ActiveResidential · sale

262 Morning Canyon Road

Corona Del Mar, CA 92625

$14,750,000

  • 4 beds
  • 5 baths
  • 4,511 sq ft
  • 0.26 acres
  • Built 2008

Listed by Coldwell Banker Realty · MLS #NP26078989

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2008.

Garage parking

2 garage spaces listed.

Property size

0.26 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Elevated above Morning Canyon in Shore Cliffs this reimagined threelevel coastal residencecrafted by RDM General Contractors with interiors by Courtney Lawrence Ziethingunfolds with sweeping Pacific Ocean views against a layered canyon backdrop Spanning approximately 4511 square feet the home offers four bedrooms and fourandonehalf bathrooms thoughtfully redesigned with a refined architectural sensibility that balances clean lines with a warm organic material paletteDefined by exposed reclaimed wood beams and an effortless indooroutdoor connection the main living areas feature expansive sliding glass doors that open to multiple terraces capturing layered canyon greenery with ocean views beyond The kitchen is centered around a large stone island with an integrated dining ledge and appointed with a custom range hood premium appliances and a glassfront refrigerator From here the space transitions seamlessly into the dining area and fireplacewarmed living room while a mainlevel bedroom with an attached full bath offers thoughtful flexibility for guests A glassenclosed bonus room or office with builtin floating cabinetry adds versatility and intentional designConnecting the homes levels a striking ironandglass staircase leads to the lower floor where two bedrooms a full bath and a secondary living area create an ideal setting for guests or everyday living Sliding doors open to an outdoor deck with a fire pit offering a private and inviting space for entertaining against the canyon backdropPrivately situated on the upper level the primary suite is a true retreat defined by natural light and expansive vistas French doors open to a private balcony with breathtaking ocean and canyon views while the spainspired bath features a dedicated vanity area dual sinks and a walkin shower all finished with elevated designforward detailsCompleting the offering a finished detached twocar garage features custom builtin cabinetry with three washers and three dryers providing added convenience across the homes threelevel layoutPositioned above Morning Canyon the property enjoys a rare combination of privacy greenery and coastal outlooks just moments from Shore Cliffs private beach access and Orange Countys premier dining and shoppingWarm architectural and thoughtfully curatedthis is coastal living defined by privacy views and design integrity

THE NEIGHBORHOOD

Explore the location.

262 Morning Canyon Road, Corona Del Mar, CA 92625

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2008
Full baths
4
Half baths
1
Garage spaces
2
Cooling
CentralAir
Appliances
Freezer,Refrigerator,RangeHood
Flooring
Wood
Pool
No
Pool features
None
Spa
No
Subdivision
Shore Cliffs (SHOR)
Parcel
05220311
HOA
Shore Cliffs
HOA amenities
Management
HOA fee frequency
Annually
HOA fee
$1,080.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$61,458.33
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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262 Morning Canyon Road, Corona Del Mar, CA 92625 · MLS #NP26078989

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More in Corona Del Mar.

Listing information

MLS #NP26078989 · California Regional MLS

Listing brokerage: Coldwell Banker Realty
Listing agent: Tim Smith

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.