246 Fairview Street, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 4 bath

246 Fairview Street, Laguna Beach, California 92651 home-pic-0
ACTIVE$3,795,000
246 Fairview Street, Laguna Beach, California 92651
4Beds
4Baths
2,200Sqft
4,792Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime North Laguna Location & Beach Proximity: Located in the coveted North Laguna subdivision, just one block from Shaw’s Cove Beach and moments from other iconic beaches, art galleries, shops, and restaurants, offering unparalleled coastal living and high demand.
Top Cons:
Recent Price Reduction: The property has seen a price reduction from its original list price of $3.995M to $3.795M, which could suggest initial overpricing or a longer-than-expected time on the market, potentially indicating a need for further negotiation.

Compared to the nearby listings

Price:$3.79M vs avg $2.50M (+$1,295,000)94%
Size:2,200 sqft vs avg 1,989 sqft56%
Price/sqft:$1.7K vs avg $1.2K94%

More Insights

Built in 1963 (62 years old).
Condition: Despite being built in 1963, this duplex underwent an extensive, full-scale renovation in 2023, which is within the 5-year threshold for an 'Excellent' rating. The renovation included all major systems (electrical, plumbing, HVAC, roof, windows) and all interior finishes (cabinetry, premium appliances, baths, flooring). The images confirm modern, high-end kitchens with white shaker cabinets, quartz countertops, farmhouse sinks, and stainless steel appliances, along with contemporary bathrooms featuring large format tiles and updated fixtures. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1963
Close
-
List price
$3.79M
Original List price
$4M
Price/Sqft
$1,725
HOA
-
Days on market
-
Sold On
-
MLS number
NP25141063
Home ConditionExcellent
Features
Excellent View: Ocean
Deck
Patio
ViewOcean

About this home

In coveted North Laguna Beach, this thoroughly reimagined duplex, renovated by MAR Development, offers two beautifully remodeled 2-bedroom residences, each showcasing high-end finishes, designer fixtures, premium appliances, and in-unit laundry. With sweeping ocean views from both levels, this is a rare opportunity for elevated coastal living or investment. Both units have been extensively upgraded in 2023, including electrical, plumbing, HVAC with central air, roof, windows, doors, cabinetry, appliances, baths, flooring, and custom landscaping - reflecting the quality and craftsmanship of a full-scale renovation. The upper unit features 2 bedrooms, 2 bathrooms, and a private deck off the kitchen that captures breathtaking ocean vistas - perfect for dining al fresco or enjoying the sunset. The lower unit mirrors the same thoughtful upgrades and boasts exclusive access to a custom-designed patio complete with built-in fire pit, outdoor BBQ, and lush landscaping - ideal for entertaining or quiet relaxation. Located just one block from Shaw’s Cove Beach, and tucked between Fisherman’s Cove and Crescent Bay - an area treasured for its natural beauty and hidden-gem feel. Additional highlights include a private storage unit and a two-car carport. Just moments from iconic beaches, art galleries, shops, and restaurants.

Condition Rating
Excellent

Despite being built in 1963, this duplex underwent an extensive, full-scale renovation in 2023, which is within the 5-year threshold for an 'Excellent' rating. The renovation included all major systems (electrical, plumbing, HVAC, roof, windows) and all interior finishes (cabinetry, premium appliances, baths, flooring). The images confirm modern, high-end kitchens with white shaker cabinets, quartz countertops, farmhouse sinks, and stainless steel appliances, along with contemporary bathrooms featuring large format tiles and updated fixtures. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime North Laguna Location & Beach Proximity: Located in the coveted North Laguna subdivision, just one block from Shaw’s Cove Beach and moments from other iconic beaches, art galleries, shops, and restaurants, offering unparalleled coastal living and high demand.
Extensive, High-Quality 2023 Renovation: The duplex underwent a comprehensive, full-scale renovation in 2023, including electrical, plumbing, HVAC with central air, roof, windows, and all interior finishes, ensuring modern comfort, efficiency, and luxury with high-end materials and designer fixtures.
Sweeping Ocean Views from Both Levels: Both the upper and lower residences offer breathtaking, sweeping ocean views, significantly enhancing the property's appeal, value, and desirability for residents and potential renters.
Versatile Duplex with Income Potential: As a thoroughly reimagined duplex with two separate 2-bedroom residences, it presents a rare opportunity for elevated coastal living (owner-occupy one, rent the other) or a strong investment property with dual rental income streams.
Luxury Amenities & Dedicated Outdoor Living: Each unit boasts premium appliances, in-unit laundry, and dedicated outdoor spaces – a private deck with ocean vistas for the upper unit and a custom-designed patio with a built-in fire pit and BBQ for the lower unit, perfect for entertaining.

Cons

Recent Price Reduction: The property has seen a price reduction from its original list price of $3.995M to $3.795M, which could suggest initial overpricing or a longer-than-expected time on the market, potentially indicating a need for further negotiation.
Older Original Construction: While extensively renovated in 2023, the property's original build year of 1963 means the underlying structure is older, which might raise concerns for some buyers regarding long-term maintenance or unforeseen issues despite the comprehensive upgrades.
Limited Parking: The property offers a two-car carport. While adequate for a duplex, in a desirable coastal area like Laguna Beach, additional guest parking or a more substantial garage might be preferred by some buyers, especially given the potential for two households.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state