1056 Madison Place, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 2 bath

1056 Madison Place, Laguna Beach, California 92651 home-pic-0
ACTIVE UNDER CONTRACT$3,135,000
1056 Madison Place, Laguna Beach, California 92651
3Beds
2Baths
1,515Sqft
9,788Lot

Price Vs. Estimate

The estimated value ($3,135,000) is $0 (0%) lower than the list price ($3,135,000). This property may be overpriced.

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 = 9788, living area = 1515.
Top Cons:
Relatively Modest Interior Square Footage: At 1,515 sqft, the interior living space is on the smaller side for a luxury property in this price range, despite the expansive lot.

Compared to the nearby listings

Price:$3.13M vs avg $3.12M (+$17,500)50%
Size:1,515 sqft vs avg 2,015.5 sqft28%
Price/sqft:$2.1K vs avg $1.6K71%

More Insights

Built in 1962 (63 years old).
Condition: This property has undergone an extensive 'down to the studs' renovation, as explicitly stated in the description. The kitchen features newly painted cabinetry, sleek quartz countertops, and high-end stainless steel appliances, all appearing virtually new in the images. The bathroom is also fully modernized with a contemporary vanity, fixtures, and tiling. New wood flooring, fresh paint, designer hardware, an updated roof, and a new AC unit further confirm a comprehensive and recent overhaul. All components meet current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a property extensively renovated within the last 5 years.
Year Built
1962
Close
-
List price
$3.13M
Original List price
$3.2M
Price/Sqft
$2,069
HOA
-
Days on market
-
Sold On
-
MLS number
OC25175135
Home ConditionExcellent
Features
Excellent View: City Lights, Canyon, Ocean, Panoramic
Patio
ViewCity Lights,Canyon,Ocean,Panoramic

About this home

Coastal Elegance and Stunning Views in Laguna Beach. Set on an expansive level lot with breathtaking views of the ocean and rim rock canyon, this newly remodeled single-story stunner offers the perfect blend of modern luxury and natural beauty. Taken down to the studs and reimagined with meticulous attention to detail, this 3-bedroom, 2-bathroom residence spans 1,515 square feet on a generous 9,788 sqft lot with stunning ocean, canyon, and city light views. Step through the charming Dutch front door into a sun-drenched interior featuring floor-to-ceiling windows, new wood flooring, fresh paint, designer hardware, and custom doors throughout. The open-concept kitchen gleams with newly painted cabinetry, sleek quartz countertops, and high-end finishes, flowing seamlessly into the living and dining areas—all framed by panoramic ocean and canyon views. Outside, the transformation continues with all-new landscaping, a state-of-the-art sprinkler and drip system, water fountain, ambient landscape lighting, and raised garden boxes bursting with fresh vegetables and herbs. Whether you’re entertaining under the stars or enjoying a quiet morning coffee, the outdoor spaces are designed to inspire. Additional upgrades include updated roof, epoxied garage floors, gutters, and a powerful new AC unit—ensuring comfort and peace of mind year-round. The large lot backs to a reserve and provides a rare opportunity to add additional rooms, an infinity edge pool, a second story, or a rooftop deck with unobstructed views. Welcome Home Indeed.

Nearby schools

9/10
Top Of The World Elementary School
Public,K-50.8mi
9/10
Thurston Middle School
Public,6-80.7mi
9/10
Laguna Beach High School
Public,9-120.8mi
Condition Rating
Excellent

This property has undergone an extensive 'down to the studs' renovation, as explicitly stated in the description. The kitchen features newly painted cabinetry, sleek quartz countertops, and high-end stainless steel appliances, all appearing virtually new in the images. The bathroom is also fully modernized with a contemporary vanity, fixtures, and tiling. New wood flooring, fresh paint, designer hardware, an updated roof, and a new AC unit further confirm a comprehensive and recent overhaul. All components meet current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a property extensively renovated within the last 5 years.
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 = 9788, living area = 1515.
Great Schools: Elementary School: Top Of The World Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Panoramic Ocean & Canyon Views: The property boasts breathtaking, panoramic views of the ocean, rim rock canyon, and city lights, enhancing its luxury appeal and value.
Extensive Down-to-Studs Remodel: Recently taken down to the studs and reimagined, the home features new wood flooring, fresh paint, designer hardware, custom doors, and an open-concept kitchen with high-end finishes, offering modern luxury and minimal immediate maintenance.
Large Lot with Significant Expansion Potential: Set on a generous 9,788 sqft level lot backing to a reserve, the property offers rare opportunities for adding rooms, an infinity edge pool, a second story, or a rooftop deck to maximize views and living space.
Prime Laguna Beach Location: Located in the highly desirable coastal city of Laguna Beach, known for its exclusive lifestyle, natural beauty, and vibrant community.
Key System & Outdoor Upgrades: Recent upgrades include an updated roof, epoxied garage floors, gutters, a powerful new AC unit, all-new landscaping with a state-of-the-art sprinkler/drip system, water fountain, and ambient lighting, ensuring comfort and curb appeal.

Cons

Relatively Modest Interior Square Footage: At 1,515 sqft, the interior living space is on the smaller side for a luxury property in this price range, despite the expansive lot.
Premium Price Point: The $3.135 million list price places it in a highly competitive luxury segment, which naturally narrows the potential buyer pool.
Additional Investment for Full Potential: While offering significant expansion opportunities, realizing the property's full potential (e.g., adding a second story or pool) would require substantial additional financial investment and construction efforts beyond the purchase price.

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