2040 Ocean Way, Laguna Beach, California 92651, Laguna Beach, 92651 - 2 bed, 3 bath

2040 Ocean Way, Laguna Beach, California 92651 home-pic-0
ACTIVE$8,995,000
2040 Ocean Way, Laguna Beach, California 92651
2Beds
3Baths
2,826Sqft
4,250Lot

Price Vs. Estimate

The estimated value ($8,232,391.33) is $762,608.67 (8%) lower than the list price ($8,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Panoramic Ocean Views: Offers breathtaking, unobstructed panoramic views of the Pacific Ocean, Catalina Island, and coastline from nearly every room, significantly enhancing its appeal and value.
Top Cons:
Limited Bedroom Count: With only two bedrooms for a 2,826 sqft luxury residence, it may not meet the needs of larger families or buyers expecting more guest accommodations at this price point.

Compared to the nearby listings

Price:$8.99M vs avg $3.12M (+$5,870,000)91%
Size:2,826 sqft vs avg 2,018 sqft71%
Price/sqft:$3.2K vs avg $1.6K94%

More Insights

Built in 2020 (5 years old).
Condition: This property, built in 2020, has been recently and extensively reimagined with meticulous attention to detail, as explicitly stated in the description. The kitchen boasts high-end amenities including bespoke cabinetry, a slab backsplash, and professional-grade Wolf appliances. Bathrooms feature luxurious materials like marble and modern fixtures, as evidenced by the stylish powder room in the image with its unique stone wall, modern lighting, and high-quality pedestal sink. All components are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
2020
Close
-
List price
$8.99M
Original List price
$8.99M
Price/Sqft
$3,183
HOA
-
Days on market
-
Sold On
-
MLS number
LG25011189
Home ConditionExcellent
Features
Excellent View: Catalina, Coastline, Ocean, Panoramic, Water
Deck
Pool
ViewCatalina, Coastline, Ocean, Panoramic, Water

About this home

Commanding breathtaking panoramas of the Pacific Ocean from nearly every vantage point, this residence seamlessly integrates contemporary, sophisticated interiors with the quintessential outdoor coastal living. Recently reimagined with meticulous attention to detail, the floor plan spans just over 2,800 square feet, offering two bedrooms and two-and-a-half bathrooms. The richly layered finishes create an elevated living environment, with imported Turkish stone, reclaimed wood-plank flooring, handcrafted millwork, and bespoke lighting celebrating craftsmanship throughout. Accessed from the street level via a custom glass elevator, the principal living area features stunning ocean vistas, a main sitting section with a fireplace, and the home’s dining portion set against a picture window. A Dutch door connects this space with one of the numerous outdoor areas. Anchored by a stone-top island, the open-concept kitchen offers every high-end amenity, from bespoke cabinetry, a slab backsplash, and an integrated high-end appliance package inclusive of a professional-grade six burner Wolf range with double ovens and a griddle to a farmhouse sink. Clad in a muted palette, the rear living space on this floor is a quiet retreat that leads onto the backyard: a lush sanctuary with a pool, sitting area, and fountains - truly an oasis in the city. A secondary bedroom with an adjacent bathroom and a generously sized walk-in closet round out this level of the home. Perched atop the residence, the primary suite is a statement of its own. Offering textural depth, its wood-paneled ceiling melds with luxurious wallpaper and contemporary lines of the accordion doors, which span the entire ocean-facing wall of the room, leading onto the private terrace. The ensuite bathroom with double vanities and marble-sheathed shower completes the topmost floor. No surface of this home was untouched during its renovation, and notable highlights include custom lighting, a whole-house audio system, ample garage space, and high-grade, non-flammable material throughout. The combination of enlivened interiors, breathtaking views, and a prime location of this residence is simply irreproducible.

Nearby schools

9/10
Top Of The World Elementary School
Public,K-51.6mi
9/10
El Morro Elementary School
Public,K-53.2mi
9/10
Thurston Middle School
Public,6-81.6mi
9/10
Laguna Beach High School
Public,9-121.2mi
Condition Rating
Excellent

This property, built in 2020, has been recently and extensively reimagined with meticulous attention to detail, as explicitly stated in the description. The kitchen boasts high-end amenities including bespoke cabinetry, a slab backsplash, and professional-grade Wolf appliances. Bathrooms feature luxurious materials like marble and modern fixtures, as evidenced by the stylish powder room in the image with its unique stone wall, modern lighting, and high-quality pedestal sink. All components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Exceptional Panoramic Ocean Views: Offers breathtaking, unobstructed panoramic views of the Pacific Ocean, Catalina Island, and coastline from nearly every room, significantly enhancing its appeal and value.
Recent High-End Renovation & Luxury Finishes: Meticulously reimagined in 2020 with no surface untouched, featuring imported Turkish stone, reclaimed wood flooring, handcrafted millwork, and bespoke lighting throughout.
Gourmet Chef's Kitchen: Boasts an open-concept kitchen equipped with a stone-top island, bespoke cabinetry, slab backsplash, and a professional-grade Wolf appliance package.
Private Backyard Oasis with Pool: Includes a lush, secluded backyard sanctuary featuring a pool, sitting area, and fountains, providing an exclusive outdoor retreat.
Prime Coastal Location & Unique Access: Situated in the highly desirable Woods Cove area of Laguna Beach, offering quintessential coastal living and unique street-level access via a custom glass elevator.

Cons

Limited Bedroom Count: With only two bedrooms for a 2,826 sqft luxury residence, it may not meet the needs of larger families or buyers expecting more guest accommodations at this price point.
Modest Lot Size: The 4,250 sqft lot is relatively small for a luxury property, potentially limiting expansive outdoor living space beyond the immediate backyard oasis.
Listed Above Estimated Market Value: The current list price of $8.995 million is approximately 8% higher than the property's estimated market value of $8.23 million, suggesting potential overpricing.

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