319 Cypress Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 5 bed, 3 bath

319 Cypress Drive, Laguna Beach, California 92651 home-pic-0
ACTIVE$8,995,000
319 Cypress Drive, Laguna Beach, California 92651
5Beds
3Baths
4,000Sqft
6,000Lot

Price Vs. Estimate

The estimated value ($6,936,057.3) is $2,058,942.7 (22%) lower than the list price ($8,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime North Laguna Location: Situated in the highly coveted 'Tree Streets' neighborhood, offering exceptional walkability to downtown Laguna, Main Beach, Heisler Park, and a multitude of local amenities.
Top Cons:
Significant Price Discrepancy: The current list price is substantially higher (22% above) the estimated property value, potentially indicating an aggressive pricing strategy or a challenge in market valuation.

Compared to the nearby listings

Price:$8.99M vs avg $3.12M (+$5,870,000)91%
Size:4,000 sqft vs avg 2,018 sqft92%
Price/sqft:$2.2K vs avg $1.6K78%

More Insights

Built in 1951 (74 years old).
Condition: Despite being built in 1951, the property has undergone extensive and recent renovations. The description explicitly states 'fully remodeled interiors,' a 'new gourmet kitchen' in the main residence, and 'beautifully remodeled' units with 'new kitchens and baths' in the four-plex. Images confirm modern, high-end designer finishes, sleek kitchens with contemporary cabinetry and stainless steel appliances, hardwood flooring, and updated lighting, indicating all components are virtually new and meet current quality standards with no deferred maintenance.
Year Built
1951
Close
-
List price
$8.99M
Original List price
$8.99M
Price/Sqft
$2,249
HOA
-
Days on market
-
Sold On
-
MLS number
LG25064715
Home ConditionExcellent
Features
Excellent View: Catalina, Hills, Ocean, Water
Deck
Patio
ViewCatalina, Hills, Ocean, Water

About this home

Fabulous property located in coveted North Laguna “Tree Streets” neighborhood. The primary residence is classic Cape Cod architecture and includes fully remodeled interiors with three bedrooms, two baths and an adjoining two-level ocean view guest quarters. Beyond the residence and through the courtyard presents the large, detached residential four-plex accessed from Cedar Way. The home offers high end designer finishes throughout the bright interiors and boasts a new gourmet kitchen and adjacent glassed family room. Ocean views from upper levels including a large entertainment deck. The private exterior courtyard provides a wonderful indoor/outdoor lifestyle for this elegant residence. The main residence has a spacious driveway and over-sized two car garage facing Cypress. All four Cedar Way units are beautifully remodeled and comprises two studio apartments and two 1-bedroom apartments with new kitchens and baths in each. Also, the rear structure provides additional garage space, laundry room and property storage. Legal as a six-unit complex, the property has a multitude of options - particularly as large residence for part-time/full-time use and supplemented with an attractive income stream from the four or five apartments. Located near Aster and Cypress, the site is ideal for strolling to downtown Laguna, Main Beach, Heisler Park and a multitude of restaurants, galleries and shops. This a very special, landmark-style compound.

Condition Rating
Excellent

Despite being built in 1951, the property has undergone extensive and recent renovations. The description explicitly states 'fully remodeled interiors,' a 'new gourmet kitchen' in the main residence, and 'beautifully remodeled' units with 'new kitchens and baths' in the four-plex. Images confirm modern, high-end designer finishes, sleek kitchens with contemporary cabinetry and stainless steel appliances, hardwood flooring, and updated lighting, indicating all components are virtually new and meet current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime North Laguna Location: Situated in the highly coveted 'Tree Streets' neighborhood, offering exceptional walkability to downtown Laguna, Main Beach, Heisler Park, and a multitude of local amenities.
Substantial Income-Generating Potential: Features a legal six-unit complex, including a detached four-plex and guest quarters, providing a significant and attractive income stream.
Panoramic Ocean Views: Boasts impressive ocean, Catalina, and water views from multiple levels, including a large entertainment deck and guest quarters, enhancing desirability.
Luxurious & Fully Remodeled Interiors: Both the main residence and income units feature high-end designer finishes, new gourmet kitchens, and fully remodeled interiors, offering modern comfort and appeal.
Versatile Compound & Ample Amenities: Offers flexible usage as a large primary residence with supplemental income, complemented by a spacious driveway, oversized garages, private courtyard, and additional storage/laundry facilities.

Cons

Significant Price Discrepancy: The current list price is substantially higher (22% above) the estimated property value, potentially indicating an aggressive pricing strategy or a challenge in market valuation.
Age of Core Structure: Despite extensive remodeling, the primary residence was built in 1951, which may raise concerns about the condition of original underlying systems (e.g., plumbing, electrical, foundation) not explicitly stated as fully updated.
Management Complexity of Multi-Unit Property: Operating a six-unit complex entails increased responsibilities for property management, tenant relations, and ongoing maintenance compared to a single-family home.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state