
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 | $1,902 | - |
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.
A rare offering that evokes the romance of the Mediterranean coast, this timeless Spanish villa is gracefully set along one of Laguna Beach’s most coveted streets, just moments from the sand. With an exceptional walk-to-beach and village lifestyle, the home is a short stroll to the iconic shores of West Street and Table Rock, as well as beloved local cafés and dining destinations. Framed by sweeping ocean vistas, the residence unfolds across a unique parcel through a series of sun-drenched terraces, patios, and lush gardens—creating an effortless indoor-outdoor rhythm ideal for alfresco dining, sunset gatherings, or quiet moments beneath the coastal sky. The main level is both elegant and inviting, where an open-concept living, dining, and kitchen space is defined by soaring ceilings, rich wood floors, a statement fireplace, and French doors that invite in the ocean breeze. Thoughtfully designed, the chef’s kitchen features bespoke cabinetry, an expansive quartz island, farmhouse sink, walk-in pantry, and a charming built-in coffee bar with adjacent workspace. A private en suite guest retreat completes this level, offering comfort and discretion for visitors. Below, the primary suite is a serene sanctuary, capturing ocean views and offering a fireplace, spa-inspired bath, and seamless access to outdoor living spaces. An additional en suite bedroom opens to a tranquil courtyard, enhancing the home’s sense of retreat. Adding to the property’s versatility, a detached wine cellar or office with private entry provides an intimate, flexible space tucked within the garden setting. Uncommonly found in Laguna Beach, the home also offers an attached two-car garage and additional off-street parking. Elegant yet relaxed, refined yet welcoming—this villa embodies the essence of coastal Mediterranean living in Laguna Beach, where the beach, dining, Montage Resort and Spa, The Ranch and Ben Browns 9 hole golf are all just moments away.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 64% |
| Square foot | 2,600 | 2,120 | 73% |
| Lot Size | 7,440 | 6,125 | 65% |
| Price | $4.80M | $3.20M | 75% |
| Price per sq ft | $1.8K | $1.6K | 66% |
| Built year | 1933 | 1963 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 171 | 3% |
May 30, 2026
$4,799,000
Initial Listing
Jun 3, 2024
$3,650,000
Public Record
Jun 23, 2005
$2,214,000
Public Record