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448 Serra Drive, Corona del Mar, CA 92625

$8.49M4bd · 5ba · 4,235 sqft
Lot 6,500 sqft•HOA $385/mo•Single Family Residence•
Active
•83d on market•MLS# OC-26158887

Property Description

Perched to capture breathtaking Pacific Ocean, Catalina Island, and sunset views, this newer built soft contemporary residence offers approximately 4,300 square feet of thoughtfully designed living space, complemented by over 1,160 square feet of covered, heated decks and balconies that embrace Southern California's indoor-outdoor lifestyle. Privileged with private Third Beach access through the HOA, the home blends exceptional craftsmanship with an open-concept floor plan, soaring ceilings, wide-plank European hardwood floors, and lush tropical landscaping. The expansive great room centers around a dramatic fireplace and flows into a chef's kitchen featuring an oversized island and premium Thermador appliances. All four bedrooms are en suite, including a spectacular ocean-view primary suite with fireplace, spa-inspired bath, freestanding soaking tub, oversized walk-in shower, and generous walk-in closet, while a secondary primary suite is conveniently located on the main level. Additional highlights include a media/game room with a custom bar, built-in audio, home security, central vacuum, two Rinnai tankless water heaters, abundant storage, and a finished three-car garage with epoxy floors. Designed by renowned architect Mark Teale and expertly built by The Nicholson Companies, this is a rare opportunity to own a newly completed coastal masterpiece in one of the area's most coveted seaside locations.

Features & Amenities

FeeBuilt 2017

Property Details

Land Type
Fee
Year Built
2017
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
3
Garage Spaces
3
Heating
Central, Fireplace(s)
Cooling
Central Air, Dual
View
Canyon, Catalina, City Lights, Coastline, Harbor, Marina, Ocean, Water
Flooring
Wood
Roof
Metal, Flat
City
Corona del Mar
Zip Code
92625
County
Orange
Listed byUnknown Office, Keven Stirdivant

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$42,955.34
Principal & Interest
Loan Amount
$6,796,000
Total Interest
$8,667,923
Total Payment Over 30 Years
$15,463,923
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

448 Serra Drive, Corona del Mar, CA 92625

Corona del Mar · Single Family Residence

$8.49M
Luxury Tier
Beds
4
Baths
5
Sqft
4,235
Lot
6,500 sqft
Year
2017
$/Sqft
$2006
Pool: No✓
Spa: No✓
View: city✓
Garage: 3-car✓

Listed in line with the median closed sale of $8,250,000. Price per sqft ($2,006) is a 18% discount to closed comps ($2,452). Closed comps sold at 94% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $8.49M· $2,006/sqft
Total list price
Closed comps
vs closed median $8.25M
+$245K (+3.0%)
Active comps
vs active median $12.99M
−$4.50M (−34.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,994
−$988 (−33.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
310 MarigoldCorona del Mar2027554,5025,310$2,886$12.99M17990
2804 OceanCorona del Mar2018454,4865,849$4,234$19.00M14887
1001 Tiller WayCorona del Mar2026544,3889,856$2,961$12.99M2582
2800 Ocean BoulevardCorona del Mar1987444,7706,240$3,144$14.99M20980
304 MarigoldCorona del Mar1992554,0085,310$1,745$7.00M22980
Total: 5 · Average4.64.64,430.86,513$2,994$13.39M158
Median4,486$12.99M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2727 Ocean BoulevardCorona del Mar195605/18/2026453,6846,240$8.99M$8.17M$2,2180.9110083
2519 Harbor View DriveCorona del Mar202608/20/2026564,5278,886$13.99M$13.99M$3,0911.005181
600 RamonaCorona del Mar199707/10/2026343,8308,634$9.50M$8.25M$2,1540.879074
2212 Pacific DriveCorona del Mar202606/17/2026584,6004,729$6.70M$6.62M$1,4390.999974
53 Cambria DriveCorona del Mar202606/05/2026454,01912,850$14.35M$13.50M$3,3590.945171
Total: 5 · Average4.25.64,1328,267.8$10.11M$10.11M$2,452.2—78.2
Median4,019$8.25M$8.25M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.