1337 Gaviota Dr, Laguna Beach, California 92651, Laguna Beach, 92651 - bed, bath

1337 Gaviota Dr, Laguna Beach, California 92651 home-pic-0

1337 Gaviota Dr

Laguna Beach, California 92651

ACTIVE
CONDITION: GOOD
0Beds
0Baths
4,500Sq Ft
10,454Lot Size

Property Price

LIST PRICE$17,000,000
EST. MARKET VALUE
$17,000,000

SUMMARY

Analysis of 1337 Gaviota Dr, Laguna Beach, California 92651 reveals a Fairly Priced Property with a current list price of $17,000,000  aligned with the estimated $17,000,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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

$17,000,000
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
1337 Gaviota Dr
Subject
$17,000,000*
List Price
4,500$3,778-
A
2125 Ocean Way
Sold
$20,000,000454,710$4,2460.6 mi
B
630 Diamond Street
Active
$11,995,000
List Price
343,665$3,2730.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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.

PROSSTRENGTHS & OPPORTUNITIES

  • Irreplaceable Oceanfrontage & Private Beach Access

    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.

  • Exceptional Investment & Income Potential

    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.

  • Significant Redevelopment Opportunity

    Positioned on one of the few oceanfront double lots zoned for multi-family/multi-address use, presenting substantial upside for reimagining or new development.

CONSRISKS & DEFICIENCIES

  • Age of Structures

    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.

  • High Capital Investment Required

    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.

  • Limited Buyer Pool

    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.

About 1337 Gaviota Dr

“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!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1972
Lot Size
10,454 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds-3.0
1%
Baths-3.0
1%
Square foot4,5002,054
97%
Lot Size10,4546,041.5
88%
Price$17.00M$3.06M
98%
Price per sq ft$3.8K$1.6K
97%
Built year19721965
58%
HOA$0$0
50%
Days on market132200
24%

Pricing History

Listed for Sale

Oct 26, 2025

$17,000,000

Initial Listing

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