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134 High Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 2 bath

134 High Drive, Laguna Beach, California 92651 home-pic-0
ACTIVE$2,495,000
134 High Drive, Laguna Beach, California 92651
3Beds
2Baths
1,192Sqft
4,275Lot

Price Vs. Estimate

The estimated value ($2,495,000) is $0 (0%) lower than the list price ($2,495,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location: Situated in prestigious North Laguna, offering walkability to downtown, the beach, world-class dining, and galleries.
Top Cons:
Substantial Price Reduction: The property has undergone a significant price reduction from its original listing, potentially signaling initial overpricing or market resistance.

Compared to the nearby listings

Price:$2.50M vs avg $3.10M ($-600,000)33%
Size:1,192 sqft vs avg 2,015.5 sqft13%
Price/sqft:$2.1K vs avg $1.6K72%

More Insights

Built in 1972 (53 years old).
Condition: Despite being built in 1972, the property has undergone recent and significant updates, making it move-in ready. The kitchen features modernized white shaker-style cabinets, black granite countertops, and stainless steel appliances. The main bathroom is updated with a contemporary vanity, sink, and fixtures. Wood flooring and fresh paint throughout the main living areas contribute to a clean and updated aesthetic. While the underlying structure is older and there are approved plans for a new build, the current condition reflects recent renovations that align with the 'Good' score criteria for being extensively renovated within the last 5-15 years and being move-in ready.
Year Built
1972
Close
-
List price
$2.5M
Original List price
$3.19M
Price/Sqft
$2,093
HOA
-
Days on market
-
Sold On
-
MLS number
LG24221326
Home ConditionGood
Features
Good View: Catalina, City Lights, Coastline, Ocean, Water
Deck
ViewCatalina,City Lights,Coastline,Ocean,Water

About this home

Discover an exceptional investment opportunity in North Laguna: a recently refreshed home with fully approved plans by Walter Metez Architects. A complete design package outlines a 1,688 square foot, 3 bedroom, 2.5 bath main residence with a 600 square foot ADU - an ideal coastal retreat. Located within walking distance to downtown and the beach, the current structure features an open floor plan that flows from a modernized kitchen to an outdoor deck with ocean views, showcasing vaulted ceilings, wood flooring, fresh paint, and an updated bathroom. The main level includes two bedrooms and a bathroom, while a private guest retreat on the lower level offers a kitchenette and a bath. Enjoy a tranquil backyard with a garden, plus coveted four car parking and a storage room. This is a rare chance to own a gem in one of Laguna Beach’s most prestigious neighborhoods, just moments from world-class dining, galleries, and beaches.

Condition Rating
Good
Despite being built in 1972, the property has undergone recent and significant updates, making it move-in ready. The kitchen features modernized white shaker-style cabinets, black granite countertops, and stainless steel appliances. The main bathroom is updated with a contemporary vanity, sink, and fixtures. Wood flooring and fresh paint throughout the main living areas contribute to a clean and updated aesthetic. While the underlying structure is older and there are approved plans for a new build, the current condition reflects recent renovations that align with the 'Good' score criteria for being extensively renovated within the last 5-15 years and being move-in ready.
Pros & Cons

Pros

Exceptional Location: Situated in prestigious North Laguna, offering walkability to downtown, the beach, world-class dining, and galleries.
Approved Development Potential: Comes with fully approved architectural plans for a significant expansion (1,688 sqft main residence) and a 600 sqft Accessory Dwelling Unit (ADU), providing substantial future value and income potential.
Desirable Views: Features ocean views from the outdoor deck, complemented by Catalina, City Lights, Coastline, and Water views, enhancing its appeal.
Recent Updates & Features: The current structure has been recently refreshed with a modernized kitchen, updated bathroom, vaulted ceilings, wood flooring, fresh paint, and includes a private guest retreat with a kitchenette.
Rare Parking & Storage: Offers coveted four-car parking and a dedicated storage room, which is a significant advantage in a dense coastal community.

Cons

Substantial Price Reduction: The property has undergone a significant price reduction from its original listing, potentially signaling initial overpricing or market resistance.
Current Modest Size: The existing main residence is 1,192 sqft, which is relatively small for a 3-bedroom home in this high-value market, requiring the approved expansion to maximize its potential.
Age of Construction: Built in 1972, the property, despite recent refreshes, may still have underlying older systems or components that could require future maintenance or upgrades beyond cosmetic improvements.

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