
Laguna Beach, California 92651
This custom Mystic Hills estate is a High-Potential Investment Opportunity, listed at $8,495,000—positioned well below the $8,800,000 Fair Market Value by 3%. This valuation gap offers $305,000 in Instant Equity for buyers. While maintaining a Condition Rating of 4, the 5,603-square-foot residence features panoramic ocean views, limestone flooring, and professional-grade appliances. Situated in the Laguna Beach Unified district with 9/10 rated schools, it balances immediate luxury with significant upside through cosmetic modernization. This is an ideal acquisition for Owner-Occupants or Luxury Value-Add Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1409 Samoa Way Subject | $8,495,000* List Price | 4 | 5 | 5,603 | $1,571 | - |
A 905 Canyon View Sold | $6,200,000 | 4 | 5 | 3,588 | $1,728 | 0.6 mi |
B 622 Mystic Active | $8,200,000 List Price | 5 | 5 | 6,913 | $1,186 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, this 28-year-old custom residence is well-maintained but reflects the architectural and interior trends of its original construction era. While it features high-end materials like limestone flooring and premium appliances (Sub-Zero, Thermador, Bosch), it has not undergone a comprehensive modern renovation. The property fits the 'fair' criteria as it is aged but functional, with an aesthetic that requires updating to meet current ultra-luxury standards.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The residence offers unobstructed, sweeping vistas of the Pacific Ocean, Catalina Island, and city lights from every room, significantly enhanced by floor-to-ceiling walls of glass.
Crafted by renowned contractor Mark Falcone with Sheldon Harte interiors, the home features a premium material palette including limestone flooring, Macassar ebony accents, and professional-grade appliances.
Built in 1996, the interior aesthetic and specific material choices may require modernization to appeal to buyers seeking the ultra-contemporary finishes currently trending in the luxury market.
A recent price reduction from the original $8.8 million listing indicates the property may have initially struggled with market absorption or valuation expectations in a competitive price bracket.
Sweeping ocean views from every room define this substantial custom residence, set on a wide-frontage 13,360-square-foot lot. Encompassing approximately 5,603 square feet, the four-bedroom, four-and-one-half-bath home is thoughtfully designed to maximize light, with dramatic coastal panoramas complemented by Catalina Island and city-light views that enhance the living spaces. Located on a cul-de-sac in the sought-after Mystic Hills neighborhood and crafted by contractor Mark Falcone with interiors by Sheldon Harte, the home presents a refined material palette anchored by limestone flooring throughout most living areas, with select accents of wood. The living room serves as a striking gathering space, highlighted by a gas fireplace with a black granite surround and Macassar ebony mantel. Pacific Ocean, canyon, and city-light views lend ambiance to dinner parties and relaxed evenings. Designed to blur the line between indoors and out, the residence features floor-to-ceiling walls of glass, while the exterior reflects timeless architectural character. Generously sized decking off a secondary grand living room with a bar area extends the living spaces and features an outdoor kitchen and vistas that encompass colorful sunsets and ever-changing skies. The primary suite near the main level boasts ocean-view deck access, a fireplace, generous walk-in closets, and a spa-worthy bath with a steam shower, creating an elegant, retreat-like ambiance. The kitchen is anchored by a large island and equipped with a 5 Star gas range, Thermador double ovens, two Bosch dishwashers, and a Sub-Zero refrigerator. Breathtaking ocean and whitewater views extend to the dining area, creating an inspiring setting for morning coffee. Low-maintenance, water-wise landscaping surrounds the residence, complementing the limestone decks and outdoor living areas. A three-car garage completes the property, offering ample parking and storage. With expansive views, generous proportions, and a thoughtful blend of timeless materials and modern comforts, this residence offers a refined coastal living experience in Laguna Beach. This one-of-a-kind home delivers an exceptional lifestyle with close proximity to beaches, restaurants, and shopping. Montage Resort and The Ranch at Laguna Beach are just minutes away, and Laguna’s village and Main Beach are only moments away. Imagine sharing a residence of this caliber with the people you love.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 2.3 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 5.0 | 3.0 | 84% |
| Square foot | 5,603 | 2,111 | 99% |
| Lot Size | 13,360 | 6,003 | 91% |
| Price | $8.49M | $3.10M | 89% |
| Price per sq ft | $1.5K | $1.6K | 44% |
| Built year | 1996 | 1965 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 180 | 17% |
Mar 7, 2026
$8,495,000
$8,800,000
-3% Price Drop
Initial Listing
Jan 29, 2026
$8,800,000
Initial Listing