$6,997,000
For Sale

38 Drakes Bay Drive

Corona del Mar, CA 92625
3917 sqft | 5 beds | 4.5 baths | 0.28 acres | #NP24244618
Listing OfficeColdwell Banker Realty
Browse 40 photos
Type:Purchase
Structure:House
Zone:Residential

Description

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 infrared 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
      • InteriorWetBar, BreakfastBar, BuiltInFeatures, Balcony, BreakfastArea, SeparateFormalDiningRoom, OpenFloorplan, Pantry, PullDownAtticStairs, Rece
      • Lot DescriptionZeroToOneUnitAcre, BackYard, DripIrrigationBubblers, FrontYard, SprinklersInRear, SprinklersInFront, Landscaped, NearPark, SprinklersTim
      • Utility FeaturesCableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
      • Exterior MaterialsBarbecue, RainGutters, FirePit
      • ViewCityLights, Hills, Reservoir
      • Property SubtypeSingleFamilyResidence
      • SubdivisionSpyglass Hill (SPYH)
      • School DistrictNewport Mesa Unified
      • Sewer InformationPublicSewer
      • Original List Price$6,997,000
      • MLS #NP24244618
      • MLS #NP24244618
      • Property TypePurchase
      • Cost6997000
      • Acres0.2847
      • Utility SourcePublic
      • CountyOrange
      • Structure TypeHouse
      • Square Feet3917
      • Year Built2024
      • FoundationSlab
      • Bathrooms4.5
      • Hoa Fees685
      • Bedrooms5
      • Full Baths4
      • Half Baths1
      • Stories2
      • Parking Spaces3

Location

Susannah HogentoglerReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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