2867 Chateau Way, Laguna Beach, California 92651, Laguna Beach, 92651 - 5 bed, 3 bath

2867 Chateau Way, Laguna Beach, California 92651 home-pic-0
ACTIVE$3,995,000
2867 Chateau Way, Laguna Beach, California 92651
5Beds
3Baths
2,671Sqft
15,000Lot
Year Built
1961
Close
-
List price
$4M
Original List price
$4M
Price/Sqft
$1,496
HOA
-
Days on market
-
Sold On
-
MLS number
LG25246579
Home ConditionTear down
Features
Excellent View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Pool, Water
Pool
Patio
ViewCatalina,City Lights,Coastline,Neighborhood,Ocean,Panoramic,Pool,Water

About this home

Great Deal:The estimated price is 10% above the list price. We found 3 Cons,5 Pros. Rank: price - $4.00M(67th), sqft - 2671(67th), beds - 5(88th), baths - 3(50th).

A truly exceptional offering in the heart of the Top of the World neighborhood and available for the first time in decades. Sited on a double, approximately 15,000 square foot lot, the grand panoramic views of this pool residence are matched only by its privacy, creating an incredible opportunity for a visionary buyer. The breathtaking vistas, spanning as far as Palos Verdes, can be enjoyed from all main areas of this single level, mostly original home: from the primary suite, to the living, dining, and family room sections. A blank canvas, the unique position and large scale of the lot create an opportunity to expand the existing footprint or redevelop anew. The current floor plan, which includes five bedrooms, an inviting gathering area, and an additional living space with a fireplace and large view-facing glass sliding doors, serves as an excellent foundation for a bespoke residence. This is a premier opportunity to acquire a piece of real estate in one of Laguna Beach’s most coveted neighborhoods, on a quiet street with ample parking, and capitalize on its potential.

Nearby schools

9/10
Top Of The World Elementary School
Public,K-50.2mi
9/10
El Morro Elementary School
Public,K-53.4mi
9/10
Thurston Middle School
Public,6-80.5mi
9/10
Laguna Beach High School
Public,9-121.3mi

Price History

Date
Event
Price
10/24/25
Listing
$3,995,000
Condition Rating
Tear down

Built in 1961, this property is described as a 'mostly original home' and a 'blank canvas' offering an 'opportunity to expand the existing footprint or redevelop anew.' The images confirm a severely outdated interior, particularly in the bathrooms with their original-era fixtures, cabinetry, and countertops, and a glimpse of a similarly dated kitchen. The overall aesthetic, including carpets, light fixtures, and wall treatments (e.g., wood paneling, patterned wallpaper), is consistent with a property that has seen no major renovations in over 50 years. While the structure may not be physically collapsing, its functional obsolescence and the explicit marketing as a redevelopment opportunity align perfectly with the 'tear-down' criteria, where the property's value is based solely on the land and its potential for redevelopment.
Pros & Cons

Pros

Panoramic Ocean & City Views: The property boasts grand panoramic views and breathtaking vistas, spanning as far as Palos Verdes, Catalina, and city lights, enjoyable from all main areas including the primary suite, living, dining, and family rooms.
Exceptional Lot Size & Development Potential: Sited on a double, approximately 15,000 square foot lot, this property offers a rare opportunity to expand the existing footprint or redevelop anew, providing significant future value.
Prime 'Top of the World' Location: Located in the heart of the highly coveted Top of the World neighborhood in Laguna Beach, on a quiet street with ample parking, ensuring desirability and exclusivity.
Privacy: The property offers significant privacy, explicitly stated as matching the grand views, which is a highly desirable attribute for a luxury view property.
Visionary Investment Opportunity: Described as a 'blank canvas' and an 'incredible opportunity for a visionary buyer' to acquire a premier piece of real estate and capitalize on its substantial potential.

Cons

Original Condition & Renovation Required: The property is a 'mostly original home' and a 'blank canvas,' indicating it requires significant renovation or a complete redevelopment, which will entail substantial additional investment beyond the purchase price.
Age of Property: Built in 1961, the home's age suggests that major systems, infrastructure, and finishes are likely outdated and will need modernizing, potentially leading to unforeseen costs during renovation.
No Mention of Cooling System: The property description does not specify the presence of a cooling system (e.g., air conditioning), which could be a significant drawback for comfort during warmer months in Southern California.

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