1302 Skyline Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 5 bath

1302 Skyline Drive, Laguna Beach, California 92651 home-pic-0

1302 Skyline Drive

Laguna Beach, California 92651

ACTIVE
CONDITION: EXCELLENT
4Beds
5Baths
4,545Sq Ft
9,514Lot Size

Property Price

LIST PRICE$8,995,000
EST. MARKET VALUE
$9,597,967
6% BelowMARKET VALUE

SUMMARY

Analysis of 1302 Skyline Drive, Laguna Beach, California 92651 reveals a Prime Investment Opportunity with a current list price of $8,995,000—significantly undercutting the $9,597,967 Fair Market Value by 6%. This valuation gap indicates a +$602,967 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Laguna Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$9,597,967 +$602,967 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Laguna Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1302 Skyline Drive
Subject
$8,995,000*
List Price
454,545$2,112-
A
1105 Skyline Drive
Active
$8,495,000
List Price
454,200$2,0230.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property was extensively reimagined and expanded between 2022 and 2023, featuring a professional-grade chef's kitchen with stone countertops, modern home automation, solar, and high-end finishes throughout. All components are virtually new and meet current luxury standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • 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).

  • Exceptional Coastal Views

    Positioned on an elevated corner lot in the prestigious Mystic Hills, the property commands breathtaking, unobstructed vistas of the Pacific Ocean and city lights.

  • Recent High-End Renovation

    Extensively reimagined and expanded between 2022 and 2023, the home features designer finishes, a professional-grade chef's kitchen, and modern upgrades like solar and home automation.

CONSRISKS & DEFICIENCIES

  • Aggressive Price Appreciation

    The listing price reflects a significant jump from its 2017 sale price of $4.95M, which may present appraisal challenges or deter buyers sensitive to rapid market appreciation.

  • Hillside Topography

    While beautifully landscaped with winding pathways, the tiered hillside lot may limit the amount of flat, usable yard space for families seeking a traditional lawn or large private pool.

About 1302 Skyline Drive

Commanding a prime corner lot in the coveted enclave of Mystic Hills, this architectural jewel offers stunning ocean and city light vistas from its elevated position in Laguna Beach. Designed by John O’Neill, the residence exudes timeless European charm. Reimagined and expanded between 2022 and 2023, it showcases exquisite craftsmanship and thoughtful detail throughout, merging Italian elegance with subtle Spanish influences and contemporary finishes. Approximately 4,545 SF of interiors accommodate four bedrooms, four and one-half bathrooms, executive office, temperature-controlled wine cellar accommodating appx. 200 bottles, dedicated laundry room, and versatile bonus room. Expansive glass French doors invite natural light and provide seamless access to ocean-facing terraces and peaceful patios. A chef's delight, the kitchen provides professional-grade appliances, rich stone countertops, a cozy fireplace, and a butler’s pantry—creating a warm, inviting hub for everyday living and entertaining. The luxurious primary suite offers direct terrace access and sweeping views, along with a spacious walk-in closet, dual stone-topped sinks, a soaking tub, separate walk-in shower, and a dedicated vanity area—offering both comfort and retreat. Winding pathways lead through fragrant rose gardens, tranquil fountains, and manicured lawns, culminating in an upper-level terrace with a spa and a circular dining tower that captures the sea breeze year-round. Offering plenty of space to entertain, the backyard hosts multiple seating areas designed for large scale gatherings. A finished 3-car garage, solar, and home automation complete the residence. Every inch of this home reflects a harmonious blend of indoor-outdoor living and captures the essence of the California Riviera lifestyle in one of Laguna Beach’s most sought-after neighborhoods.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1999
Lot Size
9,514 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Laguna Beach Unified Schools

Top Of The World Elementary School

Grades K-5 • 1.4 mi

9/10

El Morro Elementary School

Grades K-5 • 2.2 mi

9/10

Thurston Middle School

Grades 6-8 • 0.7 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
55%
Baths5.03.0
81%
Square foot4,5452,054
97%
Lot Size9,5146,041.5
84%
Price$8.99M$3.06M
93%
Price per sq ft$2.0K$1.6K
72%
Built year19991965
84%
HOA$0$0
50%
Days on market4200
2%

Pricing History

Listed for Sale

Mar 3, 2026

$8,995,000

Initial Listing

Sold

Aug 28, 2017

$4,950,000

Public Record

Sold

Sep 3, 2010

$3,675,000

Public Record

Sold

Aug 27, 2004

$4,400,000

Public Record

Sold

Mar 7, 1997

$327,500

Public Record

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