22315 3rd Avenue, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath

22315 3rd Avenue, Laguna Beach, California 92651 home-pic-0
ACTIVE$3,995,000
22315 3rd Avenue, Laguna Beach, California 92651
3Beds
3Baths
2,325Sqft
13,939Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13939, living area = 2325.
Top Cons:
Age of Property & Potential for System Updates: Built in 1954, while well-maintained, the property may have original or older major systems (e.g., plumbing, electrical, HVAC) that could require future investment for modernization or replacement, as no recent upgrades are specified.

Compared to the nearby listings

Price:$4.00M vs avg $3.12M (+$870,000)67%
Size:2,325 sqft vs avg 2,018 sqft59%
Price/sqft:$1.7K vs avg $1.6K58%

More Insights

Built in 1954 (71 years old).
Condition: This 1954 mid-century property presents a blend of well-preserved original character and significant modern updates. The kitchen is a standout, featuring sleek, contemporary grey cabinetry, modern stainless steel appliances (except for a potentially older built-in microwave), stylish wooden countertops, and modern lighting, placing it in excellent condition. One bathroom also appears to be recently updated with modern fixtures and tiling. However, another bathroom retains a distinct mid-century aesthetic with extensive wood paneling and older tile work, which, while meticulously maintained, is stylistically dated. The property is move-in ready, and the description emphasizes 'meticulous maintenance and pride of ownership.' While the age of the property (1954) suggests potential for older major systems, the visible interior spaces, especially the kitchen, have undergone extensive renovations within the last 5-15 years, aligning with the 'Good' criteria for a property that is move-in ready with well-maintained systems and significant updates in key areas, even if not every component is brand new.
Year Built
1954
Close
-
List price
$4M
Original List price
$5M
Price/Sqft
$1,718
HOA
-
Days on market
-
Sold On
-
MLS number
OC23204493
Home ConditionGood
Features
Excellent View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Water
Deck
Patio
ViewCatalina,City Lights,Coastline,Neighborhood,Ocean,Panoramic,Water

About this home

Welcome to your coastal oasis perched atop the apex of 3rd Avenue in the heart of the South Laguna Village. This midcentury masterpiece seamlessly blends custom design and exotic woods with panoramic ocean views from nearly every room on all three levels. A rarely sold retreat in one of Southern California’s most coveted locales. This property is a testament to meticulous maintenance and pride of ownership. Often referred to as a park or “mini ranch,” the expansive lot offers endless opportunities to continue building and adding on. Lush greenery, an outdoor fireplace and three large ocean view decks invite you to indulge in captivating ocean sunsets, both Catalina and San Clemente Islands, sailboats, and occasional whale and porpoise discovery! On the clearest days, you will experience views up the coast to Long Beach and Palos Verdes. As you step through the custom-made door and enter on the middle level, you will immediately be captivated by the endless ocean vistas that welcome you. This level boasts a thoughtfully arranged bedroom, a stylish bathroom, and a kitchen that opens seamlessly to a large ocean-facing deck—ideal for alfresco dining or simply soaking in the coastal ambiance. The living room, complete with a fireplace and a charming dining nook, make this level a perfect space for both relaxation and entertaining. Ascend upstairs to discover the ultimate in luxury living—the primary suite. With privacy, breathtaking ocean views and custom wood features, this retreat is a haven of tranquility. Venture downstairs to find an inviting office space, an additional bathroom, and a bedroom that opens up to an ocean-facing seating area, creating a flexible and dynamic living environment.

Condition Rating
Good

This 1954 mid-century property presents a blend of well-preserved original character and significant modern updates. The kitchen is a standout, featuring sleek, contemporary grey cabinetry, modern stainless steel appliances (except for a potentially older built-in microwave), stylish wooden countertops, and modern lighting, placing it in excellent condition. One bathroom also appears to be recently updated with modern fixtures and tiling. However, another bathroom retains a distinct mid-century aesthetic with extensive wood paneling and older tile work, which, while meticulously maintained, is stylistically dated. The property is move-in ready, and the description emphasizes 'meticulous maintenance and pride of ownership.' While the age of the property (1954) suggests potential for older major systems, the visible interior spaces, especially the kitchen, have undergone extensive renovations within the last 5-15 years, aligning with the 'Good' criteria for a property that is move-in ready with well-maintained systems and significant updates in key areas, even if not every component is brand new.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13939, living area = 2325.
Unrivaled Panoramic Ocean Views: The property boasts breathtaking panoramic ocean views from nearly every room on all three levels, encompassing Catalina and San Clemente Islands, coastline, and city lights, offering a truly captivating experience.
Prestigious South Laguna Village Location: Situated atop the apex of 3rd Avenue in the heart of the highly coveted South Laguna Village, this is a rarely sold retreat in one of Southern California's most desirable coastal locales.
Expansive & Developable Lot: The generous 13,939 sqft lot, described as a 'park or mini ranch,' provides significant space and 'endless opportunities to continue building and adding on,' a rare asset in Laguna Beach.
Distinctive Midcentury Architecture & Custom Features: A 'midcentury masterpiece' featuring custom design, exotic woods, and a custom-made door, reflecting meticulous maintenance and pride of ownership, offering unique architectural character.
Exceptional Outdoor Living & Indoor-Outdoor Flow: The property offers three large ocean view decks, an outdoor fireplace, and seamless transitions from the kitchen and a bedroom to ocean-facing outdoor spaces, ideal for alfresco dining and relaxation.

Cons

Age of Property & Potential for System Updates: Built in 1954, while well-maintained, the property may have original or older major systems (e.g., plumbing, electrical, HVAC) that could require future investment for modernization or replacement, as no recent upgrades are specified.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $4.995M to $3.995M, which could indicate initial overpricing or a need to stimulate buyer interest, potentially raising questions about market value.
Multi-Level Layout & Accessibility: The three-level design, while maximizing views and offering distinct living zones, could present accessibility challenges for some buyers or those who prefer single-story living, and may not appeal to all demographics.

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