
Laguna Beach, California 92651
This Turnkey Spanish Villa is a Prime Investment Opportunity, listed at $4,799,000—positioned well below the $4,944,926 Fair Market Value by 3%. This valuation gap offers $145,926 in Instant Equity. Boasting a Condition Rating of 2, the home features a modern chef's kitchen and panoramic ocean views. Located in the Laguna Beach Unified district with 9/10 rated schools, this residence offers a rare blend of coastal luxury and financial stability, making it an ideal acquisition for discerning homeowners or luxury investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31402 Ocean View Subject | $4,799,000* List Price | 3 | 4 | 2,600 | $1,979 | - |
A 31331 Holly Drive Sold | $4,450,000 | 3 | 4 | 2,440 | $1,824 | 0.1 mi |
B 31831 Sunset Avenue Sold | $4,500,000 | 3 | 5 | 2,300 | $1,957 | 0.6 mi |
C 31272 Ceanothus Drive Active | $3,700,000 List Price | 3 | 3 | 2,390 | $1,548 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1933 build date, the property has undergone a comprehensive, high-end renovation within the last 5 years. The interior features a modern chef's kitchen with quartz countertops, farmhouse sink, and bespoke cabinetry, alongside spa-inspired bathrooms and updated systems. The mint condition of the wood floors, vaulted ceilings, and exterior finishes indicates a move-in ready home with 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).
Situated on a coveted street with exceptional walkability to West Street and Table Rock beaches, as well as proximity to the Montage Resort and local dining.
The residence offers sweeping vistas of the Pacific Ocean and Catalina Island, complemented by an effortless indoor-outdoor flow through multiple terraces and lush gardens.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2600, other record living area = 2442.
Originally built in 1933, the property may require ongoing maintenance or specialized care typical of vintage Spanish villas to preserve its historic integrity.
With a listing price nearly 31% higher than its 2024 sale price, the aggressive valuation may face scrutiny from buyers regarding current market comparables.
Evoking the romance of the Mediterranean coast, this timeless Spanish villa is a rare, hidden sanctuary gracefully set along one of South Laguna’s most coveted streets. Capturing the ultimate trifecta of panoramic ocean views, exceptional walkability and absolute privacy. Framed by lush, mature landscaping that shields you from the world, the estate unfolds across a unique parcel through sun drenched terraces, hidden patios and secret gardens—creating a secluded indoor/outdoor rhythm ideal for quiet moments or intimate alfresco entertaining. Inside, the open concept main level offers effortless, single level living where soaring ceilings, rich wood floors and a statement fireplace flow into a gourmet kitchen meticulously appointed with an expansive quartz island, walk in pantry and a built in coffee bar—all opening through French doors to the ocean breeze and a private en suite guest retreat. Below, the primary suite serves as a serene ocean view sanctuary featuring a fireplace, spa bath and seamless terrace access, positioned closely to a third en suite bedroom that opens to a tranquil courtyard to keep loved ones near. Tucked within the gardens, a detached wine cellar or office with a private entry provides an intimate, flexible workspace completely separated from the main house. Uncommonly found in Laguna Beach, an attached two-car garage plus additional off street parking adds rare coastal convenience. Elegant, refined and deeply secure, this estate offers a rare walkable luxury lifestyle, situated just a short stroll from the iconic shores of West Street and Table Rock Beach, local cafés, and minutes from the world-class Montage Resort and Spa
No exterior & parking available.
Grades K-5 • 5.1 mi
Grades 6-8 • 3.1 mi
Grades 9-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,600 | 2,351 |
| Lot Size | 7,440 | 6,231 |
| Price | $4.80M | $3.25M |
| Price per sq ft | $1.8K | $1.7K |
| Built year | 1933 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 53 | 71 |
May 30, 2026
$4,799,000
Initial Listing
Jun 3, 2024
$3,650,000
Public Record
Jun 23, 2005
$2,214,000
Public Record