2838 Wards Terrace, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 3 bath

2838 Wards Terrace, Laguna Beach, California 92651 home-pic-0
ACTIVE$4,495,000
2838 Wards Terrace, Laguna Beach, California 92651
4Beds
3Baths
2,191Sqft
2,250Lot
Year Built
1940
Close
-
List price
$4.5M
Original List price
$4.5M
Price/Sqft
$2,052
HOA
-
Days on market
-
Sold On
-
MLS number
NP25196752
Home ConditionFair
Features
Excellent View: Coastline, Ocean, Water
Deck
Patio
ViewCoastline, Ocean, Water

About this home

We found 4 Cons,6 Pros. Rank: price - $4.50M(72th), sqft - 2191(57th), beds - 4(58th), baths - 3(50th).

Perfectly positioned just moments from the sands of Victoria Beach, this South Laguna gem captures the essence of coastal living—combining breathtaking surroundings with rare flexibility to suit a variety of lifestyles. Comprising three independent living spaces, each complete with full kitchens and living areas, the property offers unparalleled versatility in a coveted seaside setting. Thoughtfully designed to accommodate extended family, guests, or income opportunities, it provides both privacy and connection, ideal for multi-generational living or creative reimagining. Throughout the interiors, open-beam ceilings, abundant natural light, and inviting details add warmth and character. Two single-car garages enhance convenience and provide valuable parking—a true asset near the beach. The top-level residence showcases expansive windows framing sweeping views of the Pacific and Catalina Island. With two bedrooms, one bath, and a cozy fireplace, this light-filled sanctuary is designed to embrace the rhythm and beauty of the coast. The lower residence features one bedroom, one bath, and a charming loft, while the detached cottage offers a private one-bedroom retreat with its own stone patio and sun-drenched deck—perfect for a quiet escape or guest enjoyment. This unique configuration presents a rare opportunity to transform the property into an exceptional single-family residence, create a multi-residence compound, or enjoy the penthouse-style upper home while generating income from the other units. Located just moments from the Montage Resort, Victoria Beach, and Laguna’s acclaimed restaurants, galleries, and boutiques, this property offers the chance to live the quintessential Laguna Beach lifestyle—as a full-time home, a luxury vacation retreat, or a flexible investment opportunity.

Nearby schools

9/10
El Morro Elementary School
Public,K-53.8mi
9/10
Thurston Middle School
Public,6-82.0mi
9/10
Laguna Beach High School
Public,9-121.7mi

Price History

Date
Event
Price
09/03/25
Listing
$4,495,000
Condition Rating
Fair

The property, built in 1940, appears well-maintained but features dated elements in its multiple kitchens and bathrooms. While functional and clean, the kitchens exhibit dark wood cabinetry, granite countertops, and a mix of newer and older appliances, suggesting renovations that are likely 15-30 years old. Bathrooms also show dated styles, such as granite and small tiled countertops, along with older fixtures. The overall aesthetic is not modern, and the property's age implies that core systems may require updates to meet current standards, fitting the 'fair' category for needing minor updates or repairs.
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).
Prime Coastal Location: Perfectly positioned just moments from the sands of Victoria Beach, the Montage Resort, and Laguna’s acclaimed restaurants, galleries, and boutiques, offering the quintessential Laguna Beach lifestyle.
Exceptional Versatility & Income Potential: Comprising three independent living spaces, each with full kitchens and living areas, providing unparalleled flexibility for multi-generational living, guest accommodation, or significant rental income opportunities.
Panoramic Ocean & Island Views: The top-level residence showcases expansive windows framing sweeping views of the Pacific and Catalina Island, enhancing its appeal and value.
Valuable On-Site Parking: Two single-car garages provide convenient and highly sought-after parking, a true asset in a beachside location where parking is often scarce.
Unique Architectural Character: Throughout the interiors, open-beam ceilings, abundant natural light, and inviting details add warmth and character, contributing to a charming coastal aesthetic.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2250, living area = 2191.
Advanced Age of Property: Built in 1940, the property's age may imply a need for significant investment in updating core systems (e.g., plumbing, electrical, HVAC) to modern standards, which is not explicitly mentioned as completed.
Limited Lot Size: The 2,250 sqft lot is relatively small for a multi-unit property in this desirable area, potentially limiting outdoor space or future expansion possibilities.
Modest Individual Unit Sizes: While offering three independent units, the total 2,191 sqft suggests that each living space is relatively modest in size, which might not appeal to buyers seeking more spacious accommodations.

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