
Laguna Beach, California 92651
This top-floor ocean-view penthouse is a Strong Value Opportunity, listed at $1,379,000—positioned well below the $1,453,367 Fair Market Value by 5%. This valuation gap offers $74,367 in Instant Equity. While currently in Functional Condition, the residence boasts unobstructed panoramic views of the Pacific and access to 9/10 rated schools including Laguna Beach High. Its prime location near Moss Cove and penthouse privacy ensure long-term desirability. This is an ideal opportunity for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 Moss Street 8 Subject | $1,329,000* List Price | 0 | 0 | 1,120 | $1,231 | - |
A 2175 S Coast Highway 18 Sold | $1,225,000 | 2 | 2 | 900 | $1,361 | 0.0 mi |
B 240 Moss Active | $1,250,000 List Price | 2 | 2 | 1,120 | $1,116 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property is over 60 years old with renovations that appear to be 15-25 years old. While it features new carpet and some newer appliances (dishwasher, water heater), the interior shows dated elements like popcorn ceilings and older bathroom fixtures. It is functional and move-in ready but requires cosmetic modernization.
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 features rare, unobstructed ocean views from every room, including vistas of Catalina Island and white-water surf, which significantly enhances its luxury appeal and market value.
As a center penthouse unit with no neighbors above, this residence offers the highest level of privacy and the widest vantage point available within the community.
The association fee of $770 per month is relatively high for a two-bedroom condo, which may be a concern for buyers sensitive to ongoing carrying costs.
Built in 1963, the property may require additional aesthetic modernizations to meet contemporary luxury standards, and it is limited to a single assigned carport for parking.
If you’re looking for views, this is it!! Ocean views from every room! From the covered front balcony, enjoy sweeping views of the Pacific, white water rolling over rocks, Catalina Island, PCH, city lights, surrounding hills, and Palos Verdes on clear days, all coming together with incredible daily sunsets. Sit back, take it all in, watch the deep blues, waves moving through the shoreline, boats pass by, and feel the tranquility. This is the top-floor, center penthouse unit in the building closest to the ocean, with no one above and showcasing one of the widest vantage points in the community. A single-level 2-bedroom, 2-bath condo featuring an open floorplan and a spacious covered balcony that expands the flow. The positioning creates an elevated feel, opening up the surrounding coastline and horizon. The primary bedroom includes a slider to the balcony, two closets, and an attached ensuite bathroom. Dutch front door. New carpet in the bedrooms, tile flooring throughout the main areas, plus a newer dishwasher, garbage disposal, and water heater. Assigned carport with storage. Just across PCH from Moss Cove, one of Laguna Beach’s most scenic beaches. Ideally located near downtown, art galleries, restaurants, shops, and world-class beaches. Moments from the Sawdust Art Festival and summer art shows. Stairs on the left side of the property lead down to PCH, with the free Laguna Beach trolley stop out front, making it easy to experience everything the area has to offer. (Unit #1 leased for $7,000 in 2025. Unit #4 is currently on the market for $8,000) (Enclosed balcony not included in the sqft).
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 3.3 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 4% |
| Baths | 0.0 | 2.0 | 4% |
| Square foot | 1,120 | 1,155 | 40% |
| Lot Size | 15,007 | 15,007 | 50% |
| Price | $1.33M | $1.75M | 36% |
| Price per sq ft | $1.2K | $1.7K | 36% |
| Built year | 1963 | 1963 | 50% |
| HOA | $770.0 | $770 | 50% |
| Days on market | 34 | 142 | 8% |
May 8, 2026
$1,329,000
$1,379,000
-4% Price Drop
Initial Listing
May 4, 2026
$1,379,000
Initial Listing
Sep 1, 1999
$246,000
Public Record