1285 Cortez Avenue, Laguna Beach, California 92651, Laguna Beach, 92651 - 2 bed, 2 bath
ACTIVE$4,175,000$1,088/sqft
1285 Cortez Avenue, Laguna Beach, California 92651
2Beds
2Baths
1,088Sqft
17,197Lot
Price Vs. Estimate
Estimation data not available
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 = 17197, living area = 1088.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17197, other record lot size in square feet = 5000.
Compared to the nearby listings
Price:$4.17M vs avg $3.15M (+$1,020,000)66%
Size:1,088 sqft vs avg 2,109 sqft9%
Price/sqft:$3.8K vs avg $1.6K98%
More Insights
Built in 1960 (66 years old).
Condition: Despite being built in 1960, the interior of the home, particularly the kitchen and bathrooms, appears to have undergone a significant and recent renovation. The kitchen features modern white shaker cabinets, stainless steel appliances, and contemporary countertops. Bathrooms are updated with modern vanities, fixtures, and clean tiling. Flooring consists of well-maintained large format tile and hardwood. The overall interior is fresh and move-in ready, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Year Built
1960
Close
-
List price
$4.17M
Original List price
$4.17M
Price/Sqft
$3,837
HOA
-
Days on market
-
Sold On
-
MLS number
OC25282294
Home ConditionGood
Features
Excellent View: Canyon, Ocean
Deck
Patio
ViewCanyon, Ocean
About this home
A unique bulk sale of three separate parcels in Laguna Beach—1285 Cortez Ave, 829 Miramar St, and 855 Miramar St. All three sites are confirmed buildable per municipal code and county records, making this an exceptional opportunity for investors, builders, or visionaries. The Cortez parcel currently features a charming single-story 2 bedroom, 2 bathroom home with sweeping ocean and canyon views. Enjoy a tranquil garden setting complete with a dwarf avocado tree and fruit cocktail tree, offering a peaceful retreat. Nestled on a quiet street with no streetlights, evenings here are serene and uninterrupted. Whether you envision developing multiple custom homes, designing a private coastal compound, or holding the parcels as a long-term investment, the possibilities are endless. This is a rare chance to own three prime properties in one of Laguna Beach’s most desirable neighborhoods.
G
Gaetano Lo Grande
Listing Agent
Nearby schools
9/10
Top Of The World Elementary School
Public,•K-5•1.3mi
9/10
El Morro Elementary School
Public,•K-5•3.6mi
9/10
Thurston Middle School
Public,•6-8•1.5mi
9/10
Laguna Beach High School
Public,•9-12•1.4mi
Price History
Date
Event
Price
06/04/99
Sold
$411,000
12/14/09
Sold
$760,000
Condition Rating
Good
Despite being built in 1960, the interior of the home, particularly the kitchen and bathrooms, appears to have undergone a significant and recent renovation. The kitchen features modern white shaker cabinets, stainless steel appliances, and contemporary countertops. Bathrooms are updated with modern vanities, fixtures, and clean tiling. Flooring consists of well-maintained large format tile and hardwood. The overall interior is fresh and move-in ready, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 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 = 17197, living area = 1088.
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).
Bulk Sale & Development Potential: A unique offering of three separate, confirmed buildable parcels, presenting an exceptional opportunity for investors, builders, or visionaries to develop multiple custom homes or a private coastal compound.
Prime Laguna Beach Location: Situated in the highly desirable Arch Beach Heights subdivision of Laguna Beach, known for its prestige, strong market demand, and proximity to coastal amenities.
Sweeping Ocean & Canyon Views: The Cortez parcel currently features a charming home with sweeping ocean and canyon views, a highly sought-after and value-adding amenity in this market.
Tranquil & Serene Environment: Nestled on a quiet street with no streetlights, offering a peaceful retreat with a tranquil garden setting and fruit trees, ensuring serene evenings.
Excellent School District: Located within the highly-rated Laguna Beach Unified School District, with top-tier elementary, middle, and high schools, appealing to families.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17197, other record lot size in square feet = 5000.
High Price Point: The substantial list price of $4.175 million positions this as a luxury investment, potentially narrowing the pool of prospective buyers to high-net-worth individuals or experienced developers.
Age of Existing Structure: The existing home was built in 1960, suggesting it may require significant modernization, extensive renovation, or likely demolition for new development, adding considerable costs beyond the purchase price.
Modest Existing Home Size: The current 1088 sqft, 2-bedroom, 2-bathroom home on the Cortez parcel is relatively modest for a luxury property in Laguna Beach, implying that immediate high-end living may require further investment or redevelopment.