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1565 N Coast 5, Laguna Beach, California 92651, Laguna Beach, 92651 - 2 bed, 2 bath

1565 N Coast 5, Laguna Beach, California 92651 home-pic-0
ACTIVE UNDER CONTRACT$1,764,000
1565 N Coast 5, Laguna Beach, California 92651
2Beds
2Baths
1,847Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location: Unbeatable location on the ocean side of PCH in North Laguna Beach, within a 10-minute walk to the picturesque Crescent Bay Beach & Park, and minutes from world-class dining, shopping, and other beaches.
Top Cons:
Significant Price Reductions: The property has undergone multiple substantial price reductions from its initial list price of $1.995M to the current $1.764M, potentially indicating market resistance or initial overpricing.

Compared to the nearby listings

Price:$1.76M vs avg $1.31M (+$451,500)65%
Size:1,847 sqft vs avg 1,165 sqft90%
Price/sqft:$955 vs avg $1.2K15%

More Insights

Built in 2001 (24 years old).
Condition: This property, built in 2001, is described as 'recently renovated' and the images strongly support this claim. The kitchen features modern stainless steel appliances, sleek wood cabinetry, stone countertops, and contemporary lighting, all in pristine condition. The bathrooms are equally impressive with modern vanities, stone countertops, undermount sinks, contemporary fixtures, glass-enclosed showers with rain heads, and a soaking tub, appearing virtually new. The consistent light hardwood flooring throughout the living areas and bedrooms is in excellent shape, and the overall aesthetic is clean, contemporary, and move-in ready with no visible signs of wear or deferred maintenance. The high-quality finishes and modern updates align perfectly with the 'excellent' criteria for a recently renovated property.
Year Built
2001
Close
-
List price
$1.76M
Original List price
$2M
Price/Sqft
$955
HOA
$600
Days on market
-
Sold On
-
MLS number
OC24196530
Home ConditionExcellent
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods

About this home

You know what they say about location and this townhome has it! Within about a 10 minute walk you will be at the picturesque Crescent Bay Beach & Park. Trip Advisor visitor said, “This is a gorgeous, iconic, small park in Laguna Beach. It’s a great place for dogs to run around. And it’s one of the best places in Orange County to spot whales (during gray whale migration season) and dolphins without going out to sea.” Both Crescent beach and Park are in the top 10 locations in Laguna Beach to visit and now you can live here year around and not have to worry about parking. Unbeatable location on the ocean side of PCH in north Laguna Beach in the prestigious gated community, Crescent Bay Villas, this sophisticated recently renovated, move-in ready two-story luxury townhome is near a park, beach, dining, grocery shopping and about 20 minutes from downtown on the free trolley. The ground floor offers a spacious primary bedroom which opens to a private patio, wood burning fireplace, walk-in closet, washer/dryer, 2 bathrooms complete with ample storage, stone countertops, shower, and a soaking tub complete with ample storage. Upstairs is the family room with the second wood burning fireplace, dining room and a chef's kitchen. Gorgeous cabinetry and lots of storage throughout. The Villa residents enjoy 2 assigned parking spaces and a walk-in storage locker in the gated parking garage, as well as a gym. Both Crescent beach and park are in the top 10 locations to visit in Laguna Beach and now you can live here year around and not have to worry about parking. Just minutes to enjoy all the world-class dining, shopping, and beaches of Laguna Beach and Crystal Beach and Corona Del Mar.

Condition Rating
Excellent
This property, built in 2001, is described as 'recently renovated' and the images strongly support this claim. The kitchen features modern stainless steel appliances, sleek wood cabinetry, stone countertops, and contemporary lighting, all in pristine condition. The bathrooms are equally impressive with modern vanities, stone countertops, undermount sinks, contemporary fixtures, glass-enclosed showers with rain heads, and a soaking tub, appearing virtually new. The consistent light hardwood flooring throughout the living areas and bedrooms is in excellent shape, and the overall aesthetic is clean, contemporary, and move-in ready with no visible signs of wear or deferred maintenance. The high-quality finishes and modern updates align perfectly with the 'excellent' criteria for a recently renovated property.
Pros & Cons

Pros

Prime Coastal Location: Unbeatable location on the ocean side of PCH in North Laguna Beach, within a 10-minute walk to the picturesque Crescent Bay Beach & Park, and minutes from world-class dining, shopping, and other beaches.
Exclusive Gated Community: Situated in the prestigious Crescent Bay Villas, offering security, privacy, and valuable amenities including a gym, two assigned parking spaces, and a walk-in storage locker.
Move-in Ready & Recently Renovated: The sophisticated two-story townhome is recently renovated and move-in ready, featuring gorgeous cabinetry and ample storage throughout.
Desirable Interior Features: Includes two wood-burning fireplaces, a chef's kitchen, a spacious primary bedroom with a private patio, walk-in closet, stone countertops, and a soaking tub.
Convenient Lifestyle & Accessibility: Offers easy access to local attractions via a free trolley, eliminates parking concerns, and is near essential amenities like grocery shopping, parks, and beaches.

Cons

Significant Price Reductions: The property has undergone multiple substantial price reductions from its initial list price of $1.995M to the current $1.764M, potentially indicating market resistance or initial overpricing.
Limited View: Despite its prime coastal location on the ocean side of PCH, the listed view is 'Trees/Woods,' which may not meet the high expectations for ocean views often associated with luxury Laguna Beach properties.
Condominium Ownership & HOA Fees: As a condominium, it incurs a $600 monthly association fee, which adds to the cost of ownership and may involve community rules and restrictions.

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