ParkingDoor-Multi, Direct Access, Driveway, Garage, On Street
Attached Garage3 spaces
Year BuiltNew Const., 2024
HeatingForced Air, Zoned
CoolingCentral Air, Zoned, Attic Fan
FireplaceFamily Room
ViewCity Lights, Water
Private PoolYes
MLS #NP24175737
Lot Size0.28 Acres
StatusActive
About 38 Drakes Bay Dr
Welcome to this exquisite new construction home in the prestigious Spyglass Hill of Corona Del Mar. This meticulously crafted residence is a showcase of designer finishes and modern elegance, offering an unparalleled living experience. As you step inside, you'll be greeted by the seamless flow of high-end custom wallpapering and elegant designer touches that define this expansive 5-bedroom, 4.5-bath home. The open-concept living areas are perfect for both grand entertaining and intimate gatherings, with each space thoughtfully curated for luxury and comfort. The indoor-outdoor living experience is exceptional, featuring a stunning space with a sparkling private pool and elegant water features. Relax in the spa or enjoy al fresco dining at the gourmet outdoor kitchen. Motorized rain-sensing patio covers ensure year-round enjoyment, while breathtaking city light views provide a beautiful backdrop to your oasis. Additional highlights include a sophisticated built-in wine storage area, a 3-car garage with an EV charger, and advanced smart home technology operated by Control4, which includes audio/video security for your convenience and peace of mind. The home also features dual-zoned climate control, allowing for customized comfort throughout the residence. A custom security gate encloses a private front entry courtyard, creating an inviting and secure entrance. The home is also equipped with solar panels, enhancing its energy efficiency and sustainability. Perfectly situated, this property is just a short drive from the beautiful beaches of Corona Del Mar and the vibrant Village, known for its excellent shops and dining options. The family-friendly neighborhood of Spyglass Hill is also known for its delightful playgrounds and parks, making it an ideal community for families. This exceptional home is a rare find in one of Corona Del Mar’s most sought-after neighborhoods, combining luxury living with a welcoming and vibrant community.
Property Details
Property Features
Property Information:
Architectural Style: Custom
Year Built: 2024
Stories: 2
Living Area: 3,917 SqFt
Listing Office:
Office Name: EQTY Forbes Global Properties
Office Phone: (949) 375-3764
Listing Agent: Patrick Leeke
Interior Features
Interior Information:
Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Self Cleaning Oven
Interior: Wet Bar, Breakfast Bar, Built-in Features, Balcony, Crown Molding, Separate/Formal Dining Room, High Ceilings, Open Floorplan, Pull Down Attic Stairs, Stone Counters, Recessed Lighting, Smart Home, Wired for Sound, Attic, Bedroom on Main Level, Dressing Area, Primary Suite, Walk-In Closet(s)
Fireplace: Family Room
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 4
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Private Pool: Yes
View: City Lights, Water
Parking Information:
Garage Space: 3 spaces
Attached Garage: Yes
Parking: Door-Multi, Direct Access, Driveway, Garage, On Street
Lot Features
Lot Information:
Lot: Sprinklers
Lot Size: 0.28 Acres
Utilities
Utilities Information:
Heating: Forced Air, Zoned
Cooling: Central Air, Zoned, Attic Fan
School Info
Assigned Schools Information:
Corona Del Mar High School, Public District Grades 7-12
Abraham Lincoln Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: Use GPS
Price Information
Listing Price Info
Price Summary:
List Price: $7,450,000
Price Per SqFt: $1,902/SqFt
HOA Fees:
Amount: $576
Frequency: Quarterly
Tax Information:
Annual Amount: $23,706
Tax Year: 2021
What can I afford?
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Housing Market Comparison
See how this home compares to others in Corona Del Mar, CA.
This property is $3.5M more than the Median Sold Price and $113/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: #NP24175737
Listing Office:
Office Name: EQTY Forbes Global Properties
Office Phone: (949) 375-3764
Listing Agent: Patrick Leeke
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: 11/4/2024, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 27, 2017
Jul 27, 2017Home Sold
$2,175,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
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.
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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.
Elementary School
8
/10
Abraham Lincoln Elementary School
3101 Pacific View Dr
Distance between this listing and this school1.03 miles
Public District Grades KG-6
High School
8
/10
Corona Del Mar High School
2101 Eastbluff Dr
Distance between this listing and this school2.61 miles
Public District Grades 7-12
Assigned Schools
8
/10
Abraham Lincoln Elementary School
3101 Pacific View Dr
Distance between this listing and this school1.03 miles
Public District Grades KG-6
Nearby Schools
8
/10
Newport Coast Elementary School
6655 Ridge Park Rd
Distance between this listing and this school0.99 miles
Public District Grades KG-6
8
/10
Roy O. Andersen Elementary School
1900 Port Seabourne Way
Distance between this listing and this school1.10 miles
Public District Grades KG-6
Nearby Schools
9
/10
Vista Verde
6 Federation Way
Distance between this listing and this school1.60 miles
Public District Grades KG-8
8
/10
Rancho San Joaquin Middle School
4861 Michelson Dr
Distance between this listing and this school4.12 miles
Public District Grades 7-8
8
/10
Horace Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school4.34 miles
Public District Grades 7-8
Assigned Schools
8
/10
Corona Del Mar High School
2101 Eastbluff Dr
Distance between this listing and this school2.61 miles
Public District Grades 7-12
Nearby Schools
9
/10
University High School
4771 Campus Dr
Distance between this listing and this school3.05 miles
Public District Grades 9-12
2
/10
Back Bay High School
390 Monte Vista Ave
Distance between this listing and this school4.12 miles
The neighbors living near this home have an average income of $205,399. Residents of Corona Del Mar, CA typically earn $200k+ each year. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.
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 $7,450,000.
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 are the assigned schools for this property?
The assigned schools for 38 Drakes Bay Dr are: Abraham Lincoln Elementary School: GreatSchools Rating 8/10Corona Del Mar High School: GreatSchools Rating 8/10
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.
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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 September 12, 2024 and is currently priced at $7,450,000.
In October 2024, from all listings sold in Corona Del Mar, CA there were more than 0 sold above asking price, over 10 sold below and more than 2 were sold right at the asked price. In October 2024 in Corona Del Mar, CA there were 3.4% more homes for sale than in September 2024. In October 2024, listings were on the market for 55 days. During the same period, the median list price in this real estate market was $3,897,500.
From Rocket Homes Real Estate and based on county public records data.
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. 
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