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31877 Circle Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 2 bath

31877 Circle Drive, Laguna Beach, California 92651 home-pic-0
ACTIVE$10,995,000
31877 Circle Drive, Laguna Beach, California 92651
3Beds
2Baths
5,109Sqft
12,179Lot

Price Vs. Estimate

The estimated value ($10,202,051.84) is $792,948.16 (7%) lower than the list price ($10,995,000). 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:
Price Discrepancy: The property has undergone a significant price reduction from its original list price ($13.995M to $10.995M) and is still listed 7% above its estimated market value, suggesting potential overvaluation or market resistance.

Compared to the nearby listings

Price:$10.99M vs avg $3.12M (+$7,870,000)93%
Size:5,109 sqft vs avg 2,018 sqft96%
Price/sqft:$2.2K vs avg $1.6K76%

More Insights

Built in 1950 (75 years old).
Condition: Despite being built in 1950, the property has undergone an extensive and high-quality modern renovation. The kitchen features sleek flat-panel white cabinetry, stainless steel appliances, and modern pendant lighting. Both bathrooms are fully updated with contemporary vanities, fixtures, and large walk-in showers with modern tiling. Throughout the home, there is consistent light wood flooring, recessed lighting, and a clean, minimalist aesthetic, indicating that all major components are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1950
Close
-
List price
$10.99M
Original List price
$13.99M
Price/Sqft
$2,152
HOA
-
Days on market
-
Sold On
-
MLS number
LG25010796
Home ConditionExcellent
Features
Excellent View: Catalina, Coastline, Ocean, Panoramic, Water
Deck
Patio
ViewCatalina, Coastline, Ocean, Panoramic, Water

About this home

Perched above Totuava Beach on the pristine Laguna Beach coastline, 31877 Circle Drive offers an unparalleled waterfront living experience with breathtaking views that stretch from Palos Verdes to the north and all the way to San Diego in the south. This rare and extraordinary property includes exclusive ownership of the beach directly in front, complete with a private cabana featuring its own kitchen and bathroom—perfect for entertaining or enjoying peaceful seaside moments. Totuava is considered one of the best hidden beaches in the United States, tucked away between Table Rock and Thousand Steps beach. Set on an expansive 12,179-square-foot lot, this coastal gem boasts 3 bedrooms and 2 bathrooms, blending modern aesthetics and functionality with a backdrop of endless ocean vistas. Whether it’s hosting guests, relishing the beauty of the Pacific, or making memories at your private beach retreat, this home delivers an exceptional lifestyle few can match. A true Laguna Beach treasure, 31877 Circle Drive is your opportunity to own a slice of Southern California paradise.

Nearby schools

9/10
El Morro Elementary School
Public,•K-5•5.6mi
9/10
Thurston Middle School
Public,•6-8•3.7mi
9/10
Laguna Beach High School
Public,•9-12•3.6mi
Condition Rating
Excellent
Despite being built in 1950, the property has undergone an extensive and high-quality modern renovation. The kitchen features sleek flat-panel white cabinetry, stainless steel appliances, and modern pendant lighting. Both bathrooms are fully updated with contemporary vanities, fixtures, and large walk-in showers with modern tiling. Throughout the home, there is consistent light wood flooring, recessed lighting, and a clean, minimalist aesthetic, indicating that all major 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).
Exclusive Beach Ownership: This property offers the exceptionally rare and valuable feature of exclusive ownership of the beach directly in front, providing unparalleled private access.
Breathtaking Panoramic Views: The property boasts unparalleled waterfront views stretching from Palos Verdes to San Diego, encompassing Catalina, coastline, ocean, and panoramic vistas.
Private Beach Cabana with Amenities: Included is a private beach cabana complete with its own kitchen and bathroom, enhancing the luxury and utility of the private beach access for entertaining or relaxation.
Prime Waterfront Location: Perched above Totuava Beach, considered one of the best hidden beaches in the U.S., the property offers a pristine and secluded Laguna Beach coastline setting.
Expansive Lot Size: Set on a generous 12,179-square-foot lot, this property provides ample space for a direct beachfront residence in a highly desirable area.

Cons

Price Discrepancy: The property has undergone a significant price reduction from its original list price ($13.995M to $10.995M) and is still listed 7% above its estimated market value, suggesting potential overvaluation or market resistance.
Older Construction: Built in 1950, the property's age may necessitate significant updates to its core infrastructure, systems, and overall design to meet contemporary luxury standards, despite any existing 'modern aesthetics'.
Limited Accommodations for Price Point: With only 3 bedrooms and 2 bathrooms for a property of this price and lot size, the accommodation count might be considered modest by luxury buyers seeking more extensive living spaces or guest capacity.

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