1585 Del Mar, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 3 bath
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Laguna Beach, California 92651
This property presents a Strong Value Opportunity with a List Price of $2,395,000—positioned well below the $2,534,715 Fair Market Value by 5%. This valuation gap offers $139,715 in Instant Equity. Featuring a Condition Rating of 5, the home serves as a blank canvas for redevelopment, bolstered by a 7,500 sqft lot and panoramic ocean views. Located in the Laguna Beach Unified district, this is a high-reward acquisition ideal for Fix-and-Flip Investors or Builders seeking a premier coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1585 Del Mar Subject | $2,395,000* List Price | 4 | 3 | 2,905 | $873 | - |
A 1096 Madison Place Sold | $2,180,000 | 3 | 3 | 2,255 | $967 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976 (48 years old) with no recorded renovations; the listing describes the property as a 'blank canvas for renovation or redevelopment' and 'ideal for investors,' signaling that the kitchen, baths, and systems likely require a full rehab.
The inclusion of additional parcels and a 'blank canvas' structure offers a rare opportunity for a custom coastal redevelopment or a high-yield investment in a premier Laguna Beach neighborhood.
Situated in the elevated Arch Beach Heights community, the property boasts ocean and city light view potential, providing a scenic backdrop that significantly enhances market value.
With a 7,500 sqft lot and a 3-car garage, this property provides more land area and parking capacity than many standard listings in the area, offering superior privacy and utility.
The home is being sold in its current condition as a fixer-upper or teardown, requiring substantial additional capital investment and time for restoration or new construction.
The additional parcels are currently unimproved, requiring buyers to navigate complex city due diligence regarding access, usage rights, and building permits.
Nestled in the highly sought-after Arch Beach Heights community of Laguna Beach, this rare offering presents a unique opportunity to create something truly special in one of Southern California’s most desirable coastal neighborhoods. Featuring 4 bedrooms, 2.5 bathrooms, and a 3-car garage, the home is situated on a property with ocean view potential and offers a blank canvas for renovation or redevelopment. Whether you’re looking to restore the existing home or design a custom coastal retreat, the upside here is undeniable. Included in the sale are additional parcels, providing expanded land area and added flexibility for future use, privacy, or long-term investment potential. These parcels are not currently improved, and buyers are encouraged to conduct their own due diligence with the City of Laguna Beach regarding access, use, and development possibilities. The property is being offered in its current condition and is ideal for investors, builders, or end-users seeking an opportunity in a premier Laguna Beach location. Arch Beach Heights is known for its elevated setting, scenic surroundings, proximity to world-class beaches, hiking trails, and top-rated schools. Opportunities like this—with multiple parcels and ocean view potential—rarely come to market. Don’t miss the chance to unlock the full potential of this exceptional property.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 3.6 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,905 | 2,130 | 78% |
| Lot Size | 7,500 | 6,125 | 65% |
| Price | $2.40M | $3.20M | 25% |
| Price per sq ft | $824 | $1.5K | 3% |
| Built year | 1976 | 1964 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 170 | 3% |
May 12, 2026
$2,395,000
Initial Listing