
Laguna Beach, California 92651
This Historic Coastal Value-Add Estate is listed at $4,250,000, representing a stable entry point near its $4,189,604 Fair Market Value. Currently holding a Condition Rating of 5, the 1926 residence requires significant modernization of its vintage interiors and core systems to reach its full potential. The property’s primary value is anchored by a rare Street-to-Street Double Lot and Panoramic Ocean Views of Catalina Island. Supported by 9/10 Rated Schools within the Laguna Beach Unified District, this is a premier restoration project for Luxury Developers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2147 Crestview Drive Subject | $3,250,000* List Price | 4 | 3 | 2,461 | $1,317 | - |
A 1212 Starlit Sold | $2,499,000 | 4 | 3 | 2,117 | $1,180 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1926, the property shows no evidence of recent major renovations. The interior features dated cedar paneling, older carpeting, and Saltillo tile. Based on the age and visible condition of the finishes and exterior decking, the home likely requires a comprehensive rehab of the kitchen, bathrooms, and core systems (HVAC/Electric) to meet modern standards.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The property captures breathtaking, unobstructed views of the Pacific Ocean, Catalina Island, and the coastline from its elevated position, significantly increasing its market appeal.
Situated on an expansive 8,664 sqft double lot with dual street access, this property offers rare privacy and accessibility in the highly sought-after Woods Cove neighborhood.
Due to the home's 1926 vintage, buyers should anticipate potential investments in modernizing aging infrastructure, such as electrical, plumbing, or climate control systems.
At a list price of $4.25M for 2,461 square feet, the property commands a significant premium that may challenge buyers looking for more interior living space at this price point.
Once in a generation opportunity. On the market for the first time in 50+ years. Perched above Laguna Beach with sweeping panoramic views of the ocean, coastline, and Catalina Island, this rare and extraordinary property offers one of the most exceptional settings in all of Laguna Beach. Situated on a coveted rare oversized street-to-street lot just moments from the beach, downtown shops, restaurants, and galleries, and located above the Hip District and popular Woods Cove Beach, the location and view corridor are truly irreplaceable. Originally built nearly 100 years ago, this soulful residence is rich in architectural character and timeless craftsmanship. Stunning stained glass and arched leaded glass windows fill the home with natural light and artistic detail, while warm cedar interiors create an atmosphere that is both authentic and inspiring. The property captures the spirit of Old Laguna and presents a rare opportunity to restore and reimagine a truly special coastal estate. This is not a cosmetic project. The home is best suited for a sophisticated buyer, architect, builder, or experienced Laguna Beach investor who understands the value, vision, and potential of a legacy property in a premier location. The next owner will have the opportunity to preserve the soul of this remarkable residence while creating an extraordinary custom retreat designed for modern coastal living. Properties with this combination of panoramic views, oversized lot configuration, walkability, privacy, and character rarely come available. A true Laguna Beach treasure ready for its next chapter. You do not want to miss this opportunity.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 3.3 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,461 | 2,148 | 65% |
| Lot Size | 8,664 | 6,125 | 76% |
| Price | $3.25M | $3.22M | 51% |
| Price per sq ft | $1.3K | $1.5K | 32% |
| Built year | 1926 | 1964 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 166 | 4% |
May 24, 2026
$3,250,000
$3,500,000
-7% Price Drop
Initial Listing
May 22, 2026
$3,500,000
$3,750,000
-7% Price Drop
Initial Listing
May 17, 2026
$3,750,000
$4,250,000
-12% Price Drop
Initial Listing
May 2, 2026
$4,250,000
Initial Listing