
Laguna Beach, California 92651
This Brand-New Luxury Coastal Residence is a Strong Value Opportunity, listed at $12,495,000—positioned well below the $13,491,229 Fair Market Value by 7%. This valuation gap offers $996,229 in Instant Equity. Featuring a Condition Rating of 2, this Rory Foubister-designed home includes a 1,000-square-foot ADU, panoramic ocean views, and premium finishes. Located in the Laguna Beach Unified district with Top-Rated Schools, this property is an ideal acquisition for Luxury Homeowners or Sophisticated Investors seeking a premier coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1902 Ocean Way Subject 5 bd · 6 ba · 3,062 sqft · $4,406 | $12,495,000* List Price | 5 | 6 | 3,062 | $4,406 | - |
A 2049 Ocean Way Active 4 bd · 4 ba · 2,777 sqft · $4,499 · 0.1 mi | $12,495,000 List Price | 4 | 4 | 2,777 | $4,499 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand-new luxury construction scheduled for completion in Q1 2027. The property features state-of-the-art systems including zoned HVAC and Lutron automation, a high-end chef's kitchen with Sub-Zero and Miele appliances, and premium modern finishes throughout.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Sited on a premier elevated lot in Woods Cove, this Rory Foubister-designed home offers breathtaking panoramic views of the Pacific and Catalina Island, complemented by ultra-premium materials like European white oak and Perla Venata stone.
The property includes a rare, fully permitted 1,000-square-foot ADU featuring its own kitchen and ocean views, providing significant versatility for multi-generational living or high-end guest accommodations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6477, other record lot size in square feet = 6312. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3062, other record living area = 2062.
As the property is currently under construction with a scheduled completion in the first quarter of 2027, buyers must be prepared for a significant waiting period before the home is move-in ready.
With a list price of nearly $12.5 million for approximately 3,062 square feet of main living space, the property commands a significant price-per-square-foot premium that may limit the pool of value-driven buyers.
Brand-new and scheduled for completion in the first quarter of 2027, this exceptional coastal residence is sited on a premier elevated lot with sweeping views of the Pacific Ocean and Catalina Island, offering a rare opportunity in Laguna Beach’s coveted Woods Cove neighborhood. Currently under construction, with renowned architect Rory Foubister, and interiors and material curation by Kaytia Designs, the home is being reimagined into a sophisticated five-bedroom, five-and-one-half bath retreat. The offering includes a fully permitted approximately 1,000-square-foot ADU with its own ocean views and private kitchen. The residence blends timeless coastal architecture with refined material selections. Exterior features include clear vertical-grain cedar siding, AAA Stone Tundra Cream accents, limestone hardscape, Thermory ash wood used in select exterior applications including fencing and architectural detailing, and curated exterior lighting. Outdoor living is designed for entertaining with multiple seating areas, a spa, outdoor kitchen, and dramatic gas fire features. Interiors showcase wide-plank European French white oak flooring, limewash walls, and custom bleached white oak bespoke cabinetry throughout both the main residence and ADU. The chef’s kitchen features Perla Venata stone countertops, an oversized island, secondary prep kitchen, and professional-grade appliances including Sub-Zero refrigeration, BlueStar cooking, and Miele systems. Bathrooms are appointed with natural stone, Zellige tile, slab stone in the primary bath, steam shower, Toto fixtures, and washlets. Additional highlights include custom interior doors, Visual Comfort and Prado lighting, Town & Country gas fireplaces, zoned HVAC, Lutron lighting, and home automation. The home is being sold complete, with construction scheduled for completion in Q1 of 2027.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 3.1 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 6.0 | 3.0 |
| Square foot | 3,062 | 2,265.258 |
| Lot Size | 6,477 | 6,028.677 |
| Price | $12.49M | $3.56M |
| Price per sq ft | $4.1K | $1.7K |
| Built year | 2026 | 1971 |
| HOA | $0 | $3.7K |
| Days on market | 34 | 74 |
Sep 21, 2026
$12,495,000
Initial Listing
Apr 20, 2022
$5,500,000
Public Record
Apr 23, 2010
$2,669,000
Public Record
Jun 4, 2004
$2,900,000
Public Record