1505 Coral Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 4 bath
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Laguna Beach, California 92651
This Luxury Single Family Residence is a premium offering listed at $7,495,000, positioned above the $6,419,862 Fair Market Value. While priced at the top of the market, the property features a Condition Rating of 2, reflecting a comprehensive, high-end modern renovation. Situated on an expansive 17,710 square foot lot in Mystic Hills, the home offers Panoramic Ocean and Coastline Views and proximity to Top-Rated 9/10 Schools within the Laguna Beach Unified district. This turnkey sanctuary is an ideal acquisition for Luxury Homeowners or Discerning Buyers seeking an elevated coastal lifestyle.
Property is new construction or fully renovated.
Although originally built in 1965, the property has clearly undergone a high-end, comprehensive modern renovation within the last 5 years. The exterior shows mint condition with contemporary architectural lines, premium wood garage doors, and professional landscaping. The significant price appreciation from $4.35M in 2020 to $7.495M indicates a complete overhaul of the interior, kitchen, baths, and mechanical systems to luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17710, living area = 2926.
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 boasts world-class, unobstructed views of Catalina Island, the Pacific Ocean, and the coastline, perfectly capturing the 'where the ocean meets the sky' aesthetic.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1965, the home may require substantial capital investment for modern structural upgrades or cosmetic renovations to align with its $7.5M luxury price point.
With a list price of approximately $2,561 per square foot, the property is positioned at the top of the market, which may present a challenge for appraisal or future appreciation.
Where the ocean meets the sky.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 2.5 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 4.0 | 3.0 | 64% |
| Square foot | 2,926 | 2,120 | 79% |
| Lot Size | 17,710 | 6,125 | 95% |
| Price | $7.50M | $3.20M | 87% |
| Price per sq ft | $2.6K | $1.6K | 86% |
| Built year | 1965 | 1964 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 171 | 3% |
May 12, 2026
$7,495,000
Initial Listing
Jan 3, 2020
$4,350,000
Public Record
Aug 2, 2018
$3,050,000
Public Record
Jun 15, 2009
$1,750,000
Public Record