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$8,495,000
4 Beds 5 Baths OC26158887 MLS Active Status
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.

448 Serra Drive, Corona Del Mar

$2,395,000
PW26053645 MLS Active Status
SELLER BUYDOWN AVAILABLE: Seller is offering buyer financing incentives, including interest-rate buydown options, subject to buyer qualification and lender approval. Terms and seller contribution to be negotiated with offer. 3215 S El Camino Real presents a rare coastal investment opportunity consisting of a BRAND NEW construction with a total of 4-bedroom, 3.5-baths. A 3-bedroom/2.5-bath single-family residence with 12-foot ceilings and a detached 1-bedroom, 1-bath ADU in one of the most desirable neighborhoods. Both residences feature modern construction, open layouts, and rooftop decks with ocean views, creating strong rental appeal in a market where contemporary inventory is extremely limited. Located within the STLU zone which allows for short-term rentals, the detached ADU provides a separate income stream with detached units, a highly desirable configuration for tenants and owner-users alike. Seller financing available for qualified buyers (Terms Negotiable). Based on comparable units next door, the pro-forma rental income is estimated at $6,250/month for the main residence and $3,200/month for the detached ADU, for a total projected gross income of $9,450/month ($113,400 annually) (buyer to verify). Using an estimated 30% operating expense ratio, the property produces a projected net operating income of approximately $79,380, resulting in an estimated 3.3% cap rate at the $2,395,000 asking price. The property offers the flexibility of owner-occupancy with rental income or a long-term investment in a high demand coastal rental market. Located minutes from the world-famous surf, San Clemente Municipal Golf Course, scenic hiking trails, and convenient access to the 5 Freeway, the property combines coastal lifestyle with stable long-term rental demand. A unique opportunity to acquire a newly built coastal asset with dual income potential in a predominantly single-family neighborhood.

3215 S El Camino Real, San Clemente

$2,395,000
4 Beds 4 Baths PW26008710 MLS Active Status
SELLER BUYDOWN AVAILABLE: Seller is offering buyer financing incentives, including interest-rate buydown options, subject to buyer qualification and lender approval. Terms and seller contribution to be negotiated with offer. Welcome to 3215 S El Camino Real, a stunning brand-new construction coastal residence & detached ADU, situated in one of San Clemente’s most desirable neighborhoods largely made up of single-family homes. The main home features a thoughtfully designed 3-bedroom, 2.5-bath floor plan filled with natural light, modern finishes, bedroom balconies, solar panels, and seamless indoor-outdoor flow. Enjoy elevated living with a private rooftop deck showcasing ocean views, perfect for sunsets and entertaining. The home is complemented by a private, beautifully landscaped yard, creating an ideal space for relaxation and everyday enjoyment. Adding exceptional value is a detached, newly constructed 1-bedroom, 1-bath ADU, complete with its own rooftop deck and ocean views. This versatile space presents a rare opportunity to offset ownership costs with rental income or host guests, all while maintaining privacy between residences. Located just minutes from the beach, San Clemente Municipal Golf Course, scenic hiking trails, and offering convenient access to the 5 Freeway, this property blends coastal lifestyle, modern design, and long-term investment potential. Seller financing available for qualified buyers (Terms Negotiable). Identical units in property next door rent at $6,250/month for the main residence and $3,200/month for the detached ADU (buyer to verify). This brings the proforma cap rate of this property to 3%. A rare opportunity to own a turnkey coastal home & ADU with income flexibility in the heart of San Clemente.

3215 S El Camino Real, San Clemente

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.