See Home Value
$6,900,000
● House - Off Market

55 Montecito

Corona Del Mar, CA 92625
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,970 Ft²
$37,512
Est. Monthly
$685
HOA / Fees

About This Property

Perched high within the prestigious enclave of Spyglass Hill, 55 Montecito presents a rare opportunity to experience sweeping panoramic views that stretch across the Pacific Ocean, Catalina Island, Newport Harbor, sparkling city lights, unforgettable sunsets, and seasonal fireworks. Behind private gates, this exceptional estate offers resort-inspired living in one of Corona del Mar's most coveted neighborhoods.

A lush tropical setting welcomes you home with mature landscaping, cascading waterfalls, a sparkling pool and spa, generous outdoor entertaining spaces, and an additional private spa and fire pit overlooking the spectacular backdrop. Inside, a dramatic two-story foyer, soaring ceilings, sweeping staircase, and walls of French doors create a grand first impression while seamlessly connecting the elegant interiors with the breathtaking outdoor setting.

Designed for both everyday comfort and effortless entertaining, the expansive floor plan offers five bedrooms, five-and-one-half bathrooms, and multiple flexible living spaces. Upstairs, the spacious primary suite captures magnificent ocean and harbor views from its private balcony and is complemented by a secondary en-suite bedroom and an expansive den, each enhanced by fireplaces and access to viewing balconies. The main level features an additional en-suite bedroom with patio access, two secondary bedrooms-including one with a private entrance and en-suite bath-a library, large laundry room, powder bath, and a versatile bonus room ideal for a gym, media room, or playroom.

The chef's kitchen is equipped with Sub-Zero refrigeration, quality appliances, abundant custom cabinetry, and a generous breakfast bar that opens to the inviting family room with fireplace and casual dining area-all positioned to enjoy the remarkable views. Formal living and dining rooms provide elegant spaces for entertaining, complete with a fireplace, built-in bar, and seamless indoor-outdoor flow.

While the residence presents an opportunity for thoughtful updating, its exceptional setting, generous scale, timeless architecture, and truly unmatched panoramic views create an extraordinary canvas for those seeking one of Spyglass Hill's premier locations. Properties offering this combination of privacy, views, and potential are exceptionally rare, making 55 Montecito an outstanding opportunity to reimagine a remarkable coastal estate.
Unit Size
4,970 Ft²
Days on Market
74 days
Land Size
0.30 acres
Price per sqft
$1,509
Property Type
House
Property Taxes
-
HOA Dues
$685
Year Built
1995

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Last updated: 6 days ago (CRMLS #OC26168723)

Price History

Date / Event Date Event Price
Oct 19, 2026 Sold
Sold
Sep 19, 2026 In contract -
In contract
Sep 10, 2026 Price Decreased $7,500,000
↓ $450K (5.7%)
Price Decreased
Sep 2, 2026 Relisted $7,950,000
Relisted
Aug 29, 2026 In contract -
In contract
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Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 570
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 2
  • Location Influence Type: 255

    Dimensions

  • Lot Size Square Feet: 13,160
  • Total Building Area: 4,970
  • Gross Building Area: 4,970
  • Building Area: 4,970
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 4,970
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 7944
  • Land Acres: 0000000302
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • Legal Description 1: N TR 7844 BLK LOT 58

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 062645

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 32-D6
  • Subdivision Tract Number: 7844
  • Parcel: 461-012-14
  • Lot: 58
  • Latitude: 33.6097
  • Longitude: -117.847

    Address

  • Full Address: 55 Montecito Dr
  • Address - House Number: 55
  • Address - Street Name: Montecito
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Corona Del Mar
  • Carrier Code: C012
  • 4-Digit Zip Code: 1018
  • Zip Code: 92625

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,564,208
  • Tax Rate Code Area: 07-092

    Appraisal Valuation

  • Standard Deviation: 0.2035
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 72
  • Final Value: 5,114,194
  • High Value: 6,154,949
  • Low Value: 4,073,438

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,317,660
  • Assessed Land Value: $3,530,292
  • Assessed Improvements Value: $787,368

    Sales

  • Current Sale Contract Date: Aug 04, 2020
  • Current Sale Recording Date: Aug 05, 2020
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2020000383594
  • Previous Sale Recording Date: Mar 13, 2008
  • Previous Sale Contract Date: Feb 12, 2008
  • Previous Sale Amount: $3,257,000
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 55 Montecito Drive built and last sold?
The property at 55 Montecito Drive was built in 1995 and last sold on Aug 4, 2020 for $4,150,000.
How much is this home worth?
The estimated value of the home located at 55 Montecito Drive is $8,222,853.
What are some comparable homes to 55 Montecito Drive?
There are currently no comparable homes to 55 Montecito Drive.

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