1041 Marine Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - bed, 1 bath
ACTIVE$18,800,000
1041 Marine Drive, Laguna Beach, California 92651
0Bed
1Bath
432Sqft
8,500Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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.
Top Cons:
Outdated Existing Structure: The current 432 sq ft, century-old cottage (built 1923) is not suitable as a luxury residence and implies a likely tear-down or extensive redevelopment, rather than a move-in ready home.
Compared to the nearby listings
Price:$18.80M vs avg $3.12M (+$15,675,000)98%
Size:432 sqft vs avg 2,015.5 sqft1%
Price/sqft:$43.5K vs avg $1.6K99%
More Insights
Built in 1923 (102 years old).
Condition: The property features a 1923-built, 432 sq ft 'century-old seaside cottage.' The listing description and property analysis explicitly state that the existing structure is 'not suitable as a luxury residence' and implies a 'tear-down or extensive redevelopment.' The value is solely in the rare oceanfront land and the opportunity to build a new custom estate. There are no interior images, but given the age and context, the kitchen and bathroom are undoubtedly outdated and require complete replacement, aligning with the criteria for a tear-down property where the structure is beyond repair and value is based on the land.
Year Built
1923
Close
-
List price
$18.8M
Original List price
$18.5M
Price/Sqft
$43,519
HOA
-
Days on market
-
Sold On
-
MLS number
NP25099973
Home ConditionTear down
Features
Excellent View: Coastline, Ocean, Water
Patio
ViewCoastline, Ocean, Water
About this home
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.
Condition Rating
Tear down
The property features a 1923-built, 432 sq ft 'century-old seaside cottage.' The listing description and property analysis explicitly state that the existing structure is 'not suitable as a luxury residence' and implies a 'tear-down or extensive redevelopment.' The value is solely in the rare oceanfront land and the opportunity to build a new custom estate. There are no interior images, but given the age and context, the kitchen and bathroom are undoubtedly outdated and require complete replacement, aligning with the criteria for a tear-down property where the structure is beyond repair and value is based on the land.
Pros & Cons
Pros
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.
Unparalleled Oceanfront Location: Direct oceanfront property in North Laguna, offering breathtaking panoramic views of the coastline and ocean, reminiscent of the French Riviera.
Exclusive Beach Access: Features a private staircase providing direct access to the highly desirable and swimmable Shaws Cove beach.
Exceptional Development Opportunity: Situated on a rare, oversized lot with a gentle slope and desirable southeast orientation, presenting a prime opportunity to build a custom luxury estate on a coveted street.
Secluded & Private Setting: Enjoys a peaceful, private, and garden-like environment with lush landscaping and wide lawns, ensuring tranquility with only the sounds of the ocean.
Rarity & Uniqueness: Described as 'the only property of its kind,' highlighting its unique and irreplaceable nature in a premium market, offering a truly one-of-a-kind asset.
Cons
Outdated Existing Structure: The current 432 sq ft, century-old cottage (built 1923) is not suitable as a luxury residence and implies a likely tear-down or extensive redevelopment, rather than a move-in ready home.
Substantial Additional Investment Required: The property's high list price primarily reflects the land and its development potential, necessitating significant additional capital investment beyond the purchase price for new construction.
Niche Buyer Market: Due to the premium price point and the requirement for a custom build, the potential buyer pool is highly specialized and limited to ultra-high-net-worth individuals seeking a bespoke oceanfront estate.