1337 Gaviota Dr, Laguna Beach, California 92651, Laguna Beach, 92651 - 0 bed, 0 bath
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Laguna Beach, California 92651
, Luxury Developers`. - Done.
* *Wait*, I should check if I should use the "Blue Bold" and "Purple Bold" for the buyer types.
Yes, I used them.
* *Wait*, I should check if I should use the "Green Background Highlight" for "High-Potential Investment Opportunity".
The prompt says: "Use when equity gap is significant (estimation_ratio >= 2)".
My ratio is 0.
*Self-Correction*: I will NOT use it. I will just bold it.
* *Wait*, I should check if I should use the "Red Bold Underline".
No.
* *Wait*, I should check if I should use the "Green Bold Underline".
No.
* *Final check on the "Asset/Home Classification"*:
"**Oceanfront Investment Compound**" - Done.
* *Final check on the "Ideal Buyer Profile"*:
I'll use the span tags as requested.
* *Final check on the "Condition Rating"*:
"**Condition Rating of 3**" - Done.
* *Final check on the "Key Features"*:
"**50 feet of linear ocean frontage**", "**panoramic views**", "**private pool**", "**private beach access**", "**double blufftop lot**", "**redevelopment upside**". -
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1337 Gaviota Dr Subject | $17,000,000* List Price | 0 | 0 | 4,500 | $3,778 | - |
A 630 Diamond Street Active | $11,995,000 List Price | 3 | 4 | 3,665 | $3,273 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property, built in 1972, features extensively renovated interiors, particularly in the kitchen and bathrooms, which showcase modern cabinetry, high-end fixtures, and contemporary finishes. The kitchen has sleek wood cabinets, modern appliances, and stylish lighting, while the bathroom boasts a freestanding tub, large walk-in shower, and updated vanity. However, the presence of a wall-mounted AC unit in a bedroom suggests that not all systems have been upgraded to the highest luxury standards (e.g., central HVAC throughout). The listing description also notes the 'age of structures' as a potential weakness, indicating that while cosmetically updated, the underlying infrastructure or other units within the compound might not be uniformly new or recently renovated to an 'excellent' standard. It is move-in ready with no immediate renovation required, but not all components are 'virtually new' as per the 'excellent' criteria.
The property boasts 50 ft. of linear ocean frontage on a rare double blufftop lot, offering direct private staircase access to Cress Cove and unparalleled panoramic ocean views.
Features four existing income-producing residences with potential for a fifth legal unit, making it ideal for a 1031 exchange and immediate cash flow generation.
Positioned on one of the few oceanfront double lots zoned for multi-family/multi-address use, presenting substantial upside for reimagining or new development.
Built in 1972, the existing structures may require significant modernization, renovation, or complete redevelopment to meet current luxury standards and maximize the property's potential.
While offering immense potential, realizing the full value through redevelopment or extensive upgrades will necessitate substantial additional capital investment beyond the already high purchase price.
The $17 million price point and the property's specific focus on investment and redevelopment opportunities significantly narrow the target market to a niche group of ultra-high-net-worth individuals or experienced developers.
“Where Vision Meets the View” | Laguna Beach Oceanfront Investment Compound (Ideal for 1031 Exchange | Multi-Family | Development Opportunity) Some assets redefine what’s possible. This one does both delivering immediate income, long-term upside, and irreplaceable oceanfront frontage in the heart of Laguna’s legendary HIP District. Perched above the sand on a rare double blufftop lot exceeding 10,000 sq ft, this property offers 50 ft. of linear ocean frontage and a private staircase directly to Cress Cove putting you front row to one of the most iconic coastlines in the world. The Property -- Detached SFR: 4 Bedrooms + Office | 4 Baths | No shared walls Three Condos: Each 2 Bedrooms | 2 Baths - ideal for luxury leasing or long-term income Bonus Level: Flexible pool house / studio / gym / media retreat with potential to become a 5th legal unit Private Pool Terrace + 4-Car Garage Multiple Addresses + Gated Compound Layout Investment Highlights -- Four existing income producing residences with diverse use potential Bonus space with 5th unit potential adds immediate value add opportunity 1031 exchange ready with strong (income to land) value ratio Redevelopment upside: One of the few oceanfront double lots zoned for multi-family/multi-address use Prime location: Steps to Surf & Sand Resort, art galleries, cafés, and the cultural heart of Laguna Village Whether held as a cash flowing investment, repositioned as a boutique oceanfront portfolio, or reimagined as a trophy redevelopment, this property is a once in a generation acquisition for those who understand that true oceanfront land is the rarest asset of all Where vision meets the view and opportunity meets the ocean!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 3.0 | 1% |
| Square foot | 4,500 | 2,111 | 98% |
| Lot Size | 10,454 | 6,003 | 88% |
| Price | $17.00M | $3.10M | 97% |
| Price per sq ft | $3.8K | $1.6K | 95% |
| Built year | 1972 | 1965 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 178 | 180 | 49% |
Oct 26, 2025
$17,000,000
Initial Listing