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247 Fairview, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 5 bath

247 Fairview, Laguna Beach, California 92651 home-pic-0
ACTIVE$2,300,000
247 Fairview, Laguna Beach, California 92651
4Beds
5Baths
2,375Sqft
5,425Lot
Year Built
2025
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$968
HOA
-
Days on market
-
Sold On
-
MLS number
LG25265196
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s), Ocean, Water
Deck
ViewCity Lights,Mountain(s),Ocean,Water

About this home

We found 4 Cons,5 Pros. Rank: price - $2.30M(28th), sqft - 2375(62th), beds - 4(58th), baths - 5(76th).

New Construction Opportunity – Located just two blocks from Shaw’s Cove Beach, this rare offering presents the chance to build a brand-new modern home in the heart of North Laguna. Designs were created by renowned Anders Lasater Architects, celebrated for their sophisticated modern coastal designs that emphasize light, space, and seamless indoor-outdoor living have been approved by the Laguna Beach Design Review Board. The approved design showcases sweeping ocean views from the roof deck, primary suite, and spa-inspired primary bath, creating a serene and luxurious coastal lifestyle. Thoughtfully planned to maximize natural light and panoramic vistas, the home offers an elevated modern living experience. In addition, the design includes a Junior ADU, providing valuable flexibility for guests, extended family, or supplemental income. Demo permits have been pulled, and demolition down to the original framing and foundation is already underway, paving the way for your dream home to take shape. This property is not eligible for conventional financing. Cash buyers may seek construction loans after the close of escrow. Don’t miss this opportunity to own a brand-new, architecturally designed modern home moments from the sand, surf, and vibrant North Laguna community.

Price History

Date
Event
Price
11/25/25
Listing
$2,300,000
Condition Rating
Excellent
This listing represents a 'New Construction Opportunity' with a projected build year of 2025. While demolition is currently underway, the sale includes approved designs by a renowned architect for a brand-new modern home. The provided renderings showcase a state-of-the-art kitchen with high-end built-in appliances, sleek cabinetry, and contemporary finishes, along with a spa-inspired primary bath featuring a freestanding tub and luxurious materials. Upon completion, the property will meet the highest standards of quality, style, and features, with all components being new and meeting current quality standards, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons

Pros

New Construction Opportunity: The property offers a rare chance to build a brand-new, modern home from the ground up, allowing for customization and the latest building standards.
Prime Coastal Location: Situated just two blocks from Shaw’s Cove Beach in the highly desirable North Laguna, providing unparalleled access to the sand, surf, and vibrant community.
Pre-Approved Architectural Design: Features designs by renowned Anders Lasater Architects, already approved by the Laguna Beach Design Review Board, streamlining the building process with a sophisticated modern coastal aesthetic.
Panoramic Ocean Views & Indoor-Outdoor Living: The approved design maximizes sweeping ocean views from multiple vantage points (roof deck, primary suite) and emphasizes seamless indoor-outdoor living, enhancing the luxury coastal experience.
Income-Generating Junior ADU: Includes a thoughtfully designed Junior ADU, offering valuable flexibility for guests, extended family, or potential supplemental rental income.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5425, other record lot size in square feet = 4500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2375, other record living area = 956. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Non-Conventional Financing: The property is explicitly not eligible for conventional financing, significantly limiting the pool of potential buyers.
Requires Construction Loan or Cash: Buyers must secure a construction loan after escrow or pay in cash, indicating a more complex and specialized financial commitment.
Buyer-Managed Construction Project: While demolition is underway, the buyer is responsible for completing the new construction, which involves substantial time, project management, and additional financial investment beyond the purchase price.

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