1902 Ocean Way, Laguna Beach, California 92651, Laguna Beach, 92651 - 5 bed, 7 bath
ACTIVE$6,749,000
1902 Ocean Way, Laguna Beach, California 92651
5Beds
7Baths
3,062Sqft
6,477Lot
Price Vs. Estimate
The estimated value ($5,986,667.44) is $762,332.56 (11%) lower than the list price ($6,749,000). This property may be overpriced.
Key pros and cons
Top Pros:
Unbeatable Coastal Location: Situated on Ocean Way in the prestigious Woods Cove subdivision of Laguna Beach, offering unparalleled access to the coast and a highly desirable lifestyle.
Top Cons:
Unfinished Construction: The property is currently 'in the process of finishing,' indicating that a buyer will inherit an incomplete project, requiring additional time, effort, and potentially significant investment to finalize.
Compared to the nearby listings
Price:$6.75M vs avg $3.12M (+$3,624,000)86%
Size:3,062 sqft vs avg 2,018 sqft75%
Price/sqft:$2.2K vs avg $1.6K77%
More Insights
Built in 1929 (96 years old).
Condition: Despite the 1929 build year, the listing states the 'Owner is in the process of finishing the house,' and all provided images are high-quality renderings of a completely modern, high-end design. This indicates a recent, extensive renovation or new construction. The kitchen and bathrooms, as depicted, feature contemporary styles, new fixtures, and high-quality finishes, consistent with a newly built or fully renovated luxury home. The property will be virtually new upon completion.
Year Built
1929
Close
-
List price
$6.75M
Original List price
$6.75M
Price/Sqft
$2,204
HOA
-
Days on market
-
Sold On
-
MLS number
LG25020992
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Coastline, Ocean, Panoramic
ViewCatalina,City Lights,Coastline,Ocean,Panoramic
About this home
Owner is in the process of finishing the house.
Nearby schools
9/10
Top Of The World Elementary School
Public,•K-5•1.6mi
9/10
El Morro Elementary School
Public,•K-5•3.1mi
9/10
Thurston Middle School
Public,•6-8•1.5mi
9/10
Laguna Beach High School
Public,•9-12•1.1mi
Condition Rating
Excellent
Despite the 1929 build year, the listing states the 'Owner is in the process of finishing the house,' and all provided images are high-quality renderings of a completely modern, high-end design. This indicates a recent, extensive renovation or new construction. The kitchen and bathrooms, as depicted, feature contemporary styles, new fixtures, and high-quality finishes, consistent with a newly built or fully renovated luxury home. The property will be virtually new upon completion.
Pros & Cons
Pros
Unbeatable Coastal Location: Situated on Ocean Way in the prestigious Woods Cove subdivision of Laguna Beach, offering unparalleled access to the coast and a highly desirable lifestyle.
Expansive Panoramic Views: Boasts breathtaking panoramic views of Catalina Island, the Pacific Ocean, city lights, and the coastline, significantly enhancing its luxury appeal and value.
Substantial Living Space: With 5 bedrooms and 7 bathrooms across 3062 sqft, the property offers ample space for luxurious living, entertaining, and accommodating a large family or guests.
Desirable Lot Size: The generous 6477 sqft lot provides significant outdoor space in a prime coastal area, offering potential for landscaping, outdoor amenities, or privacy.
Prestigious Laguna Beach Market: Located in one of Southern California's most exclusive and sought-after coastal cities, ensuring strong long-term appreciation potential and a high-demand market.
Cons
Unfinished Construction: The property is currently 'in the process of finishing,' indicating that a buyer will inherit an incomplete project, requiring additional time, effort, and potentially significant investment to finalize.
Age of Structure & Potential Upgrades: Built in 1929, the home's age suggests potential for outdated infrastructure (plumbing, electrical, HVAC) that may require substantial and costly upgrades beyond the current finishing work.
High Investment for Incomplete Property: The $6.749 million list price for an unfinished home represents a substantial upfront investment, which may deter buyers seeking a move-in ready luxury property and could limit the buyer pool.