
Laguna Beach, California 92651
This estate represents a High-Potential Investment Opportunity with a List Price of $9,000,000—positioned well below the $9,204,565 Fair Market Value by 2%. This valuation gap offers $204,565 in Instant Equity. Featuring a Fair Condition Rating, the property offers significant value-add potential through modernization of its 6,258 sq. ft. footprint. With unobstructed panoramic views, an infinity-edge pool, and proximity to top-rated Laguna Beach schools, this is a premier acquisition for Value-Add Investors or Luxury Developers seeking a high-value coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1076 Skyline Drive Subject | $9,000,000* List Price | 4 | 5 | 6,258 | $1,467 | - |
A 1409 Samoa Way Active | $7,395,000 List Price | 4 | 5 | 5,603 | $1,320 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 (28 years old), the property falls into the Fair category as it exceeds the 20-year threshold without a recent full-scale renovation. While the home is exceptionally well-maintained with high-end materials like Brazilian cherry floors and Madagascar stone, the listing explicitly identifies a 'significant opportunity for modernization' and reconfiguration. The kitchen and cabinetry styles are characteristic of the late 90s, and the systems, while functional and including solar, are approaching the end of their typical primary lifecycle.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The estate offers unobstructed, breathtaking views of Catalina Island and Main Beach, providing an irreplaceable coastal backdrop that significantly bolsters its long-term asset value.
Boasting over 6,200 sq. ft. of living space on a gated third-acre lot, the property features premium luxury amenities including an infinity-edge pool, a glass elevator, and a rare nine-car parking capacity.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6258, other record living area = 5185. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1998, the interior finishes and systems likely require a substantial capital injection to meet the aesthetic and functional expectations of today's ultra-luxury market.
With a $9 million entry price and the explicit need for renovation, the total project cost may limit the pool of qualified buyers to high-end developers or niche luxury investors.
Set above one of Laguna Beach’s most iconic stretches of coastline, this gated one-third-acre estate offers unobstructed panoramic views of Catalina Island and Main Beach—an irreplaceable setting for investors seeking a high-value coastal asset. With more than 6,200 sq. ft. of interior space, the residence provides significant opportunity for modernization, reconfiguration, or design enhancement, including multiple interior zones suitable for creating additional living areas within the existing footprint. The scale, layout, and structural integrity make this property ideal for value-add strategies without requiring expansion. The exterior delivers strong fundamentals: an infinity-edge pool visually merging with the Pacific, expansive hardscape, coastal landscaping, a three-car garage with EV chargers, and a six-car motor court. Inside, the home features vaulted ceilings, multi-fold doors, a glass elevator, Brazilian cherry flooring, a home theater, and a chef’s kitchen anchored by Madagascar-quarried stone—premium elements that can be retained, refreshed, or fully reimagined depending on the investment approach. Four ensuite bedroom suites, integrated smart-home systems, solar technology, and a flexible floor plan support both luxury repositioning and long-term rental potential. Located near award-winning Laguna Beach High School and minutes from beaches, dining, and entertainment, this estate offers developers and investors a rare combination of location, scale, and clear upside potential in one of Southern California’s most desirable coastal markets. Furnishings shown are for staging only.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades K-5 • 2.3 mi
Grades 6-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 5.0 | 3.0 |
| Square foot | 6,258 | 2,244.917 |
| Lot Size | 14,652 | 6,150.208 |
| Price | $9.00M | $3.48M |
| Price per sq ft | $1.4K | $1.7K |
| Built year | 1998 | 1973 |
| HOA | $0 | $4.6K |
| Days on market | 48 | 73 |
Jul 23, 2026
$9,000,000
Initial Listing
Oct 12, 2011
$3,860,000
Public Record
Aug 22, 1996
$400,000
Public Record