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Corona del Mar Sees Brisk $10M+ Sales Activity

A 5,300-square-foot Corona del Mar home overlooking the Newport Beach Harbor has traded hands for $15 million, continuing a string of top-dollar deals this year for the seaside community.

The Brion Jeannette-designed home at 215 Carnation Ave., near China Cove Beach, counts three bedrooms and five bathrooms along the harbor.

It’s the second Carnation Avenue home to trade above $15 million this year, and is the fourth to trade above that price point in Corona del Mar during the same time frame.

In the past three months, 11 Corona del Mar homes have traded over the $8 million mark for a total sales volume of nearly $141 million.

Janelle File of Compass represented the undisclosed buyer in the sale of 215 Carnation along with Brandon Goethals.

Tim Smith of Coldwell Banker Realty represented the undisclosed seller.

Carnation Activity 

The home was built in 2005 and last sold in 2008 for $10.3 million, records indicate.  

It includes 60 feet of frontage, a separate en-suite guest room, covered patio, rooftop deck and a four-car garage.

Down the street, a 5,000-square-foot home at 301 Carnation Ave. sold at the start of last month for nearly $15.4 million.

Coldwell’s Casey Lesher had the listing; Adrienne Brandes of Surterre Properties represented the buyer for that deal.

CdM Dealmaking 

Two additional Corona del Mar homes sold last month for $17.5 million each, marking the priciest deals year to date in the seaside neighborhood.

Smith represented both ends of the sale for 1100 Ebbtide Road, an 8,147-square-foot home in the Harbor View Hills community. The four-bedroom home was built in 2003 and more recently renovated by architect Bob White and Spinnaker Development.

Compass’ Rob Giem represented both sides of the sale of 219 Evening Canyon Road, a 9,520-square-foot property within walking distance of the village of Corona del Mar. The five-bedroom home was also built in 2003.

It sold last June for nearly $13.9 million; the new $17.5 million price represents a 26% premium from less than a year ago.

 

For Sale 

There are about a dozen active luxury listings in Corona del Mar for homes priced above $10 million.

The priciest of which is 4541 Brighton Road, a 7,000-square-foot Cameo Shores home that counts a $35 million price tag.

Adrienne Brandes of Surterre Properties has the listing for the five-bedroom, six-bath home, which was built in 2018 and is located on a nearly half-acre lot.

Cameo Shores and Cameo Highlands count some of the newest batches of homes along the coast in OC. As such, those neighborhoods typically generate higher price tags.

An under-construction, 9,129-square-foot Cameo Shores home is on the market for almost $26 million; that home is slated to deliver this summer. 

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