
Laguna Beach, California 92651
This architecturally significant beachfront masterpiece is a Strong Value Opportunity, listed at $12,900,000—positioned well below the $13,877,432 Fair Market Value by 7%. This valuation gap offers $977,432 in Instant Equity. The iconic "Gull House" boasts a Mint Condition Rating following a comprehensive renovation, featuring panoramic whitewater views, a chef’s kitchen, and proximity to top-rated 9/10 schools. This turn-key sanctuary is an elite acquisition for Owner-Occupants or high-net-worth investors seeking a trophy asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2049 Ocean Way Subject | $12,900,000* List Price | 4 | 4 | 2,777 | $4,956 | - |
A 1715 Ocean Way Active | $13,995,000 List Price | 3 | 4 | 2,951 | $4,742 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is in mint condition following a comprehensive recent renovation. Key updates include a new roof, full repiping, dual AC condensers, and a fully remodeled primary bath. High-end finishes and top-tier appliances (Miele, Viking, Sub-Zero) throughout ensure no immediate maintenance is required.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Designed by Helena Arahuete of John Lautner Associates, this iconic 'Gull House' offers a rare blend of architectural significance and contemporary beachfront luxury with high-end materials like rosewood and Italian travertine.
Situated directly above Woods Cove with private beach access, the property provides unparalleled panoramic whitewater and sunset views from all three levels of the residence.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With a list price of $12.9 million for 2,777 square feet, the property commands a significant premium of over $4,600 per square foot, which may limit the pool of qualified buyers.
The interior square footage is relatively modest for a luxury residence at this price point, potentially feeling constrained for buyers accustomed to more expansive beachfront estates.
Newly renovated and extensively reimagined, the iconic "Gull House" at 2049 Ocean Way is a rare beachfront architectural masterpiece poised directly above the breathtaking beauty of Woods Cove, one of Laguna Beach's most picturesque coves. Designed by renowned, award winning architect Helena Arahuete of John Lautner Associates, this one of a kind contemporary residence is defined by striking angles, seamless indoor outdoor living, and timeless design. Three light filled levels, served by a private elevator, unfold across 4 bedrooms plus an office and 3.5 baths, thoughtfully designed to maximize both form and function. Rich materiality defines the interiors, with plank matched rosewood walls, koa wood accents, and Italian travertine slab flooring creating a warm yet sophisticated coastal aesthetic, while walls of glass frame uninterrupted whitewater and horizon views. At the heart of the home, a chef's kitchen outfitted with top tier appliances by Viking, Sub Zero, and Miele is ideal for both everyday living and grand scale entertaining. The primary suite is a sanctuary unto itself, with a newly reimagined spa inspired bath featuring a dual vanities and a generous walk in closet, along with a private balcony and outdoor shower overlooking the cove. A comprehensive renovation has elevated, with upgrades including a new roof, windows and exterior doors, full repiping, dual AC condensers, Miele appliances, EV charger, fresh interior and exterior paint, a fully remodeled primary bath, and updated travertine and waterproofing at the entry. Steps from direct access to Woods Cove Beach and moments from Laguna’s premier dining and shopping, including oceanfront dining at Splashes at the Surf & Sand Resort, the Gull House offers something exceptionally rare: an architecturally significant beachfront residence, beautifully renovated, on one of Southern California’s most storied coastlines.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 3.2 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 4.0 | 3.0 | 63% |
| Square foot | 2,777 | 2,148 | 76% |
| Lot Size | 6,350 | 6,125 | 52% |
| Price | $12.90M | $3.22M | 93% |
| Price per sq ft | $4.6K | $1.5K | 97% |
| Built year | 2006 | 1964 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 166 | 4% |
May 5, 2026
$12,900,000
Initial Listing
Apr 30, 2025
$7,500,000
Public Record
Mar 11, 2016
$6,174,000
Public Record