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31844 8th Avenue, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 2 bath

31844 8th Avenue, Laguna Beach, California 92651 home-pic-0
ACTIVE$2,195,000
31844 8th Avenue, Laguna Beach, California 92651
3Beds
2Baths
1,262Sqft
2,362Lot

Price Vs. Estimate

The estimated value ($1,705,007.18) is $489,992.82 (22%) lower than the list price ($2,195,000). 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:
Potential Overpricing: The current list price of $2,195,000 is significantly higher than the estimated property value of $1,705,007, suggesting it may be overpriced relative to market comparables.

Compared to the nearby listings

Price:$2.19M vs avg $3.10M ($-900,000)22%
Size:1,262 sqft vs avg 2,015.5 sqft17%
Price/sqft:$1.7K vs avg $1.6K59%

More Insights

Built in 1949 (76 years old).
Condition: Despite being built in 1949, the property has undergone a quintessential and extensive remodel, as evidenced by the 'chef’s kitchen' with modern stainless steel appliances, granite countertops, and a central island. The 'luxurious bathroom' features an oversized walk-in shower with a rain head and dual sinks, all indicative of recent, high-quality updates. The consistent, modern tiled flooring throughout the main living areas and the overall 'turnkey' condition suggest that all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1949
Close
-
List price
$2.19M
Original List price
$2.19M
Price/Sqft
$1,739
HOA
-
Days on market
-
Sold On
-
MLS number
LG25085412
Home ConditionExcellent
Features
Excellent View: Hills, Ocean, Water
Deck
ViewHills, Ocean, Water

About this home

Nestled atop South Laguna Village, this quintessential remodeled 3-bedroom beach cottage offers an ideal location just steps away from premier Laguna Beach restaurants, world-class hiking trails, and iconic beaches, including Thousand Steps, Table Rock, and West St. Revel in expansive ocean and Catalina Island views from the spacious exterior deck and main living areas. Boasting an open floor plan designed for entertaining, the chef’s kitchen features a central island and flows seamlessly into the great room and ocean-view deck, perfect for alfresco dining and breathtaking sunsets. The upstairs main level hosts the primary bedroom, guest room, and a luxurious bathroom with an oversized walk-in shower, rain head, and dual sinks. Additionally, the property includes a separate 3rd bedroom studio with a full bath, ideal for guests or rental income, also with room for expansion. Ample parking, including two covered spaces and private street parking, completes this turnkey ocean-view cottage, inviting you to embrace the vibrant Laguna Beach lifestyle.

Nearby schools

9/10
El Morro Elementary School
Public,•K-5•5.7mi
9/10
Thurston Middle School
Public,•6-8•3.7mi
9/10
Laguna Beach High School
Public,•9-12•3.7mi
Condition Rating
Excellent
Despite being built in 1949, the property has undergone a quintessential and extensive remodel, as evidenced by the 'chef’s kitchen' with modern stainless steel appliances, granite countertops, and a central island. The 'luxurious bathroom' features an oversized walk-in shower with a rain head and dual sinks, all indicative of recent, high-quality updates. The consistent, modern tiled flooring throughout the main living areas and the overall 'turnkey' condition suggest 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).
Unbeatable Coastal Location: Steps away from premier restaurants, world-class hiking trails, and iconic beaches (Thousand Steps, Table Rock, West St.), offering an unparalleled Laguna Beach lifestyle.
Panoramic Ocean & Catalina Island Views: Expansive and captivating ocean and Catalina Island views from the main living areas and spacious exterior deck, significantly enhancing desirability and value.
Turnkey Remodeled Interior: A quintessential beach cottage that has been thoughtfully remodeled, featuring a chef's kitchen with a central island and a luxurious primary bathroom, ready for immediate enjoyment.
Flexible Living & Income Potential: Includes a separate 3rd bedroom studio with a full bath, providing versatility for guest accommodation, potential rental income, or future expansion.
Ample & Covered Parking: Offers convenient and rare ample parking, including two covered spaces and additional private street parking, a significant advantage in this desirable area.

Cons

Potential Overpricing: The current list price of $2,195,000 is significantly higher than the estimated property value of $1,705,007, suggesting it may be overpriced relative to market comparables.
Compact Lot Size: With a lot size of 2,362 sqft, the property offers limited outdoor space, which might be a consideration for buyers seeking larger yards or extensive landscaping.
Age of Original Structure: Built in 1949, while extensively remodeled, the underlying older construction may present long-term maintenance considerations or limitations compared to newer builds.

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