1046 Oro, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath
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1046 Oro
Laguna Beach, California 92651
ACTIVE
CONDITION: FAIR
3Beds
3Baths
2,273Sq Ft
6,425Lot Size
Property Price
LIST PRICE$2,499,000
EST. MARKET VALUE
$2,670,166
6% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,800,000—positioned well below the $2,024,946 Fair Market Value by 11%. This valuation gap offers $224,946 in Instant Equity. Featuring sweeping ocean and canyon views, a separate adjoining lot, and a Fair Condition Rating, the home offers significant modernization potential. Located in the Laguna Beach Unified district with Top-Rated Schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle with substantial upside.
Estimated Market Value
$2,670,166+$171,166 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Laguna Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1046 Oro Subject | $2,499,000* List Price | 3 | 3 | 2,273 | $1,175 | - |
A 599 Alta Vista Way Sold | $2,735,000 | 3 | 3 | 2,100 | $1,302 | 0.4 mi |
B 923 Balboa Avenue Sold | $2,028,000 | 3 | 3 | 1,890 | $1,073 | 0.2 mi |
C 1212 Starlit Sold | $2,499,000 | 4 | 3 | 2,117 | $1,180 | 0.6 mi |
D 991 Meadowlark Drive Sold | $2,250,000 | 3 | 2 | 1,758 | $1,280 | 0.7 mi |
E 758 Barracuda Way Active | $2,895,000 List Price | 4 | 3 | 2,357 | $1,228 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1987, this 39-year-old property is functional and well-maintained but significantly dated. While the Spanish tile and living areas are in good condition, the kitchen and bathrooms appear to have original finishes and fixtures that require modernization to meet current luxury standards. It is move-in ready but falls into the 'Fair' category due to age and the need for cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
- Exceptional Coastal Views
The property offers sweeping ocean and canyon views from nearly every room, providing the highly desirable coastal scenery that defines Laguna Beach luxury.
- Rare Lot Size and Privacy
The inclusion of a separate adjoining lot brings the total land area to 6,452 square feet, offering a rare level of privacy and expansion potential for the Arch Beach Heights neighborhood.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6425, other record lot size in square feet = 2500.
- Auction Pricing Uncertainty
As a 'Luxury Live Auction' with a starting bid of $1,800,000, the final sales price is unpredictable and may exceed the expectations of buyers looking for a fixed-price entry.
- Potential Modernization Needs
Built in 1987, the home may require updates to its original finishes or mechanical systems to align with the expectations of modern luxury buyers.
About 1046 Oro
Perched in coveted Arch Beach Heights, this Spanish-style beauty delivers sweeping ocean and canyon views from nearly every angle. The 3-bedroom, 3-bathroom home is full of character — arched doorways, French doors, skylights, and Spanish tile flooring throughout. The primary suite includes a fireplace and a flexible retreat space, ideal as a home office or sitting room. The kitchen features a functional island, while a separate ocean-view deck offers the perfect spot for sunset dinners and outdoor entertaining. Two separate adjoining lots sell jointly with the property, bringing the total to 6,452 square feet — rare space and privacy this close to the coast. Laguna Beach living at its finest.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 6,425 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Laguna Beach Unified Schools
Top Of The World Elementary School
Grades K-5 • 1.1 mi
9/10
El Morro Elementary School
Grades K-5 • 3.6 mi
9/10
Thurston Middle School
Grades 6-8 • 1.4 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.6 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,273 | 2,244.917 |
| Lot Size | 6,425 | 6,150.208 |
| Price | $2.50M | $3.48M |
| Price per sq ft | $1.1K | $1.7K |
| Built year | 1987 | 1973 |
| HOA | $0 | $4.6K |
| Days on market | 48 | 73 |
Pricing History
Listed for Sale
Aug 29, 2026
$2,499,000
$2,900,000
-14% Price Drop
Initial Listing
Price Change
Aug 18, 2026
$2,900,000
$1,800,000
+61% Price Increase
Initial Listing
Price Change
Jul 23, 2026
$1,800,000
Initial Listing
Sold
Mar 27, 2015
$1,260,000
Public Record
Sold
Dec 1, 1994
$5,000
Public Record