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Perched in prestigious Spyglass Hill, 38 Drakes Bay Dr is a masterclass in design, craftsmanship, and modern luxury. Framed by breathtaking panoramic views of city lights and snow-capped mountains, this newly rebuilt home delivers an unparalleled living experience, where architecture, functionality, and innovation converge in perfect harmony. Designed with no expense spared, the home was thoughtfully overbuilt as a forever retreat. The result is a resort-style sanctuary, offering seamless indoor-outdoor flow, impeccable fit & finish, & smart home tech. Upon entry, expansive walls of glass and oversized windows bathe the home in natural light, highlighting a timeless material palette and flawless craftsmanship. The family room flows into the chef’s kitchen, featuring bar seating, top-tier appliances, and a breakfast nook that extends to both the dining room and outdoor dining with fire-lit lounges. The dedicated dining room opens to an outdoor lounge and kitchen, perfect for hosting year-round with motorized rain-sensing pergolas and Infratech heating. The formal living/entertainment room is a showpiece, featuring a wine wall, wet bar, and La Cantina pocketing doors that erase the boundary between indoor and resort-caliber outdoor living. A generous outdoor oasis wraps the rear of the property, designed for daily relaxation and large-scale entertaining. The saltwater pool and spa, multiple covered dining and lounge areas, outdoor kitchen, and fire features set against spectacular views create the ultimate retreat. Meticulously manicured landscaping and lighting complete the space and bring the home to life. A main-floor en-suite bedroom with a private Zen patio offers flexibility as a guest retreat or home office. Upstairs, the primary suite is an experience unto itself, featuring a cozy fireplace, spa-like bath with floating tub, walk-in shower, dual vanities, and makeup station. An oversized walk-in closet with island and a panoramic view balcony make this retreat truly exceptional. A junior primary/in-law suite, two secondary bedrooms, and a dedicated laundry room complete the upper level. Equipped with Control4 smart home automation, an oversized three-car garage with EV charger, and solar panels, the home is both intelligent and efficient. Moments from the CdM Village, world-class resorts, shopping, dining, and beaches, 38 Drakes Bay Dr offers an unmatched blend of lifestyle, luxury, and breathtaking beauty—all at incredible value.
Listing agent: Paul Daftarian DRE #01317949 paul@daftariangroup.com, Listing office: Luxe Real Estate
MLS data updated 11/4/2026, 7:16:04 AM PT
Source: CRMLS, MLS #: OC25021168
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Apr 28, 2025
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$6,800,000Closed sale · Apr 28, 2025ZIP 92625 · Apr 2025
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.