
Laguna Beach, California 92651
This High-Potential Investment Opportunity is a rare Mystic Hills estate listed at $5,985,000—positioned well below the $6,271,077 Fair Market Value by 4%. This valuation gap offers $286,077 in Instant Equity. Featuring a Condition Rating of 5, the property is a cleared shell ready for a pre-approved 6,800 sq ft custom build. With panoramic 180-degree ocean views and proximity to top-rated Laguna Beach schools, this is an ideal acquisition for Luxury Developers or Owner-Occupants seeking a bespoke coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1425 Samoa Way Subject 4 bd · 4 ba · 3,744 sqft · $1,675 | $5,985,000* List Price | 4 | 4 | 3,744 | $1,675 | - |
A 2155 Temple Hills Active 5 bd · 7 ba · 4,800 sqft · $1,249 · 0.7 mi | $5,995,000 List Price | 5 | 7 | 4,800 | $1,249 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The interior has been fully cleared and gutted, leaving the home without functional kitchens or bathrooms. While the structure dates to 1996, the property requires a complete custom remodel and rehab to be livable; interior listing images are digitally rendered illustrations of potential only.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22425, living area = 3744.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The property features rare 180-degree whitewater and ocean views from a private point lot, free from rooftop obstructions and visual clutter.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The interior has been completely cleared and the home is currently a shell, requiring a full-scale renovation before it can be occupied.
Beyond the purchase price, the buyer must be prepared for the significant financial investment required to execute the approved three-level transformation.
Perched at the end of an elevated, single-loaded cul-de-sac shared by just four homes, this rare Mystic Hills estate presents an extraordinary opportunity to create a private coastal retreat or showpiece entertainer’s residence. Set on a 22,000-square-foot, half-acre point lot, the property captures sweeping 180-degree ocean, whitewater and hillside views with exceptional privacy, open sightlines and no rooftop visual clutter. Offered for the first time in over sixty years, the residence has been fully cleared on the interior and is ready for a complete custom remodel. Seller has secured January 2026 Design Review Board approval for a major three-level transformation of approximately 6,800 square feet, offering a remarkable head start for the next owner’s vision. A once-in-a-generation Laguna Beach offering, this property combines scale, privacy, views and location in a setting that simply cannot be replicated. All remodeled and furnished images are digitally created to illustrate the home’s potential; the property is currently vacant, unfurnished and ready for renovation.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 2.3 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,744 | 2,265.258 |
| Lot Size | 22,425 | 6,028.677 |
| Price | $5.99M | $3.56M |
| Price per sq ft | $1.6K | $1.7K |
| Built year | 1996 | 1971 |
| HOA | $0 | $3.7K |
| Days on market | 37 | 74 |
Sep 18, 2026
$5,985,000
Initial Listing
Jun 15, 2023
$4,200,000
Public Record