20 Lagunita Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 4 bath

20 Lagunita Drive, Laguna Beach, California 92651 home-pic-0
ACTIVE$12,700,000
20 Lagunita Drive, Laguna Beach, California 92651
4Beds
4Baths
3,500Sqft
7,440Lot
Year Built
1940
Close
-
List price
$12.7M
Original List price
$12.7M
Price/Sqft
$3,629
HOA
$950
Days on market
-
Sold On
-
MLS number
OC25202480
Home ConditionTear down
Features
Excellent View: Catalina, Coastline, Ocean, Panoramic, Water
Deck
Patio
ViewCatalina, Coastline, Ocean, Panoramic, Water

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $12.70M(95th), sqft - 3500(81th), beds - 4(58th), baths - 4(64th).

Price includes approved permit ready plans from renowned architect Chris Light. One of just fifteen homes set on the sand, in the idyllic, oceanfront community – Lagunita. Rich with history and charm, the comfortable, spacious, and accommodating residence is enveloped by the sights and sounds of the captivating seaside. Three levels of generous living spaces perfectly frame enchanting views of the Pacific, while three expansive terraces afford the ideal environment for outdoor living and entertaining – alongside a spectacular natural panorama. Ideally situated, this property enjoys its own private portion of the beach – and is just steps to scenic and iconic Victoria Beach. This is the perfect opportunity to live within a private, gated oceanfront enclave or to explore redevelopment in this exceptional setting.

Nearby schools

9/10
El Morro Elementary School
Public,K-53.9mi
9/10
Thurston Middle School
Public,6-82.1mi
9/10
Laguna Beach High School
Public,9-121.9mi

Price History

Date
Event
Price
09/08/25
Listing
$12,700,000
Condition Rating
Tear down

Built in 1940, the existing structure is over 80 years old and appears significantly dated in the provided interior images (e.g., older ceiling fans, traditional fireplace, dated flooring). Crucially, the listing explicitly includes 'approved permit ready plans from renowned architect Chris Light' for redevelopment, and the initial images are renderings of a completely new, modern home. The property's weaknesses highlight its age and the need for 'extensive modernization' or 'significant additional investment' for construction to realize its full potential. While described as 'comfortable,' the emphasis on redevelopment and the lack of any modern kitchen or bathroom photos strongly suggest the property's value lies almost entirely in its unparalleled oceanfront land and its potential for a new, high-end build, rather than the existing structure.
Pros & Cons

Pros

Unparalleled Oceanfront Location & Exclusivity: The property is one of just fifteen homes set directly on the sand within the private, gated Lagunita community, offering direct beach access and an exclusive oceanfront lifestyle.
Approved Redevelopment Plans Included: The price includes approved, permit-ready plans from renowned architect Chris Light, significantly de-risking and streamlining the process for a high-value renovation or rebuild.
Spectacular Panoramic Ocean Views: The residence offers enchanting panoramic views of the Pacific Ocean, Catalina Island, and the coastline from multiple levels and rooms.
Exceptional Outdoor Living Spaces: Three expansive terraces provide ideal environments for outdoor living and entertaining, maximizing enjoyment of the natural panorama and seaside ambiance.
Top-Rated School District: The property is located within the highly-rated Laguna Beach Unified School District, with all listed elementary, middle, and high schools receiving a rating of 9.

Cons

Age of Existing Structure: Built in 1940, the existing residence is over 80 years old, which may imply outdated systems, potential for significant maintenance, or the need for extensive modernization if not redeveloped.
High Monthly Association Fees: The property incurs a substantial monthly association fee of $950, adding a significant recurring cost to ownership.
Significant Additional Investment Required: While redevelopment plans are included, the description suggests the current structure may not meet modern luxury standards, implying a substantial additional investment will be necessary for construction to realize the property's full potential.

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