
Laguna Beach, California 92651
This Strong Value Opportunity is a premier development site listed at $5,995,000, positioned well below the $6,403,984 Fair Market Value by 6%. This valuation gap offers $408,984 in Instant Equity. Featuring DRB-approved plans for a 7,500 sq. ft. architectural masterpiece and panoramic ocean views, the property holds a Condition Rating of 6, signaling the end of the current structure's life. Located in the Laguna Beach Unified district with Top-Rated Schools, this is an ideal acquisition for Luxury Developers or Owner-Occupants seeking a custom coastal legacy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2155 Temple Hills Subject 5 bd · 7 ba · 4,800 sqft · $1,325 | $5,995,000* List Price | 5 | 7 | 4,800 | $1,325 | - |
A 1425 Samoa Way Active 4 bd · 4 ba · 3,744 sqft · $1,599 · 0.7 mi | $5,985,000 List Price | 4 | 4 | 3,744 | $1,599 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1975 and listed in 2026, the structure has reached the 51-year mark. The listing explicitly focuses on 'Permit to Break Ground Imminent' and approved plans for a new 7,500 sq. ft. residence, indicating the current home is at the end of its economic life and the value lies in the land and architectural entitlements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24263, living area = 4800.
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 includes Design Review Board (DRB) approved plans for a 7,500 sq. ft. award-winning architectural masterpiece, bypassing years of permitting hurdles in Laguna Beach.
The current structure dates back to 1975; while functional, it may feel dated to luxury buyers compared to the modern architectural vision proposed for the site.
To realize the property's highest and best use, a buyer must be prepared for the substantial costs and logistical demands of a large-scale, custom ground-up construction project.
2155 Temple Hills Drive is now Building Department approved and ready to pull permits, with Laguna Beach Design Review Board (DRB) approved plans for a 7,500 square foot new home by Anders Lasater Architects. Perched atop one of Laguna Beach's most prestigious vantage points, 2155 Temple Hills Drive offers a rare blend of serenity, architectural pedigree, and breathtaking ocean views from nearly every room. Positioned on approximately one-half acre, this expansive residence showcases panoramic vistas of the Pacific, Catalina Island, and unforgettable sunsets. The current home's thoughtful design features an open main level with soaring ceilings, hardwood floors, and walls of glass that seamlessly frame the coastline. The chef's kitchen, equipped with Sub Zero, Wolf, and Bosch appliances, centers around a grand island with white granite counters, perfect for entertaining. An ocean-view breakfast nook, custom Cellinite light fixture in the dining room, and a wood-burning fireplace in the living room underscore the home's warmth and sophistication. Flexible spaces abound, including a cozy den that doubles as a fifth bedroom, a soundproofed upstairs media and game room, and a lower level that houses three bedrooms (two of them ocean-view primary suites), along with a spacious office and exercise room. Nearly every room on the lower level opens to sweeping views, while the grounds offer a generous yard with ample space for a pool, gardens, or additional outdoor amenities. Parking includes a three-car garage and a broad driveway for guests. Adding a remarkable dimension to this offering, an architectural project by Anders Lasater Architects, The Sunset Duet & Sunrise Duet, was honored at the 2025 AIA Orange County Design Awards. Recognized in the Unbuilt Category for its quiet clarity, sculptural stair design, floating upper volume, and thoughtful response to the site, the project presents an inspiring vision for a future reimagining of the property. This award-winning plan offers buyers not just a 7500SF home, but the opportunity to bring a celebrated architectural concept to life. 2155 Temple Hills Drive is more than a residence. It is a canvas for possibility, a lifestyle defined by panoramic horizons, and a showcase of design excellence in one of California's most coveted coastal settings.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.5 |
| Baths | 7.0 | 3.0 |
| Square foot | 4,800 | 2,265.258 |
| Lot Size | 24,263 | 6,028.677 |
| Price | $6.00M | $3.56M |
| Price per sq ft | $1.2K | $1.7K |
| Built year | 1975 | 1971 |
| HOA | $0 | $3.7K |
| Days on market | 57 | 74 |
Aug 29, 2026
$5,995,000
Initial Listing
May 31, 2016
$3,450,000
Public Record
May 8, 2003
$1,625,000
Public Record