31505 Eagle Rock Way, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath

31505 Eagle Rock Way, Laguna Beach, California 92651 home-pic-0

31505 Eagle Rock Way

Laguna Beach, California 92651

ACTIVE
CONDITION: POOR
3Beds
3Baths
1,616Sq Ft
4,375Lot Size

Property Price

LIST PRICE$2,400,000
EST. MARKET VALUE
$2,248,239
6% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$2,248,239
Based on Realkey algorithm analyzing recent comparable sales in Laguna Beach.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

The property is currently in a non-habitable state as it has been completely gutted for a mid-construction remodel. It lacks a functional kitchen, bathrooms, flooring, and finished electrical or climate systems, requiring substantial investment and rehabilitation to reach a livable condition.

PROSSTRENGTHS & OPPORTUNITIES

  • 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).

  • Panoramic Ocean Views

    The property offers breathtaking, unobstructed vistas of the Pacific Ocean and Catalina Island from throughout the home and backyard, a premium feature that significantly drives long-term value.

  • Bespoke Customization Potential

    As a completely gutted residence in the early stages of remodeling, this home provides a rare blank canvas for an owner-user or developer to execute a high-end, custom coastal vision without the need for demolition.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 1616, other record living area = 1088. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.

  • Non-Habitable Condition

    The property is currently a construction site and requires a substantial investment of both time and capital to complete the renovation before it can be occupied or financed via traditional means.

  • Development Risk

    Purchasing a 1935 structure in mid-renovation involves inherent risks regarding modern building code compliance, coastal permitting timelines, and potential unforeseen structural costs.

About 31505 Eagle Rock Way

With breathtaking ocean views throughout the home and backyard, 31505 Eagle Rock Way presents a rare opportunity to complete a custom coastal retreat in south Laguna Beach. Just over 1,600 square feet, this residence has been completely gutted and is in the early stages of remodeling, offering a blank canvas to bring your vision to life. The current design plans feature two bedrooms and two bathrooms upstairs, thoughtfully positioned to maximize ocean views and natural light. The lower level is laid out as a studio, already plumbed for a kitchen and bathroom, providing flexibility for guest accommodations, rental income, or a private workspace. Set in a desirable location, the property combines sweeping coastal vistas with exceptional potential—ideal for an end user, investor, or builder looking to create a bespoke Laguna Beach home. Enjoy close proximity to world-class beaches, scenic hiking trails, dining, and art galleries, all while shaping a residence tailored to your lifestyle. This is an exceptional opportunity to customize, complete, and capture ocean views in one of Laguna Beach’s most sought-after locations.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1935
Lot Size
4,375 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Laguna Beach Unified Schools

El Morro Elementary School

Grades K-5 • 5.4 mi

9/10

Thurston Middle School

Grades 6-8 • 3.3 mi

9/10

Laguna Beach High School

Grades 9-12 • 3.3 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot1,6162,048
23%
Lot Size4,3756,003
28%
Price$2.40M$3.04M
27%
Price per sq ft$1.5K$1.6K
47%
Built year19351965
14%
HOA$0$0
50%
Days on market17200
2%

Pricing History

Listed for Sale

Feb 18, 2026

$2,400,000

Initial Listing

Sold

Oct 24, 2023

$2,000,000

Public Record

Sold

Mar 5, 1997

$321,000

Public Record

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