
Laguna Beach, California 92651
This Spanish-style residence is a Strong Value Opportunity, listed at $1,850,000—positioned well below the $1,949,813 Fair Market Value by 5%. This valuation gap provides $99,813 in Instant Equity. While maintaining a Well-Maintained Condition Rating, the home offers significant upside through cosmetic modernization of its 1980s-era interiors. Located in the prestigious Top Of The World neighborhood, it features 9/10 Rated Schools and Panoramic Valley Views. This is an exceptional find for Owner-Occupants seeking a coastal lifestyle or Value-Add Investors.
Property is moderate renovation needed.
Built in 1982, this property is well-maintained and retains its original Spanish-style charm, but it shows significant signs of being outdated. The kitchen features 1980s-style oak cabinetry, older white and black appliances, and dated green tile countertops. While the wood-beamed ceilings and hardwood floors are in good condition, the overall aesthetic in the kitchen and bathrooms reflects the home's original construction era rather than modern standards, necessitating cosmetic updates for most contemporary buyers.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The residence features authentic Spanish-style architecture with plaster walls, Saltillo tile, and vibrant Mexican ceramic art tiles, offering a charming and distinct aesthetic that stands out in the Laguna Beach market.
Rare amenities for a home of this size include a three-car garage, a separate workshop with a cellar, a carport, and a dumb waiter, providing significant functional value and hobby space.
At 1,339 square feet, the living space is relatively compact for the $1.85M price point, which may be a constraint for families or buyers seeking expansive indoor areas.
Built in 1982, the home's specific decorative finishes and multi-level layout may require updates to align with contemporary buyer preferences for open-concept living.
Welcome to a unique neighborhood of Laguna Beach in the area called Old Top Of The World. Ascend to the summit and immerse yourself in the tranquility—listen to the birds, admire the mature trees, soak in panoramic views, and bask in abundant sunshine. This exceptional residence showcases Spanish-style architecture with plaster exterior walls, complemented by Saltillo tile steps and a front deck adorned with vibrant ceramic Mexican art tiles. Upon arrival, you’ll step onto a spacious tile deck and enter through French doors, immediately greeted by a warm, inviting living area. The entry level features a living room, kitchen, and a full bath, with the bathroom boasting a distinctive shower-in-tub finished with colorful Mexican ceramic art tiles. Upstairs, two bedrooms await, including one with a charming loft. A separate bathroom exists for the second bedroom with a tiled shower and counters. The primary bedroom offers a walk-in closet, additional storage, and picturesque valley views. Its bathroom is equipped with dual sinks, Mexican ceramic tile countertops, a luxurious soaking tub, and a shower-in-tub. This street-to-street lot provides ample amenities: a three-car garage, dumb waiter, carport and a bonus separate workshop with cellar. The workshop includes a sink and built-in cabinets, while the cool cellar below offers generous storage space. The yard is landscaped with drought-tolerant plants and trees, and the patio features a bar complete with sink and built-in Bar-B-Que, perfect for entertaining and enjoying the Southern California lifestyle.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 3.6 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 15% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,339 | 2,107 | 14% |
| Lot Size | 4,019 | 6,000 | 22% |
| Price | $1.85M | $3.04M | 9% |
| Price per sq ft | $1.4K | $1.6K | 37% |
| Built year | 1982 | 1965 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 180 | 2% |
Apr 1, 2026
$1,850,000
Initial Listing
Oct 9, 1998
$332,000
Public Record