31502 Mar Vista, Laguna Beach, California 92651, Laguna Beach, 92651 - 5 bed, 5 bath
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Laguna Beach, California 92651
This Stunning Coastal Compound is listed at $5,450,000, aligning perfectly with its $5,450,000 Fair Market Value. Featuring a brand-new chef’s kitchen, contemporary glass railings, and a versatile secondary cottage, the property boasts a Mint Condition Rating requiring no immediate capital expenditure. Situated in the prestigious Laguna Beach Unified district, this estate offers a rare combination of panoramic 180-degree ocean views and on-site parking for eight cars. It provides a sophisticated, turnkey lifestyle for discerning luxury homeowners or multi-generational families seeking a private coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31502 Mar Vista Subject | $5,450,000* List Price | 5 | 5 | 2,855 | $1,909 | - |
A 31331 Holly Drive Sold | $4,450,000 | 3 | 4 | 2,440 | $1,824 | 0.4 mi |
B 31831 Sunset Avenue Sold | $4,500,000 | 3 | 5 | 2,300 | $1,957 | 0.4 mi |
C 31402 Ocean View Active | $4,799,000 List Price | 3 | 4 | 2,600 | $1,846 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1973, the property has undergone a high-end modern renovation within the last 5 years. It features a brand-new chef's kitchen with Wolf and Sub-Zero appliances, updated flooring, contemporary glass railings, and modernized systems, meeting the criteria for mint condition.
The property offers exceptional 180-degree unobstructed views of the coastline and Catalina Island, a premium feature that significantly enhances the estate's long-term value.
With two separate living quarters including a main residence and a charming cottage, the property provides rare flexibility for multi-generational living, guest accommodations, or a private studio.
The rare ability to park up to eight cars on-site addresses one of the most significant infrastructure challenges in Laguna Beach, offering unmatched convenience for owners and guests.
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.
With 132 days on the market, the property may be experiencing buyer resistance, potentially indicating that the current list price is testing the upper limits of the South Laguna sub-market.
The listing price represents a nearly 187% increase from its 2020 sale price, which may lead to appraisal challenges or require extensive documentation of improvements beyond the kitchen remodel.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 5.0 | 3.0 | 86% |
| Square foot | 2,855 | 2,120 | 78% |
| Lot Size | 8,633 | 6,125 | 78% |
| Price | $5.45M | $3.20M | 83% |
| Price per sq ft | $1.9K | $1.6K | 72% |
| Built year | 1973 | 1964 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 143 | 172 | 39% |
Jan 15, 2026
$5,450,000
Initial Listing
Feb 18, 2020
$1,900,000
Public Record
Dec 7, 2016
$1,580,000
Public Record
Jun 27, 2002
$695,000
Public Record