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

2538 Monaco Drive, Laguna Beach, California 92651 home-pic-0
ACTIVE$17,850,000
2538 Monaco Drive, Laguna Beach, California 92651
5Beds
5Baths
3,758Sqft
11,000Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
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).
Top Cons:
Property Age: Built in 1961, the property's underlying structure is over 60 years old, which, despite contemporary updates, may imply older systems or potential for higher maintenance requirements compared to newer constructions.

Compared to the nearby listings

Price:$17.85M vs avg $3.12M (+$14,725,000)98%
Size:3,758 sqft vs avg 2,018 sqft86%
Price/sqft:$4.7K vs avg $1.6K98%

More Insights

Built in 1961 (64 years old).
Condition: Despite being built in 1961, this property has undergone an extensive, high-end contemporary renovation, transforming it into a 'soft contemporary jewel box' as described. The kitchen features sleek high-gloss white cabinetry, integrated luxury appliances, a large island with a waterfall stone countertop, and modern lighting, all appearing virtually new. Bathrooms are equally updated with modern floating vanities, contemporary fixtures, glass showers, and stylish tiling. Throughout the home, high-quality materials like light hardwood flooring, wood-paneled ceilings, and exquisite stonework are evident, indicating no deferred maintenance and a very recent, comprehensive upgrade to current luxury standards.
Year Built
1961
Close
-
List price
$17.85M
Original List price
$25M
Price/Sqft
$4,750
HOA
$8,000
Days on market
-
Sold On
-
MLS number
NP25009070
Home ConditionExcellent
Features
Excellent View: Catalina, Ocean
Deck
Patio
ViewCatalina, Ocean

About this home

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.

Nearby schools

9/10
El Morro Elementary School
Public,K-50.2mi
9/10
Thurston Middle School
Public,6-83.0mi
9/10
Laguna Beach High School
Public,9-122.4mi
Condition Rating
Excellent

Despite being built in 1961, this property has undergone an extensive, high-end contemporary renovation, transforming it into a 'soft contemporary jewel box' as described. The kitchen features sleek high-gloss white cabinetry, integrated luxury appliances, a large island with a waterfall stone countertop, and modern lighting, all appearing virtually new. Bathrooms are equally updated with modern floating vanities, contemporary fixtures, glass showers, and stylish tiling. Throughout the home, high-quality materials like light hardwood flooring, wood-paneled ceilings, and exquisite stonework are evident, indicating no deferred maintenance and a very recent, comprehensive upgrade to current luxury standards.
Pros & Cons

Pros

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).
Exclusive Gated Community & Private Beach Access: Located within Irvine Cove, one of Southern California's most sought-after private, 24-hour guard-gated beachfront communities, offering unparalleled security and direct access to a private community beach.
Panoramic Ocean Views & Sunsets: The residence boasts breathtaking ocean views out to the endless horizon, including year-round sunsets and Catalina Island, visible from virtually every vantage point within the property.
Luxurious Contemporary Design & High-End Finishes: Described as a 'soft contemporary jewel box,' the home features exquisite surfaces, stonework, and masterfully executed millwork, creating a light-filled and artfully designed interior.
Strategic Location with Excellent Accessibility: Positioned at the accessible northern tip of Laguna Beach, providing convenient 15-20 minute access to John Wayne Airport, world-class shopping (South Coast Plaza, Fashion Island), performing arts, museums, and dining.
Rarity of Opportunity: Properties within the Irvine Cove neighborhood rarely become available, highlighting the exclusivity and potential long-term value of this unique offering.

Cons

Property Age: Built in 1961, the property's underlying structure is over 60 years old, which, despite contemporary updates, may imply older systems or potential for higher maintenance requirements compared to newer constructions.
Significant Price Reductions: The property has experienced substantial price reductions from its original list price of $25,000,000 to $17,850,000, which could suggest an initial overvaluation or market resistance.
High Association Fees: The association fee of $8,000 (frequency unspecified, but typically monthly in MLS data) represents a significant ongoing cost that buyers must factor into their budget.

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