1041 Marine Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - bed, 1 bath
1041 Marine Drive
Laguna Beach, California 92651
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Prime Oceanfront Location
Unparalleled direct oceanfront position in North Laguna, a highly coveted and exclusive area.
- Breathtaking Panoramic Views
Offers expansive, unobstructed panoramic views of the coastline, ocean, and water, described as reminiscent of the French Riviera.
CONSRISKS & DEFICIENCIES
- Outdated and Small Existing Structure
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.
- Substantial Additional Investment Required
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.
- Ultra-Luxury Price Point
With a list price of $18.8 million, this property targets an extremely niche ultra-luxury market, significantly limiting the pool of potential buyers.
About 1041 Marine Drive
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 8,500 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 1% |
| Baths | 1.0 | 3.0 | 5% |
| Square foot | 432 | 2,048 | 1% |
| Lot Size | 8,500 | 6,041.5 | 80% |
| Price | $18.80M | $3.06M | 99% |
| Price per sq ft | $43.5K | $1.6K | 99% |
| Built year | 1923 | 1965 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 292 | 202 | 83% |
Pricing History
Listed for Sale
Dec 30, 2025
$18,800,000
Initial Listing
Price Change
May 19, 2025
$18,500,000
Initial Listing