32056 Coast Highway, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 1 bath
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Laguna Beach, California 92651
This Coastal Sanctuary with Expansion Potential is a Strong Value Opportunity, listed at $2,599,000—positioned well below the $2,744,011 Fair Market Value by 5%. This valuation gap provides $145,011 in Instant Equity. Boasting a Good Condition Rating, the residence features panoramic ocean views and a rare 10,637 sqft lot with significant development upside. Located within a premier district with 9/10 rated schools, it balances lifestyle luxury with financial logic. This is an ideal acquisition for Owner-Occupants or Luxury Portfolio Investors.
Property is move-in ready.
While originally built in 1949, the property has undergone significant renovations that place it in the 'Good' category. The kitchen is updated with stainless steel appliances and stone countertops, and the interior features well-maintained hardwood floors and new carpet. The home is move-in ready and functional, consistent with a 5-15 year renovation age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10637, living area = 1175.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The property boasts panoramic sweeping ocean and Catalina Island vistas, providing a quintessential Laguna Beach backdrop from both the residence and the expansive outdoor living areas.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10637, other record lot size in square feet = 6387.
With only one bathroom serving three bedrooms, the current configuration may be inconvenient for modern families and could necessitate a significant renovation to meet luxury market expectations.
At 1,175 square feet, the interior living space is relatively modest for the $2.6M price point, which may require a footprint expansion to fully capitalize on the property's value.
This rare South Laguna Beach opportunity features sweeping ocean views and a unique combination of a single-family residence and an adjoining parcel. Offering a premier coastal home and gathering retreat, the home is nestled behind private, enclosed grounds and features an inviting single-level, three-bedroom residence with a two-car garage and generous on-site parking. The expansive outdoor space captures the essence of relaxed beachside living, where a large tropical grassy yard, patios, and decks serve as versatile venues for entertaining against a backdrop of panoramic sweeping ocean views and Catalina Island vistas. The residence blends timeless California architecture with thoughtful updates, including a charming Dutch door entry, hardwood flooring, beamed ceilings, and new carpet. At the heart of the home, a bright and open kitchen with stainless steel appliances and a center island overlooks the lush grounds and opens to Saltillo tile patios, creating an effortless indoor-outdoor flow. Ideally located near Thousand Steps Beach and Aliso Beach, the home provides convenient access to the region’s finest resorts, dining, and golf amenities. Whether serving as a full-time residence or a legacy investment, this home offers a rare chance to own a coastal sanctuary defined by its unrivaled ocean views.
No exterior & parking available.
Grades K-5 • 5.9 mi
Grades 6-8 • 3.9 mi
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 1,175 | 2,107 | 9% |
| Lot Size | 10,637 | 6,003 | 88% |
| Price | $2.60M | $3.04M | 32% |
| Price per sq ft | $2.2K | $1.6K | 79% |
| Built year | 1949 | 1964 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 180 | 3% |
Apr 21, 2026
$2,599,000
$2,799,000
-7% Price Drop
Initial Listing
Mar 21, 2026
$2,799,000
Initial Listing
Apr 3, 2001
$400,000
Public Record