2538 Monaco Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 5 bed, 5 bath

2538 Monaco Drive
Laguna Beach, California 92651
Property Price
SUMMARY
Analysis of 2538 Monaco Drive, Laguna Beach, California 92651 is currently available with a list price of $17,850,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Laguna Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1961, this property has clearly undergone an extensive, high-end, and very recent renovation. The kitchen features sleek, high-gloss white cabinetry, integrated appliances, a large waterfall marble island, and modern gold-toned fixtures, all appearing virtually new. Bathrooms are equally luxurious with contemporary vanities, marble-like surfaces, freestanding tubs, glass-enclosed showers, and modern tiling. Throughout the home, light hardwood flooring, sophisticated lighting, and premium finishes are evident, indicating a complete overhaul to current luxury standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
- Prime Location & Exclusivity
Located within Irvine Cove, one of Southern California's most sought-after private, 24-hour guard-gated beachfront communities, offering unparalleled security and exclusivity.
- Breathtaking Ocean Views
Features expansive ocean views out to the endless horizon and year-round sunsets, visible from virtually any vantage point in the residence, providing a stunning living backdrop.
CONSRISKS & DEFICIENCIES
- Significant Price Reductions
The property has undergone substantial price reductions from an original list price of $25M to $17.85M, which could suggest initial overpricing or market resistance.
- High Association Fees
An association fee of $8,000.0 (likely monthly) represents a substantial ongoing cost that could deter some potential buyers.
- Lack of Mentioned Private Recreational Amenities
The description does not highlight private amenities such as a pool, spa, or extensive outdoor entertaining spaces, which are often sought after in luxury properties of this caliber and price point.
About 2538 Monaco Drive
Located within one of southern California’s most sought-after private beach front 24-hour guard gated communities, this soft contemporary jewel box of an ocean retreat represents coastal living at its finest. This 3758 sq. ft. 5-bedroom 5-bathroom residence is flooded with light and artfully marries the interior spaces with the breathtaking exterior surroundings. Adorned with exquisite surfaces and stonework, complemented by masterfully executed millwork no detail has been overlooked to even the most discerning beholder. Ocean views out to the endless horizon and year-round sunsets is the living art backdrop to this property and can be enjoyed from virtually any vantage point in the residence. Being set within Laguna Beach’s, Irvine Cove, this private oceanfront community is set at the most accessible northern tip of the city providing access to endless amenities such as John Wayne Airport, world class shopping at South Coast Plaza and Fashion Island, performing arts, museums and endless dining no more than 15 to 20 minutes away. All of this set around the community's private beach just a short jaunt from the residence. Rarely do opportunities arise to acquire properties within this neighborhood and this particular residence must be experienced to truly understand its value and the lifestyle it provides to its residents.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 11,000 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $8000.0 / Month
Neighborhood Insights
Laguna Beach Unified Schools
El Morro Elementary School
Grades K-5 • 0.2 mi
Thurston Middle School
Grades 6-8 • 3.0 mi
Laguna Beach High School
Grades 9-12 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 88% |
| Baths | 5.0 | 3.0 | 81% |
| Square foot | 3,758 | 2,054 | 91% |
| Lot Size | 11,000 | 6,041.5 | 91% |
| Price | $17.85M | $3.06M | 99% |
| Price per sq ft | $4.7K | $1.6K | 97% |
| Built year | 1961 | 1965 | 41% |
| HOA | $8000.0 | $0 | 94% |
| Days on market | 415 | 202 | 97% |
Pricing History
Listed for Sale
Nov 22, 2025
$17,850,000
$18,750,000
-5% Price Drop
Initial Listing
Price Change
Aug 15, 2025
$18,750,000
Initial Listing
Price Change
Jan 17, 2025
$25,000,000
Initial Listing
































