ActiveResidential · sale

232 Hazel

Corona Del Mar, CA 92625

$11,500,000

  • 3 beds
  • 4 baths
  • 3,250 sq ft
  • 0.1 acres
  • Built 2015

Listed by Pacific Sotheby's Int'l Realty · MLS #NP26197228

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2015.

Garage parking

2 garage spaces listed.

Property size

0.1 acres listed.

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

THE PROPERTY

Get to know the property.

A singular expression of contemporary architecture, 232 Hazel Drive in Corona del Mar pairs visionary design with breathtaking white water views of Little Corona Beach, Arch Rock, and the natural beauty of Buck Gully. Designed by acclaimed architect Paul McClean, founder of McClean Design. Since its founding in 2000, McClean Design has grown into one of the leading contemporary residential design firms, committed to excellence in modern design, and have earned global recognition for modern residential architecture. Renown design firm Ohara Davies-Gaetano Interiors collaborated on the comprehensive interior design of 232 Hazel, as well as numerous high-end residential residences within the US and abroad. Completed in 2015, the three level home encompasses approximately 3,250 square feet on a coveted 50 foot wide homesite, offering three bedrooms, three and one half baths, and an architectural experience unlike any other. At the heart of the residence, a remarkable floating glass staircase rises through the home as a sculptural centerpiece. Inside, soaring proportions and walls of glass draw the coastline into nearly every moment. The great room unfolds beneath approximately 16 foot ceilings, while expansive Fleetwood sliding glass doors and windows frame panoramic ocean and canyon vistas and fill the interiors with natural light. Gascogne Blue limestone flooring, rift cut oak doors and ceilings, imported cabinetry, and beautifully considered architectural details create a refined material palette that feels at once warm, sophisticated, and distinctly modern. The kitchen is equally impressive, centered around an oversized island with Caesarstone quartz countertops, custom cabinetry crafted in Germany, Thermador appliances, and a wine cooler. A dedicated media room and versatile bonus space offer additional opportunities for entertaining and retreat, while an entire level devoted to the primary suite creates an exceptional sense of privacy. Crestron lighting, integrated audio and video, and thoughtfully concealed technology further elevate the experience, allowing the architecture and remarkable surroundings to remain the focus. Moments from Little Corona Beach and ideally positioned near the celebrated restaurants, boutiques, and coastal charm of Corona del Mar Village, 232 Hazel Drive is both an architectural statement and an extraordinary expression of life by the sea.

THE NEIGHBORHOOD

Explore the location.

232 Hazel, Corona Del Mar, CA 92625

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2015
Full baths
3
Half baths
1
Garage spaces
2
Cooling
CentralAir
Heating
Central
Appliances
ConvectionOven,Dishwasher,ElectricRange,Freezer,Microwave,Refrigerator,WaterPurifier,Dryer,Washer
Flooring
Stone
Utilities
ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Fencing
Wood
Pool
No
Pool features
None
Spa
Yes
Subdivision
Corona del Mar South of PCH (CDMS)
Parcel
05218210
HOA fee
$0.00

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$47,916.67
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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232 Hazel, Corona Del Mar, CA 92625 · MLS #NP26197228

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Listing information

MLS #NP26197228 · California Regional MLS

Listing brokerage: Pacific Sotheby's Int'l Realty
Listing agent: Andre White

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.