR Qualified Equipment, Other, Zoned, Attic Fan

Other

Directions Information:

  • Directions: Spyglass Hill Road to El Capitan,

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,997,000
  • Price Per SqFt: $1,786/SqFt

HOA Fees:

  • Amount: $685
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $23,706
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Corona Del Mar, CA.

Med. Sold Price

$3.9M

Med. Price/SqFt

$1,781

Avg. Days On Market

62

# of Sold Homes

13

38 Drakes Bay Dr vs Corona Del Mar

30 DAYS ON ROCKET

-32 Days

$6,997,000

+$3.0M More

$1,786/SqFt

+$5 More

KEY TAKEAWAY

This property is $3.0M more than the Median Sold Price and $5/SqFt more than other homes in Corona Del Mar, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #NP24244618

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (949) 375-3764
  • Listing Agent: Patrick Leeke

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/5/2025, 11:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 27, 2017Home Sold
$2,175,000

Tax History

YEARPROP. TAXASSESSMENT
2021$23,706$2,286,313
2020$23,465$2,262,870
2019$22,547$2,218,500
2018$22,548$2,175,000
2017$3,468$305,134

History based on county public records data.

Payment Calculator

$35.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$21K

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-470686
8
/10
  • Newport Coast Elementary School

  • 6655 Ridge Park Rd

  • 0.98 miles

  • Public District Grades KG-6

school-card-donut-470687
8
/10
  • Lincoln Elementary School

  • 3101 Pacific View Dr

  • 1.08 miles

  • Public District Grades KG-6

school-card-donut-470688
8
/10
  • Andersen Elementary School

  • 1900 Port Seabourne Way

  • 1.10 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $205,399. The most common annual income of people living in Corona Del Mar, CA is $200k+. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 38 Drakes Bay Dr

What is the listing price of this property?

The listing price of 38 Drakes Bay Dr property is $6,997,000.

What type of property is this?

The property 38 Drakes Bay Dr is a house located in Corona Del Mar, California, 92625.

Is this property for sale now?

Active Listing: 38 Drakes Bay Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $23,706 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 27, 2017 for $2,175,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 38 Drakes Bay Dr has 5 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 38 Drakes Bay Dr is 3,917 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 38 Drakes Bay Dr is 2024.
Rocket Homes logo

Interested in 38 Drakes Bay Dr? Let's connect.

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.


Rocket HomesCaliforniaOrange CountyCorona Del Mar9262538 Drakes Bay Dr

This home is located at 38 Drakes Bay Dr in Corona Del Mar, CA and zip code 92625 in the Spyglass Hill neighborhood. This 3,917 square foot home, which was built in 2024, sits on a 0.28 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since December 05, 2024 and is currently priced at $6,997,000.

Over 0 listings were sold over their listed price in December 2024 in Corona Del Mar, CA. In the same period over 13 listings were sold below the listed price and 0 listings were sold for the listed price. The inventory of homes for sale in Corona Del Mar, CA between November 2024 and December 2024 increased by 7.1%. The median list price of listings available in December 2024 was $3,900,000, while the average time on the real estate market was 62 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources