31777 5th Avenue, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 4 bath

31777 5th Avenue, Laguna Beach, California 92651 home-pic-0
ACTIVE$3,995,000
31777 5th Avenue, Laguna Beach, California 92651
4Beds
4Baths
3,150Sqft
8,192Lot

Price Vs. Estimate

The estimated value ($3,072,797.6) is $922,202.4 (23%) lower than the list price ($3,995,000). 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 $3.995M is substantially higher than the estimated property value of $3.07M, which may require strong justification or negotiation.

Compared to the nearby listings

Price:$4.00M vs avg $3.12M (+$870,000)67%
Size:3,150 sqft vs avg 2,018 sqft77%
Price/sqft:$1.3K vs avg $1.6K30%

More Insights

Built in 1934 (91 years old).
Condition: Despite being built in 1934, this property has undergone an extensive and high-quality renovation, evident from the 'freshly painted' description and the modern, luxurious finishes throughout. The main kitchen is a 'chef's delight' with Viking appliances, a Fisher & Paykel refrigerator, quartz countertops, and an oversized island. Bathrooms feature dual sinks, marble countertops, and contemporary fixtures. Brazilian cherry flooring and open-beam ceilings add to the upscale aesthetic. The fully finished basement with a 'brand new appliances' kitchen further confirms a comprehensive update. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for extensively renovated properties.
Year Built
1934
Close
-
List price
$4M
Original List price
$4M
Price/Sqft
$1,268
HOA
-
Days on market
-
Sold On
-
MLS number
LG25033790
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Hills, Ocean, Panoramic, Trees/Woods
Deck
ViewCatalina,City Lights,Hills,Ocean,Panoramic,Trees/Woods

About this home

FRESHLY PAINTED AN ELEGANT WHITE! Here’s your chance to live in a home straight out of one of your favorite Nancy Meyers films. This private and enchanting Craftsman-style masterpiece is perfectly situated in South Laguna just blocks from the ocean. With three large ocean-facing decks, revel in the expansive ocean and Catalina Island views throughout the home, a large enclosed front yard, and a tropical backyard that offers a serene escape. The main level is perfect for hosting gatherings, featuring a spacious open floor plan complete with an open-beam ceiling, gas fireplace, and Brazilian cherry flooring that enhance the coastal charm. The kitchen is a chef's delight with Viking appliances, a Fisher & Paykel refrigerator, quartz countertops, and an oversized island. Completing this level are a guest bedroom with private palm views, a full guest bathroom, an oversized 2-car garage, and a wraparound deck offering stunning ocean vistas. Upstairs, the primary suite is a luxurious retreat with an en-suite bathroom, dual sinks, marble countertops, a walk-in closet, and a private balcony offering 180-degree ocean views. The guest bedroom features an en-suite bathroom and a private deck with south-facing ocean views. The home also includes a fully finished basement with its own private entrance, a full kitchen, living room, bedroom, bath, and an ocean and tropical view deck—perfect as a guest house or rental with proven income history. Located just blocks from Thousand Steps Beach and Table Rock Beach, and within walking distance to local shops and restaurants, this home is a romantic coastal sanctuary ready to create new memories.

Nearby schools

9/10
El Morro Elementary School
Public,K-55.5mi
9/10
Thurston Middle School
Public,6-83.5mi
9/10
Laguna Beach High School
Public,9-123.5mi
Condition Rating
Excellent

Despite being built in 1934, this property has undergone an extensive and high-quality renovation, evident from the 'freshly painted' description and the modern, luxurious finishes throughout. The main kitchen is a 'chef's delight' with Viking appliances, a Fisher & Paykel refrigerator, quartz countertops, and an oversized island. Bathrooms feature dual sinks, marble countertops, and contemporary fixtures. Brazilian cherry flooring and open-beam ceilings add to the upscale aesthetic. The fully finished basement with a 'brand new appliances' kitchen further confirms a comprehensive update. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for extensively renovated properties.
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).
Prime Coastal Location & Walkability: Perfectly situated in South Laguna, just blocks from the ocean, Thousand Steps Beach, and Table Rock Beach, with convenient walking distance to local shops and restaurants.
Expansive Ocean & Catalina Island Views: The property boasts stunning panoramic ocean and Catalina Island views from multiple vantage points, including three large ocean-facing decks and a private primary suite balcony.
Income-Generating Potential / Flexible Living: A fully finished basement with a private entrance, full kitchen, living room, bedroom, and bath offers proven income history as a rental or serves as an ideal guest house.
High-End Kitchen & Interior Finishes: The chef's kitchen features Viking appliances, a Fisher & Paykel refrigerator, quartz countertops, and an oversized island, complemented by Brazilian cherry flooring and marble countertops in the primary suite.
Abundant Outdoor Living Spaces: Multiple outdoor areas include three large ocean-facing decks, a wraparound deck with ocean vistas, a large enclosed front yard, and a tropical backyard for serene escapes.

Cons

Significant Price Discrepancy: The current listing price of $3.995M is substantially higher than the estimated property value of $3.07M, which may require strong justification or negotiation.
Age of Construction: Built in 1934, while updated, the property's age may imply potential for unseen maintenance issues or older infrastructure (e.g., plumbing, electrical) that could require future investment beyond cosmetic renovations.
Lack of Central Air Conditioning: The property description does not mention a central cooling system, which could be a drawback for comfort during warmer periods, especially in a luxury coastal home.

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