153 Cedar Way, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath

153 Cedar Way, Laguna Beach, California 92651 home-pic-0
ACTIVE$1,990,000
153 Cedar Way, Laguna Beach, California 92651
3Beds
3Baths
1,933Sqft
8,457Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unrivaled Panoramic Views: The property offers breathtaking panoramic views of the ocean, downtown city lights, and the dramatic coastline from its top-of-community position.
Top Cons:
Significant Completion Costs & Time: Being 'down to the studs,' the property requires substantial additional investment and time for the buyer to complete the construction and finishes.

Compared to the nearby listings

Price:$1.99M vs avg $1.31M (+$677,500)65%
Size:1,933 sqft vs avg 1,165 sqft90%
Price/sqft:$1.0K vs avg $1.2K25%

More Insights

Built in 1992 (33 years old).
Condition: The property is currently 'down to the studs,' meaning it is an unfinished construction site. There are no finished kitchens, bathrooms, flooring, or other interior components. While it offers a unique opportunity for customization, its current state is unlivable and requires substantial rehabilitation and completion of all interior systems and finishes.
Year Built
1992
Close
-
List price
$1.99M
Original List price
$1.99M
Price/Sqft
$1,029
HOA
$750
Days on market
-
Sold On
-
MLS number
OC25105660
Home ConditionPoor
Features
Excellent View: City Lights, Ocean, Panoramic
Deck
ViewCity Lights,Ocean,Panoramic

About this home

Presenting an unparalleled opportunity to finish this newly reimagined detached luxury condo in North Laguna walking distance to Main Beach. Experience breathtaking panoramic views encompassing the ocean, dazzling downtown city lights, and the dramatic coastline. This residence sits atop the community, features 3-levels, and an attached 2-car garage with direct access. Currently down to the studs and awaiting your personal vision to select the final, exquisite touches that will define your dream home. The expansive open-concept kitchen and great room flow seamlessly through walls of glass sliding doors to a private balcony, offering commanding views of downtown Laguna Beach. The master suite provides a serene retreat with dual vanity sinks, a generous walk-in closet, a luxurious shower, and windows framing captivating ocean scenes. Two additional bedrooms on the lower level each feature private access to an outdoor terrace. This exceptional property is poised for completion, allowing you the distinct privilege of curating the final details to your exacting standards.

Condition Rating
Poor

The property is currently 'down to the studs,' meaning it is an unfinished construction site. There are no finished kitchens, bathrooms, flooring, or other interior components. While it offers a unique opportunity for customization, its current state is unlivable and requires substantial rehabilitation and completion of all interior systems and finishes.
Pros & Cons

Pros

Unrivaled Panoramic Views: The property offers breathtaking panoramic views of the ocean, downtown city lights, and the dramatic coastline from its top-of-community position.
Prime North Laguna Location: Situated in highly desirable North Laguna, the property is within walking distance to Main Beach, offering exceptional coastal living.
Customization Opportunity: Currently 'down to the studs,' this presents a unique opportunity for the buyer to select all final finishes and personalize their luxury dream home to exacting standards.
Spacious Multi-Level Layout: Featuring three levels with an expansive open-concept design, private balconies, and an outdoor terrace, providing ample space and flow.
Convenient Direct-Access Garage: An attached 2-car garage with direct access offers significant convenience and security, a valuable amenity for a condominium.

Cons

Significant Completion Costs & Time: Being 'down to the studs,' the property requires substantial additional investment and time for the buyer to complete the construction and finishes.
High Monthly Association Fees: A monthly association fee of $750 adds a considerable ongoing cost to ownership, which may impact affordability for some buyers.
Condominium Ownership Limitations: Despite being a detached luxury condo, it is still subject to condominium association rules and regulations, which may not appeal to buyers seeking full autonomy of a single-family home.

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