1041 Marine Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 0 bed, 1 bath
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Laguna Beach, California 92651
Analysis of 1041 Marine Drive, Laguna Beach, California 92651 is currently available with a list price of $18,800,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Laguna Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property features a 1923-built, 432 sq ft 'century-old seaside cottage' which the listing explicitly states is 'ideal to enjoy while planning your own oceanfront retreat' and is 'likely a tear-down or requires extensive, costly renovation.' Given its age, small size, and the clear implication that the value lies in the land and its development potential rather than the existing structure, it fits the 'tear-down' criteria perfectly. No interior images are provided, but the description strongly suggests the existing structure is unlivable by modern standards or requires complete replacement.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8500, living area = 432.
Unparalleled direct oceanfront position in North Laguna, a highly coveted and exclusive area.
Offers expansive, unobstructed panoramic views of the coastline, ocean, and water, described as reminiscent of the French Riviera.
The current 432 sq ft, century-old cottage (built 1923) is extremely small and dated, indicating it's likely a tear-down or requires extensive, costly renovation.
The property's value is primarily in the land and location, necessitating significant further investment for construction or a complete rebuild to realize its full potential as a luxury oceanfront home.
With a list price of $18.8 million, this property targets an extremely niche ultra-luxury market, significantly limiting the pool of potential buyers.
Experience breathtaking oceanfront living at 1041 Marine Drive in North Laguna. Set on a rare, oversized lot with a gentle slope and desirable southeast orientation, this property offers panoramic views of the coastline reminiscent of the French Riviera. By day, enjoy endless ocean vistas; by night, the coastline sparkles with lights. A private staircase leads directly to Shaws Cove, one of Laguna Beach's most beautiful and swimmable beaches. Included is a charming 432 sq ft century-old seaside cottage ideal to enjoy while planning your own oceanfront retreat. Surrounded by lush, garden-like landscaping and wide lawns, the setting is peaceful and private, with only the sound of the waves as your backdrop. The only property of its kind, this is a rare opportunity to build on one of Laguna's most coveted streets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 432 | 2,107 | 2% |
| Lot Size | 8,500 | 6,003 | 77% |
| Price | $18.80M | $3.10M | 98% |
| Price per sq ft | $43.5K | $1.6K | 99% |
| Built year | 1923 | 1964 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 338 | 183 | 89% |
Dec 30, 2025
$18,800,000
Initial Listing
May 19, 2025
$18,500,000
Initial Listing