31321 Ceanothus Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 5 bath

31321 Ceanothus Drive, Laguna Beach, California 92651 home-pic-0
ACTIVE$5,999,000
31321 Ceanothus Drive, Laguna Beach, California 92651
3Beds
5Baths
3,510Sqft
4,200Lot

Price Vs. Estimate

The estimated value ($4,051,514.5) is $1,947,485.5 (32%) lower than the list price ($5,999,000). This property may be overpriced.

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:
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 = 4200, living area = 3510.

Compared to the nearby listings

Price:$6.00M vs avg $3.12M (+$2,874,000)84%
Size:3,510 sqft vs avg 2,018 sqft81%
Price/sqft:$1.7K vs avg $1.6K58%

More Insights

Built in 1983 (42 years old).
Condition: Despite being built in 1983, this property has undergone an extensive, high-end renovation, evident from the 'pinnacle of current design' and 'fully modernized kitchen' with 'premium suite of stainless steel appliances.' The images confirm a contemporary aesthetic with new-looking light wood-look flooring, modern light fixtures, and sleek, updated bathrooms described as 'spa-like.' All components appear virtually new, meeting current quality standards with no visible deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently and extensively renovated property.
Year Built
1983
Close
-
List price
$6M
Original List price
$6.5M
Price/Sqft
$1,709
HOA
-
Days on market
-
Sold On
-
MLS number
LG25003548
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Coastline, Ocean, Panoramic, Water
Deck
ViewCatalina,City Lights,Coastline,Ocean,Panoramic,Water

About this home

A contemporary, private coastal estate nestled into a hillside with awe-inspiring panoramic views of the Pacific Ocean, Catalina Island, and the city lights. The interiors of this home offer a pinnacle of current design, with high-end finishes and voluminous living spaces. Located off the entryway, the formal living room, anchored by a sleek fireplace, is flanked by accordion glass doors, allowing in bountiful light and ocean breezes. The great room comprises a more casual sitting area and an updated kitchen, offering the coveted open floor plan. Great for gatherings as well as relaxation, this space features soaring ceilings, a second fireplace, and access to a large deck with expansive views. Clean lines extend into the fully modernized kitchen with a central island, ample storage, a premium suite of stainless steel appliances, and access to the dining area for seamless entertaining. The adjacent balcony is large enough to accommodate a seating area, serving as an extension of the indoor entertaining space. The sleeping quarters are located on the lower level. An ocean-facing primary retreat encompasses a spacious bedroom with a fireplace, a balcony, a spa-like fully equipped bathroom, and a massive walk-in closet. All of the secondary bedrooms are ensuite and could serve as guest accommodations, a home gym, or an office. This property is surrounded by lush, mature landscaping, and its additional features include whole-house Sonos surround sound, Lutron lighting, a security system, an attached two-car garage, and a private driveway. While private, the location is convenient, with easy access to the city’s iconic beaches, the Montage Laguna Beach resort, local restaurants, and shopping.

Nearby schools

9/10
El Morro Elementary School
Public,K-55.0mi
9/10
Thurston Middle School
Public,6-83.0mi
9/10
Laguna Beach High School
Public,9-123.0mi
Condition Rating
Excellent

Despite being built in 1983, this property has undergone an extensive, high-end renovation, evident from the 'pinnacle of current design' and 'fully modernized kitchen' with 'premium suite of stainless steel appliances.' The images confirm a contemporary aesthetic with new-looking light wood-look flooring, modern light fixtures, and sleek, updated bathrooms described as 'spa-like.' All components appear virtually new, meeting current quality standards with no visible deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently and extensively renovated property.
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).
Panoramic Ocean & City Views: The property boasts awe-inspiring panoramic views of the Pacific Ocean, Catalina Island, and city lights from multiple vantage points, including a large deck and primary retreat balcony.
Modern & High-End Interior Design: Interiors feature a pinnacle of current design with high-end finishes, a fully modernized kitchen with a central island, premium stainless steel appliances, and a spa-like primary bathroom.
Open Concept Living & Voluminous Spaces: The home offers voluminous living spaces, a coveted open floor plan with soaring ceilings, and accordion glass doors that enhance light and indoor-outdoor flow.
Advanced Home Technology: Equipped with modern conveniences such as whole-house Sonos surround sound, Lutron lighting, and a security system, enhancing comfort and lifestyle.
Prime & Private Coastal Location: Nestled privately into a hillside, the location offers convenient access to Laguna Beach's iconic beaches, the Montage resort, local restaurants, and shopping.

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 = 4200, living area = 3510.
Potential Overpricing: The current listing price is significantly higher than the estimated property value, and there has already been a price reduction from the original list price, suggesting potential market resistance.
Age of Property: Built in 1983, despite modern updates, the underlying infrastructure may be older, potentially leading to future maintenance or upgrade costs not explicitly detailed in the description.
Lack of Cooling System: The description highlights ocean breezes but does not mention a cooling system (e.g., air conditioning), which could be a drawback for some buyers during warmer periods.

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