
Laguna Beach, California 92651
This property presents a High-Potential Investment Opportunity with a List Price of $2,695,000—positioned well below the $2,726,183 Fair Market Value by 1.14%. This valuation gap offers $31,183 in Instant Equity. Featuring a Condition Rating of 4, the home requires modernization, yet its 7,500 sq. ft. lot and Panoramic Ocean Views provide a premier foundation for a custom rebuild. Located in the Laguna Beach Unified School District with 9/10 rated schools, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a coastal legacy project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1105 Summit Drive Subject | $2,695,000* List Price | 3 | 2 | 1,764 | $1,545 | - |
A 1212 Starlit Sold | $2,499,000 | 4 | 3 | 2,117 | $1,180 | 0.4 mi |
B 1981 San Remo Sold | $3,200,000 | 4 | 3 | 2,069 | $1,547 | 0.8 mi |
C 1961 San Remo Drive Sold | $3,400,000 | 3 | 3 | 2,430 | $1,399 | 0.8 mi |
D 599 Alta Vista Way Sold | $2,735,000 | 3 | 3 | 2,100 | $1,302 | 0.5 mi |
E 991 Meadowlark Drive Active Under Contract | $2,295,000 List Price | 3 | 2 | 1,758 | $1,305 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the home maintains a mid-century feel but is clearly dated. The kitchen features older white appliances and 15-30 year old cabinetry/tile. While the home is clean and staged, the listing description explicitly calls for 'creative imagination' and 'reimagining,' signaling that the primary systems and interior finishes are nearing the end of their functional life and require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1764.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The property boasts world-class, unobstructed views of the Pacific Ocean, Catalina Island, and whitewater coastline from nearly every principal room and multiple outdoor decks.
Built in 1963 and marketed as a 'reimagination' project, the home likely requires a substantial capital investment to update its original mid-century systems and finishes.
At a list price of $2.695M for 1,764 square feet, the value is primarily in the land and views, resulting in a high price-per-square-foot for the existing living space.
Some of the most exceptional ocean views in all of Southern California define this extraordinary residence, offering an incomparable living experience along with coveted proximity to the very best of Laguna Beach. This remarkable property is ready for your creative imagination. Situated on an approximately 7,500 square-foot lot, it represents an incredibly rare opportunity. The approximately 1,764 square-foot residence offers a light-filled floor plan featuring three bedrooms and two bathrooms, with expansive living spaces designed to embrace the breathtaking coastal setting. Stunning vistas begin at the driveway and continue to unfold throughout the home's indoor and outdoor living spaces. Truly panoramic ocean views capture whitewater, Catalina Island, vibrant sunsets, sparkling evening lights, and the dramatic coastline extending both north and south. The open kitchen is perfectly positioned to enjoy exceptional ocean views, creating an inspiring setting for everyday living. With its distinctive mid-century feel, the floor plan is thoughtfully designed to maximize the absolutely stunning whitewater and coastline views from nearly every principal room. Spacious living and dining areas face the Pacific, framed by expansive walls of glass that invite the outdoors in and provide the perfect backdrop for entertaining family and friends. Multiple ocean-view decks create seamless indoor-outdoor living, while the primary suite offers the incredible luxury of waking to world-class ocean vistas from the comfort of your bed and opens to another deck with dramatic sit-down views. The ocean is just moments away, with convenient access to the renowned Montage Laguna Beach, scenic parks and trails, and the celebrated restaurants, boutiques, galleries, and beaches of Laguna Beach. This is a rare opportunity to reimagine a remarkable property in one of the most sought-after coastal locations in Southern California.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 3.3 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,764 | 2,351 |
| Lot Size | 7,500 | 6,231 |
| Price | $2.69M | $3.25M |
| Price per sq ft | $1.5K | $1.7K |
| Built year | 1963 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 17 | 71 |
Jul 6, 2026
$2,695,000
Initial Listing
Nov 4, 2024
$2,100,000
Public Record
Feb 5, 2010
$1,099,000
Public Record