Realkey.ai
RealKey
‪(213) 433-7766‬

31502 Mar Vista, Laguna Beach, California 92651, Laguna Beach, 92651 - 5 bed, 5 bath

31502 Mar Vista, Laguna Beach, California 92651 home-pic-0
ACTIVE$5,450,000$2,855/sqft
Est. Value: $5,092,723
-6%
AboveEstimate
31502 Mar Vista, Laguna Beach, California 92651
5Beds
5Baths
2,855Sqft
8,633Lot

Price Vs. Estimate

The estimated value ($5,092,723.48) is $357,276.52 (6%) lower than the list price ($5,450,000). This property may be overpriced.

Key pros and cons

Top Pros:
Panoramic Ocean Views: The property boasts expansive 180°+ panoramic ocean views, including Catalina, coastline, and water, offering a premium aesthetic and significant value.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2855, other record living area = 1939. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 1.

Compared to the nearby listings

Price:$5.45M vs avg $3.15M (+$2,295,000)82%
Size:2,855 sqft vs avg 2,111.5 sqft70%
Price/sqft:$1.9K vs avg $1.6K67%

More Insights

Built in 1973 (53 years old).
Condition: Despite being built in 1973, this property has undergone an extensive and recent renovation. The description explicitly states a 'brand-new chef’s kitchen,' which is evident in the images showcasing high-end stainless steel appliances, modern cabinetry, and contemporary finishes. All bathrooms, both in the main residence and the secondary structure, are fully updated with modern fixtures, stylish tiling, and new vanities. The consistent light wood-look flooring, recessed lighting, and overall sleek aesthetic throughout the property indicate that all components are virtually new and meet current quality standards, with no visible deferred maintenance.
Year Built
1973
Close
-
List price
$5.45M
Original List price
$5.45M
Price/Sqft
$1,909
HOA
-
Days on market
-
Sold On
-
MLS number
LG26010990
Home ConditionExcellent
Features
Excellent View: Catalina, Coastline, Neighborhood, Ocean, Panoramic, Water
Deck
ViewCatalina, Coastline, Neighborhood, Ocean, Panoramic, Water

About this home

Expansive Ocean View Compound. Experience panoramic 180°+ ocean views from this exceptional coastal compound offering unmatched privacy, two separate living quarters, abundant storage, and on-site parking for up to eight cars. Perched above the coastline, this Laguna Beach estate embodies the essence of comfortable coastal living—where privacy, space, and modern design converge. The main residence offers three bedrooms, three baths, a den, and a brand-new chef’s kitchen that opens to an expansive ocean-view deck. Walls of glass blur the line between indoors and out, creating a seamless flow ideal for relaxed living, intimate coastal gatherings or grand scale soirees! A secondary structure enhances the property’s versatility with a charming cottage vibe, featuring two additional bedrooms and two baths—perfect for guests, extended family, or a private studio retreat. This is a one-of-a-kind property that offers privacy, flexibility, unmatched views, fantastic parking, expansive storage, and the ultimate indoor/outdoor living experience. Be sure to check out the 3D Walkthrough.

M
Marcus Skenderian
Listing Agent

Price History

Date
Event
Price
02/18/20
Sold
$1,900,000
12/07/16
Sold
$1,580,000
06/27/02
Sold
$695,000
Condition Rating
Excellent
Despite being built in 1973, this property has undergone an extensive and recent renovation. The description explicitly states a 'brand-new chef’s kitchen,' which is evident in the images showcasing high-end stainless steel appliances, modern cabinetry, and contemporary finishes. All bathrooms, both in the main residence and the secondary structure, are fully updated with modern fixtures, stylish tiling, and new vanities. The consistent light wood-look flooring, recessed lighting, and overall sleek aesthetic throughout the property indicate that all components are virtually new and meet current quality standards, with no visible deferred maintenance.
Pros & Cons

Pros

Panoramic Ocean Views: The property boasts expansive 180°+ panoramic ocean views, including Catalina, coastline, and water, offering a premium aesthetic and significant value.
Versatile Dual Living Quarters: Featuring two separate living quarters, including a main residence and a charming secondary cottage, providing exceptional flexibility for guests, extended family, or a private studio.
Exceptional Privacy & Location: Perched above the coastline in desirable South Laguna Village, the estate offers unmatched privacy, a highly sought-after attribute in this exclusive area.
Abundant Parking & Storage: Rare for a coastal property, it provides on-site parking for up to eight cars and abundant storage, addressing common practical challenges in such locations.
Modern Indoor/Outdoor Living & Updated Kitchen: The main residence features a brand-new chef’s kitchen and walls of glass that create a seamless indoor/outdoor flow to an expansive ocean-view deck, ideal for entertaining.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2855, other record living area = 1939. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 1.
Age of Construction: Built in 1973, while a new kitchen is highlighted, other major systems and components of the property may be original or require future updates not explicitly detailed.
Absence of Mentioned Cooling System: The property description does not specify the presence of a cooling system (e.g., air conditioning), which could be a consideration for comfort during warmer periods.
Potential for Higher Maintenance: As an 'expansive compound' with 'two separate living quarters,' the property may entail higher ongoing maintenance and operational costs compared to a standard single-family residence.
Browse Properties by State Browse housing market trends by state