1223 Skyline Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 2 bath
ACTIVE$3,495,000
1223 Skyline Drive, Laguna Beach, California 92651
3Beds
2Baths
1,811Sqft
9,720Lot
Price Vs. Estimate
The estimated value ($2,748,666.355) is $746,333.645 (21%) lower than the list price ($3,495,000). 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 = 9720, living area = 1811.
Top Cons:
Significant Renovation/Rebuild Required: The description indicates the existing 1964 structure requires substantial investment to 'reimagine' or 'build anew' to realize its full potential, implying it's not a move-in ready luxury home.
Compared to the nearby listings
Price:$3.50M vs avg $3.12M (+$370,000)59%
Size:1,811 sqft vs avg 2,015.5 sqft43%
Price/sqft:$1.9K vs avg $1.6K66%
More Insights
Built in 1964 (61 years old).
Condition: Built in 1964, this 60-year-old property is explicitly marketed as an opportunity to 'reimagine the existing structure or build anew,' with DRB-approved plans for a new residence. The listing's own analysis highlights the 'Significant Renovation/Rebuild Required' and 'Dated Existing Structure.' The complete absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are in original, very poor, or unpresentable condition. The value is clearly in the prime location, ocean views, and the potential for redevelopment, rather than the existing structure, aligning with the 'tear-down' criteria.
Year Built
1964
Close
-
List price
$3.5M
Original List price
$3.5M
Price/Sqft
$1,930
HOA
-
Days on market
-
Sold On
-
MLS number
LG25062430
Home ConditionTear down
Features
Excellent View: Coastline, Canyon, Hills, Neighborhood, Ocean, Panoramic, Water
Deck
Pool
Spa
ViewCoastline, Canyon, Hills, Neighborhood, Ocean, Panoramic, Water
About this home
A unique opportunity awaits to create a dream ocean-view coastal residence on a corner lot in the coveted Mystic Hills neighborhood with DRB-approved plans by the architectural firm of Anders Lasater. The truly expansive Pacific vistas and the parcel's topography offer incredible potential for those looking to reimagine the existing structure or build anew. Positioned to maximize its breathtaking surroundings, the single-level, three-bedroom, two-bathroom home features mid-century modern elements, an expansive rear patio, and a pool and spa. While sought after for its tranquility, Mystic Hills also offers ease of access to all that Laguna Beach is known for, from beaches to galleries, and dining destinations. 1223 Skyline Drive presents an unmissable opportunity to craft a coastal haven.
Nearby schools
9/10
Top Of The World Elementary School
Public,•K-5•1.4mi
9/10
El Morro Elementary School
Public,•K-5•2.2mi
9/10
Thurston Middle School
Public,•6-8•0.7mi
9/10
Laguna Beach High School
Public,•9-12•0.3mi
Condition Rating
Tear down
Built in 1964, this 60-year-old property is explicitly marketed as an opportunity to 'reimagine the existing structure or build anew,' with DRB-approved plans for a new residence. The listing's own analysis highlights the 'Significant Renovation/Rebuild Required' and 'Dated Existing Structure.' The complete absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are in original, very poor, or unpresentable condition. The value is clearly in the prime location, ocean views, and the potential for redevelopment, rather than the existing structure, aligning with the 'tear-down' criteria.
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 = 9720, living area = 1811.
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).
Panoramic Ocean Views: The property boasts truly expansive Pacific vistas, including coastline, canyon, hills, and panoramic ocean views, a premium feature in Laguna Beach.
Coveted Location: Situated on a corner lot in the highly sought-after Mystic Hills neighborhood, offering tranquility and convenient access to Laguna Beach's amenities.
Development-Ready with Approved Plans: Includes DRB-approved architectural plans by Anders Lasater, significantly streamlining the process for a new build or major renovation.
Generous Lot Size: A substantial 9,720 sqft corner lot provides ample space, privacy, and significant potential for a custom coastal residence.
Existing Recreational Amenities: The property currently features a pool and spa, adding immediate lifestyle value and a foundation for future outdoor living designs.
Cons
Significant Renovation/Rebuild Required: The description indicates the existing 1964 structure requires substantial investment to 'reimagine' or 'build anew' to realize its full potential, implying it's not a move-in ready luxury home.
Overpriced Relative to Estimated Value: The listing price of $3.495M is 21% higher than the estimated property value of $2.748M, suggesting a premium for the development opportunity and approved plans.
Dated Existing Structure: Built in 1964, the current 3-bedroom, 2-bathroom, 1811 sqft home is likely considered dated and undersized for the lot and location, necessitating a major overhaul for modern luxury living.