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

2538 Monaco Drive, Laguna Beach, California 92651 home-pic-0

2538 Monaco Drive

Laguna Beach, California 92651

ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
3,758Sq Ft
11,000Lot Size

Property Price

LIST PRICE$17,850,000

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

Excellent
TeardownExcellent

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

9/10

Thurston Middle School

Grades 6-8 • 3.0 mi

9/10

Laguna Beach High School

Grades 9-12 • 2.4 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
88%
Baths5.03.0
81%
Square foot3,7582,054
91%
Lot Size11,0006,041.5
91%
Price$17.85M$3.06M
99%
Price per sq ft$4.7K$1.6K
97%
Built year19611965
41%
HOA$8000.0$0
94%
Days on market415202
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

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