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

1337 Gaviota Dr, Laguna Beach, California 92651 home-pic-0
ACTIVE$17,000,000
1337 Gaviota Dr, Laguna Beach, California 92651
0Bed
0Bath
4,500Sqft
10,454Lot

Price Vs. Estimate

The estimated value ($18,331,308.43) is $1,331,308.43 (7%) higher than the list price ($17,000,000). This property may be underpriced.

Key pros and cons

Top Pros:
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.
Top Cons:
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.

Compared to the nearby listings

Price:$17.00M vs avg $3.12M (+$13,875,000)98%
Size:4,500 sqft vs avg 2,018 sqft93%
Price/sqft:$3.8K vs avg $1.6K96%

More Insights

Built in 1972 (53 years old).
Condition: 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.
Year Built
1972
Close
-
List price
$17M
Original List price
$17M
Price/Sqft
$3,778
HOA
-
Days on market
-
Sold On
-
MLS number
OC25247805
Home ConditionGood
Features
Excellent View: Catalina, City Lights, Coastline, Ocean, Panoramic, Water
Deck
Pool
ViewCatalina,City Lights,Coastline,Ocean,Panoramic,Water

About this home

“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!

Condition Rating
Good

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.
Pros & Cons

Pros

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.
Prime Laguna Beach Location: Located in the heart of Laguna's legendary HIP District, steps away from the Surf & Sand Resort, art galleries, cafes, and the vibrant cultural center of Laguna Village.
Diverse Multi-Unit Configuration: Comprises a detached SFR, three separate condos, and a flexible bonus level (pool house/studio), offering versatile living arrangements and income streams within a gated compound.

Cons

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.

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