31402 Ocean View, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 4 bath

31402 Ocean View, Laguna Beach, California 92651 home-pic-0
ACTIVE$4,799,000
31402 Ocean View, Laguna Beach, California 92651
3Beds
4Baths
2,600Sqft
7,440Lot

Price Vs. Estimate

The estimated value ($3,510,009.8) is $1,288,990.2 (26%) lower than the list price ($4,799,000). 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:
Significant Price Discrepancy: The current listing price of $4.799M is 26% higher than the estimated property value of $3.51M, suggesting a potential overvaluation compared to market data and recent sales.

Compared to the nearby listings

Price:$4.80M vs avg $3.12M (+$1,674,000)75%
Size:2,600 sqft vs avg 2,018 sqft65%
Price/sqft:$1.8K vs avg $1.6K62%

More Insights

Built in 1933 (92 years old).
Condition: Despite being built in 1933, this Spanish villa has undergone an extensive and high-quality recent renovation with designer coastal finishes. The kitchen is a showpiece with custom white cabinetry, quartz island countertops, a farmhouse sink, and high-end built-in stainless steel appliances. The bathrooms are spa-like, featuring modern vanities, freestanding tubs, glass-enclosed showers, and elegant designer tile. Solid wood flooring, modern light fixtures, and a fresh aesthetic are evident throughout, indicating that all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1933
Close
-
List price
$4.8M
Original List price
$4.95M
Price/Sqft
$1,846
HOA
-
Days on market
-
Sold On
-
MLS number
LG25059600
Home ConditionExcellent
Features
Excellent View: Catalina, Neighborhood, Ocean, Water
Deck
Patio
ViewCatalina, Neighborhood, Ocean, Water

About this home

The magic of this property begins the moment you enter the front gate of this authentic Spanish villa home. This is a magnificent retreat, remodeled with designer coastal finishes that mirror the ocean and canyon views and colors. If you seek a deep connection to nature along with elegant, yet casual living, this checks boxes you didn’t know you had. This property is on a premiere street in Laguna Royale, and doesn’t require a steep narrow drive, unlike many properties. It’s a short walk to one of Laguna’s best and iconic beaches at West Street and Table Rock. With multiple patios, decks, a courtyard and terraced gardens, this mini compound enables hammock time, sunbathing, sunset gazing or even a football toss with favorite clan. It is gracefully tiered and landscaped for ease and use. Also unique for Laguna, an attached two car garage, and additional parking for four. The main level features an open concept kitchen, dining and living room with fireplace, multiple French doors and ocean views. Further, on the main floor there is a spacious en suite bedroom. The soft open arches, solid wood floors, high ceilings and beams handsomely complement this 1930’s Spanish home. The chefs kitchen is a show piece with custom cabinetry, quartz island countertops, farmhouse sink, walk in pantry, a built in coffee bar and a desk niche with floating shelves. It is steeped in natural light from the windows and French doors. Al Fresca dining is possible in the front courtyard or off the living room view deck , or primary bedroom deck- owner’s choice! Downstairs the luxurious primary suite includes wide plank, solid wood flooring, fireplace, ample closet space and an attached spa style bath and shower with dual vanities and a towel/vanity niche, all custom, with elegant designer tile throughout. A secondary en-suite bedroom opens onto a peaceful courtyard. This rare legacy property embodies passion and love for nature and authenticity — the true Laguna Beach lifestyle.

Nearby schools

9/10
El Morro Elementary School
Public,K-55.1mi
9/10
Thurston Middle School
Public,6-83.1mi
9/10
Laguna Beach High School
Public,9-123.1mi
Condition Rating
Excellent

Despite being built in 1933, this Spanish villa has undergone an extensive and high-quality recent renovation with designer coastal finishes. The kitchen is a showpiece with custom white cabinetry, quartz island countertops, a farmhouse sink, and high-end built-in stainless steel appliances. The bathrooms are spa-like, featuring modern vanities, freestanding tubs, glass-enclosed showers, and elegant designer tile. Solid wood flooring, modern light fixtures, and a fresh aesthetic are evident throughout, indicating that all components are new or virtually new, meeting current quality standards with no deferred maintenance.
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).
Premier Location & Beach Access: Situated on a premiere street in Laguna Royale, the property offers a short, easy walk to iconic West Street and Table Rock beaches, a highly desirable feature in Laguna Beach.
Extensive Outdoor Living Spaces: The 'mini compound' boasts multiple patios, decks, a courtyard, and terraced gardens, providing diverse areas for relaxation, entertaining, and enjoying the natural surroundings.
Authentic Spanish Architecture with Modern Remodel: This authentic 1933 Spanish villa has been beautifully remodeled with designer coastal finishes, preserving its charm with solid wood floors, high ceilings, and beams, while offering contemporary comforts.
Gourmet Chef's Kitchen: The showpiece chef's kitchen features custom cabinetry, quartz island countertops, a farmhouse sink, walk-in pantry, built-in coffee bar, and desk niche, catering to high-end culinary needs.
Ample Parking: A rare find in Laguna Beach, the property includes an attached two-car garage and additional parking for four vehicles, addressing a common challenge in the area.

Cons

Significant Price Discrepancy: The current listing price of $4.799M is 26% higher than the estimated property value of $3.51M, suggesting a potential overvaluation compared to market data and recent sales.
Age of Original Structure: Despite extensive remodeling, the 1933 build year of the core structure may imply potential for underlying infrastructure issues (e.g., plumbing, electrical, foundation) that might not be fully updated or could require future investment.
Absence of Key Luxury Amenities: The property description does not mention a cooling system (AC) or a private pool, which are often expected features in luxury homes at this price point, especially when compared to some newer or more amenity-rich comparables.

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