1409 Dolphin Ter, Corona del Mar, California, United States

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Home For Sale

$13,995,000

1409 Dolphin Ter
Corona del Mar, California, United States

5bd 6ba

Listed By: Realtyww Info

Listed On: 06/06/2023

Listing ID: GL10228662 View More Details

Description

NOW OFFERED AT LOT VALUE. Build your dream home or Renovate and Expand the current modern contemporary residence. Either way, enjoy spectacular and unobstructed ocean, harbor, Catalina Island, sunset and city lights views from almost every room. Perched high on the bluff in Irvine Terrace, this is the widest (~126' SqFt) and largest (~20, 000 SqFt) lot on the front-row street of Dolphin Terrace, and is more than double the width of many view lots in the neighborhood. Currently configured as a 4 bedroom, 6 bath home, the gym has a private full bath and large closet and could be utilized as a 5th bedroom. The primary suite and one additional bedroom suite are located on the main floor for easy single-level living, if desired. The property also offers large living and dining areas and an open kitchen / great room; all with floor-to-ceiling walls of glass and numerous skylights. Additionally, there are two offices, a bonus room with bar, and a spacious laundry room. On top of approximately 6, 100 SqFt of living space (potentially Expandable to ~8, 000 SqFt), there is nearly 1, 250 SqFt of additional interior walk-in storage space. An expansive 3-car garage with high ceilings that may accommodate car lifts and a separate workshop rounds-out this offering. As for the exterior amenities, there is a private, gated entry courtyard with a 50' lap pool, three view decks, an ocean view spa, covered loggia and a grassy back yard. The slope of the bluff is conveniently terraced with thoughtfully placed walkways and seating areas throughout the beautiful gardens that meander all the way down to Bayside Drive. With proper vision and execution, this New Build or Renovation project has the potential to be a true trophy property within the Corona del Mar community. There is also a possibility that the current lot may be able to be split into 2 lots. While the property possesses the basic City parameters necessary for this to take place, the process would also entail getting approval for a change to the General City Plan, as well as getting an Amendment to the Irvine Terrace CCandRs approved, among other things, which could take 6 months to 1 year or longer to go through the process, and it is not guaranteed to be successful. The Exhibits shown here are purely Exploratory and HAVE NOT BEEN APPROVED.

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Listed by: Compass