31862 Cypress Lane, Laguna Beach, California 92651, Laguna Beach, 92651 - 2 bed, 2 bath
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Laguna Beach, California 92651
This Coastal Mid-Century Beach Bungalow represents a Prime Investment Opportunity, listed at $2,145,000—positioned well below the $2,254,483 Fair Market Value by 4%. This valuation gap secures $109,483 in Instant Equity. Featuring an Excellent Condition Rating following a high-end modern renovation, the residence offers retractable sliding glass doors, a large ocean-view deck, and premium finishes. Proximity to Top-Rated 9/10 Schools like El Morro Elementary and the beach makes this a rare find. It is perfectly suited for Owner-Occupants or Lifestyle Investors seeking a turnkey seaside sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31862 Cypress Lane Subject | $2,145,000* List Price | 2 | 2 | 1,100 | $2,050 | - |
A 31911 Crestwood Place Active Under Contract | $2,349,000 List Price | 2 | 2 | 1,233 | $1,905 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1963, the property has undergone a high-end modern renovation within the last 5 years. The kitchen features a contemporary waterfall island and premium stainless steel appliances, the bathrooms are fully updated with modern vanities and tile, and the installation of retractable sliding glass doors indicates significant recent investment in structural and aesthetic systems.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The home features retractable sliding glass doors and a large deck that seamlessly blend the interior with expansive ocean and sunset views, perfect for the Laguna lifestyle.
Situated in a quiet South Laguna pocket just three blocks from the beach, the property offers exceptional walkability to the coast and proximity to top-rated schools.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1100, other record living area = 955. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
At 1,100 square feet, the interior living area is relatively small for the price point, which may be a constraint for buyers requiring more room or storage.
The 2,100 square foot lot is quite modest for a single-family residence, offering minimal private yard space and limited potential for future structural expansion.
Located in a quiet pocket of South Laguna between the rolling green hills and the ocean, just minutes from the Dana Point border, this 2-bedroom, 2-bathroom coastal mid-century beach bungalow offers stunning ocean views and timeless California style. Enter through the front porch into an entryway that leads to the tranquil primary bedroom and bathroom suite on the lower level. A custom wood and glass staircase leads to the upper level and opens to a spacious living room with integrated kitchen and dining areas, all oriented to capture expansive ocean views and west-facing sunsets. A wall of retractable sliding glass doors fully opens to a large deck, creating seamless indoor-outdoor living with treetop and ocean views and refreshing sea breezes. The second bedroom with an en-suite bathroom, is located off the living area. Additional features include a large garage with storage and a washer/dryer area, plus an extra parking space on the resident-only lane. Enjoy the ultimate Laguna Beach lifestyle in this exceptional home, just a short three-block walk to the beach.
No exterior & parking available.
Grades K-5 • 5.8 mi
Grades 6-8 • 3.7 mi
Grades 9-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 15% |
| Baths | 2.0 | 3.0 | 26% |
| Square foot | 1,100 | 2,103.5 | 9% |
| Lot Size | 2,100 | 5,983 | 4% |
| Price | $2.15M | $3.05M | 13% |
| Price per sq ft | $1.9K | $1.6K | 72% |
| Built year | 1963 | 1964 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 181 | 2% |
Apr 20, 2026
$2,145,000
Initial Listing
Aug 13, 2014
$1,175,000
Public Record
Jan 18, 2002
$487,000
Public Record
Apr 30, 1998
$299,000
Public Record