
Laguna Beach, California 92651
This Coastal Value-Add Estate is listed at $3,995,000, positioned near its $3,922,902 Fair Market Value. Currently holding a Condition Rating of 4, the residence presents a significant opportunity to "reimagine" the interior and capture forced appreciation. The property features Panoramic Ocean Views and a rare 21,214 Sq Ft Lot, offering a scale and privacy level seldom found in Temple Hills. With access to 9/10 Rated Schools including Top Of The World Elementary and Laguna Beach High, this is a strategic acquisition for Luxury Renovators or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1992 San Remo Subject | $3,995,000* List Price | 3 | 4 | 3,158 | $1,242 | - |
A 2867 Chateau Way Sold | $3,725,000 | 5 | 3 | 2,671 | $1,395 | 0.6 mi |
B 2210 Temple Hills Drive Active | $3,599,000 List Price | 4 | 3 | 3,092 | $1,164 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, the property is 36 years old and retains a dated aesthetic. While the kitchen features high-end Viking and Sub-Zero appliances, the cabinetry, tile flooring, and wood-slat ceilings reflect a 20-30 year old renovation style. The listing explicitly describes it as a 'value-add opportunity' to 'reimagine,' confirming it needs modern updates despite being well-maintained.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21214, living area = 3158.
Elementary School: Top Of The World Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The property commands breathtaking, unobstructed views of the Pacific Ocean, Catalina Island, and the Laguna Beach coastline from nearly every major room and three expansive balconies.
Built in 1988, the home is positioned as a 'reimagine' opportunity, suggesting that buyers may want to invest in significant cosmetic updates to align the interior with contemporary luxury standards.
The residence is distributed across three distinct levels, which may be a drawback for buyers seeking single-level accessibility or a more integrated floor plan.
Perched above Laguna Beach on expansive street-to-street parcel, 1992 San Remo Drive captures sweeping panoramic views spanning whitewater ocean, the Hotel Laguna, breaking waves @ Main Beach, Catalina Island, canyon ridgelines, and sparkling city lights. Positioned on nearly half an acre, the property offers a rare sense of scale, privacy, view and elevation that is increasingly hard to find. Spanning approximately 3,100+ square feet across three levels, the James Lashley designed residence maximizes both volume and vantage point. Multiple living areas and oversized windows frame the unobstructed views from nearly every major room, while three balconies extend the living experience outdoors—creating seamless indoor-outdoor flow and ideal settings for entertaining or quiet sunset evenings. The kitchen is equipped with professional grade Viking and Sub-Zero appliances, blending high-performance capability with everyday livability. Throughout the home, a subtle Spanish influence emerges through reclaimed and hand-carved doors, adding warmth, texture, and a sense of timeless character. The home’s layout provides flexibility beyond its three-bedroom configuration, including a generous bonus space ideal for a fourth bedroom, office, or media room. The primary suite offers a private retreat, highlighted by an oversized walk-in closet and proportions that enhance the home’s overall sense of scale. With substantial square footage and strong architectural bones, the property presents an opportunity to enjoy as-is or reimagine into a modern coastal showpiece. At over 21,000 sq ft, the property offers exceptional potential for expanded outdoor living—whether through gardens, terraces, or curated entertaining spaces—all while maintaining privacy and unobstructed sightlines. A unique combination of sweeping ocean, sand, and island views, generous lot size, architectural character, and versatile interior scale—this is a compelling value-add opportunity in one of Laguna Beach’s most sought-after hillside enclaves.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.2 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 65% |
| Square foot | 3,158 | 2,118.5 | 81% |
| Lot Size | 21,214 | 6,125 | 96% |
| Price | $4.00M | $3.20M | 66% |
| Price per sq ft | $1.3K | $1.5K | 23% |
| Built year | 1988 | 1964 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 175 | 3% |
May 5, 2026
$3,995,000
Initial Listing
Apr 9, 2009
$1,600,000
Public Record
Jun 30, 2000
$47,500
Public Record
Oct 29, 1998
$924,000
Public Record