$7,999,000

Welcome to 1 Jade, Corona del Mar - a rare opportunity in the prestigious Spyglass Hill community, renowned for its elevated setting, oversized lots, and breathtaking panoramic views. Situated on a prime corner parcel of nearly half an acre at the end of a quiet cul-de-sac, this exceptional property captures sweeping vistas of the Pacific Ocean, Catalina Island, Newport Harbor, Palos Verdes, and dazzling year-round sunsets. The topography and positioning offer a truly commanding coastal perspective rarely available in Corona del Mar. Behind private gates, the existing single-level residence is beautifully remodeled and luxuriously move-in ready. Designed for effortless indoor-outdoor living, the home features an open layout, high ceilings, expansive windows, and seamless flow to outdoor entertaining areas. The sun-drenched pool and spa, generous patio spaces, and lush landscaping create a private resort-like setting framed by panoramic ocean views. A gourmet kitchen with premium appliances, spacious living areas, fireplaces, and a three-car garage complete the home’s comfortable and refined interior. Whether as a primary residence, coastal retreat, or investment property, the current home offers immediate enjoyment, future owner may choose to occupy or lease the property while preparing for redevelopment. What truly sets this offering apart is the extraordinary future potential. The seller has invested over $400K in fully designed architectural plans and pending city approvals for a stunning new modern residence. The approved plans showcase striking contemporary architecture with 10-foot ceiling heights on both levels and a total building area of approximately 5,294 square feet, including a three-car garage, sparkling pool and spa. The purchase includes complete plans and city approvals, allowing the next owner to move forward with construction efficiently while maximizing the site’s sweeping ocean views. This is a rare chance to own one of Spyglass Hill’s premier view properties — enjoy a luxurious move-in-ready home today while holding an approved vision for a spectacular custom estate tomorrow.