
Laguna Beach, California 92651
This Historic Laguna Beach Estate is a High-Potential Investment Opportunity, listed at $7,595,000—positioned well below the $8,441,598 Fair Market Value by 10%. This valuation gap offers $846,598 in Instant Equity for the incoming buyer. Boasting a Like-New Condition Rating following a comprehensive renovation, the property features Panoramic Ocean Views from all levels and access to Top-Rated 9/10 Schools. This 4,440 sqft turnkey masterpiece is an elite acquisition for Owner-Occupants or Luxury Portfolio Investors seeking immediate appreciation in a premier coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2616 Queda Way Subject | $7,595,000* List Price | 5 | 6 | 4,440 | $1,901 | - |
A 326 Ruby Sold | $5,495,000 | 4 | 4 | 2,726 | $2,016 | 0.3 mi |
B 2300 Crestview Active | $7,450,000 List Price | 4 | 5 | 4,228 | $1,762 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This historic 1940s estate has undergone a comprehensive, top-to-bottom renovation, effectively making it a like-new home. The property features a fully redesigned gourmet kitchen with high-end stainless steel appliances and quartz countertops, spa-quality bathrooms with modern tile and fixtures, and new engineered wood flooring throughout. All major systems—including HVAC, electrical, and plumbing—have been upgraded to modern standards, and the exterior has been refreshed with new hardscaping and paint, leaving no deferred maintenance.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The property features breathtaking, unobstructed views of the Pacific Ocean, Catalina Island, and the coastline from all three levels, providing a constant visual connection to the sea.
This historic estate has been meticulously reimagined with a top-to-bottom renovation, including all-new major systems like HVAC, electrical, and plumbing, paired with high-end contemporary finishes.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
A significant price reduction of nearly $1 million shortly after listing suggests initial overvaluation or market resistance that may impact future resale perceptions.
At 7,200 square feet, the lot is relatively modest for a luxury estate at this price point, potentially limiting the amount of private outdoor yard space compared to competing properties.
Ciela Del Mar — "Heaven By The Sea" - The Historic Cannon Electric Estate Where coastal calm meets elevated modern living. Perched in the hills of Laguna Beach and transformed through a top-to-bottom renovation, 2616 Queda Way delivers the kind of coastal living people imagine but rarely find. Clean architectural lines, warm natural textures, and intelligent upgrades come together to create a home that feels effortless from the moment you walk in. Ciela Del Mar is true to its name: Heaven by the Sea, with every finish, fixture, and detail thoughtfully selected to complement both the home and its setting. Expansive ocean views unfold across all three levels, creating a constant visual connection to the coastline and drawing natural light deep into the home. Inside, light moves through the windows and doors, revealing an interior rebuilt with precision: a fully redesigned kitchen with on-trend finishes, spa-level bathrooms, smooth-coat walls, engineered wood flooring, and curated lighting that elevates every space. All major systems were upgraded—electrical, plumbing, HVAC, and audio—providing a modern, future-ready foundation with smart-home features integrated throughout. Originally built in the 1940s as part of the historic Cannon Estate, the home carries a legacy that has been thoughtfully preserved while being fully reimagined for today’s lifestyle. Step outside and the experience continues. New hardscape, reimagined landscaping, new railings, fresh exterior paint, and a custom patio cover shape an outdoor environment designed for connection—morning coffee with ocean air, sunset gatherings, or quiet evenings under soft coastal light.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 3.6 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 6.0 | 3.0 | 98% |
| Square foot | 4,440 | 2,111 | 98% |
| Lot Size | 7,200 | 6,003 | 64% |
| Price | $7.59M | $3.10M | 89% |
| Price per sq ft | $1.7K | $1.6K | 57% |
| Built year | 1940 | 1964 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 181 | 14% |
Mar 25, 2026
$7,595,000
$8,500,000
-11% Price Drop
Initial Listing
Feb 18, 2026
$8,500,000
Initial Listing
Aug 16, 2024
$3,650,000
Public Record
Oct 31, 1995
$1,415,000
Public Record