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1450 Terrace Way, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 3 bath

1450 Terrace Way, Laguna Beach, California 92651 home-pic-0
ACTIVE$3,890,000
1450 Terrace Way, Laguna Beach, California 92651
4Beds
3Baths
2,440Sqft
6,732Lot

Price Vs. Estimate

The estimated value ($3,840,229.8) is $49,770.2 (1%) lower than the list price ($3,890,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Coastal Location: Situated in the coveted lower Temple Hills neighborhood on a peaceful one-way loop, offering convenience to Laguna's vibrant village and pristine beaches while maintaining a serene atmosphere.
Top Cons:
Discrepancy with Market Estimation: The current list price of $3.89M is notably higher than the estimated property value of $3.45M, suggesting a potential overvaluation in the current market.

Compared to the nearby listings

Price:$3.89M vs avg $3.12M (+$765,000)65%
Size:2,440 sqft vs avg 2,018 sqft63%
Price/sqft:$1.6K vs avg $1.6K53%

More Insights

Built in 1979 (46 years old).
Condition: Despite being built in 1979, the property has undergone a meticulous and extensive renovation, as stated in the description and clearly evident in the images. The kitchen features modern, high-end finishes including a waterfall island, dark flat-panel cabinetry, open shelving, and stainless steel appliances. The bathrooms are equally impressive with contemporary vanities, stylish tiling, and modern fixtures. Throughout the home, light hardwood flooring, recessed lighting, and fresh paint contribute to a virtually new appearance, meeting current quality standards with no visible deferred maintenance.
Year Built
1979
Close
-
List price
$3.89M
Original List price
$4.15M
Price/Sqft
$1,594
HOA
-
Days on market
-
Sold On
-
MLS number
LG25116950
Home ConditionExcellent
Features
Excellent View: City Lights, Hills, Neighborhood, Ocean, Water
Deck
Patio
ViewCity Lights,Hills,Neighborhood,Ocean,Water

About this home

1450 Terrace Way offers a front-row seat to Laguna’s legendary coastline—perched just above the village in the coveted lower Temple Hills neighborhood. With panoramic ocean vistas from all main living spaces, this home is perfectly positioned for sunset dinners, enjoying the ocean breeze, and year-round coastal living. Architecturally distinctive, the residence is located on a peaceful one-way loop street that combines convenience with gracious living. Just moments from Laguna’s vibrant village and pristine beaches, yet away from the hustle and bustle, the location is second to none. Inside, the home has been meticulously redesigned with modern, high-end finishes, while preserving its unique design elements and creative character. A serene primary retreat offers the perfect place to unwind. Beautifully appointed guest bedrooms make this home ideal for hosting. Most bedrooms offers direct access to the outdoors. Expansive ocean-view decks extend the living space, ideal for enjoying the California coastal lifestyle. Additional features include a rare three-car garage, abundant storage throughout, and a generous bonus space separate from the home—perfect for an art studio, office, media room, or wine cellar. Blending architectural beauty with ultimate comfort and functionality, this residence is a standout in Laguna Beach.

Nearby schools

9/10
Top Of The World Elementary School
Public,•K-5•0.8mi
9/10
Thurston Middle School
Public,•6-8•0.5mi
9/10
Laguna Beach High School
Public,•9-12•0.7mi
Condition Rating
Excellent
Despite being built in 1979, the property has undergone a meticulous and extensive renovation, as stated in the description and clearly evident in the images. The kitchen features modern, high-end finishes including a waterfall island, dark flat-panel cabinetry, open shelving, and stainless steel appliances. The bathrooms are equally impressive with contemporary vanities, stylish tiling, and modern fixtures. Throughout the home, light hardwood flooring, recessed lighting, and fresh paint contribute to a virtually new appearance, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Prime Coastal Location: Situated in the coveted lower Temple Hills neighborhood on a peaceful one-way loop, offering convenience to Laguna's vibrant village and pristine beaches while maintaining a serene atmosphere.
Panoramic Ocean Vistas: Boasts breathtaking panoramic ocean views from all main living spaces, extending to city lights and hills, providing an unparalleled coastal living experience.
Meticulously Redesigned Interior: The home has been meticulously redesigned with modern, high-end finishes, preserving its unique architectural character and offering contemporary comfort.
Expansive Outdoor Entertainment Spaces: Features expansive ocean-view decks that significantly extend the living space, complemented by direct outdoor access from most bedrooms, ideal for enjoying the California lifestyle.
Valuable Auxiliary Features: Includes a rare three-car garage, abundant storage, and a generous separate bonus space perfect for a studio, office, or media room, adding significant utility and value.

Cons

Discrepancy with Market Estimation: The current list price of $3.89M is notably higher than the estimated property value of $3.45M, suggesting a potential overvaluation in the current market.
Recent Price Reduction: The property has already experienced a significant price reduction from its original list price of $4.15M, which may indicate initial overpricing or challenges in attracting buyers.
Original Construction Year (1979): While recently redesigned, the property's original construction year of 1979 means some core systems or structural elements may be older, potentially requiring future maintenance or upgrades not covered by the aesthetic redesign.

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