33 Bay Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 6 bath

33 Bay Drive, Laguna Beach, California 92651 home-pic-0

33 Bay Drive

Laguna Beach, California 92651

ACTIVE
CONDITION: EXCELLENT
4Beds
6Baths
5,072Sq Ft
9,040Lot Size

Property Price

LIST PRICE$29,950,000
EST. MARKET VALUE
$32,100,096
7% BelowMARKET VALUE

SUMMARY

Analysis of 33 Bay Drive, Laguna Beach, California 92651 reveals a Prime Investment Opportunity with a current list price of $29,950,000—significantly undercutting the $32,100,096 Fair Market Value by 7%. This valuation gap indicates a +$2,150,096 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Laguna Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$32,100,096 +$2,150,096 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Laguna Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
33 Bay Drive
Subject
$29,950,000*
List Price
465,072$6,329-
A
3 N La Senda
Active
$22,000,000
List Price
443,300$6,6670.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property, built in 2007, has been 'newly remodeled to the highest standards inside and outdoors,' with 'virtually every detail of the home new,' including its roof and exterior. The description and images confirm an extensive renovation within the last 5 years. The kitchen is state-of-the-art with top-tier Sub-Zero, Bosch, and Wolf appliances, custom white Shaker cabinetry, and a glass-enclosed wine wall. Bathrooms are lavish and modern, featuring contemporary fixtures, glass-enclosed showers, and freestanding tubs. Wide-plank wood flooring, high-end lighting, and glass stair rails are present throughout. All components are new or virtually new, meeting current quality standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Panoramic Oceanfront Views

    The property boasts unparalleled panoramic views of the Pacific Ocean, Catalina Island, Mussel Cove, and spectacular sunsets from its prime oceanfront perch.

  • Extensive High-End Remodel

    Recently remodeled to the highest standards, the home features a new roof, natural stone exterior, wide-plank wood flooring, high-end lighting, and glass stair rails, ensuring modern luxury.

  • State-of-the-Art Gourmet Kitchen

    The kitchen is equipped with top-tier appliances including Sub-Zero, Bosch, and Wolf, a glass-enclosed wine wall, custom cabinetry, and a prep kitchen with a walk-in pantry, ideal for culinary enthusiasts.

CONSRISKS & DEFICIENCIES

  • Multi-Level Layout with Extensive Stairs

    Despite having an elevator, the multi-level floorplan with numerous stairs between levels may present accessibility challenges or be less desirable for some buyers seeking single-level living.

  • Extremely High Price Point

    With a list price of nearly $30 million, the property targets an extremely niche market, significantly limiting the pool of potential buyers.

  • Substantial Monthly Association Fees

    The monthly association fee of $2,750 is considerable, adding a significant recurring cost to ownership that could be a factor for even affluent buyers.

About 33 Bay Drive

From its stunning perch overlooking the ocean, the beach at Mussel Cove, breaking waves, rocky cliffs, Catalina Island and spectacular sunsets, this contemporary Laguna Beach masterpiece redefines luxurious oceanfront style and living. Newly remodeled to the highest standards inside and outdoors, the custom estate is located at the end of a cul-de-sac in guard-gated Three Arch Bay, one of Southern California’s most sought-after addresses. The sound of the surf creates a natural playlist for an incomparable lifestyle, lending excitement to entertaining and calm to relaxation. Virtually every detail of the home is new, including its roof and exterior walls clad in natural stone tile. Approximately 5,072 square feet, the residence offers direct beach access and reveals itself to be exceptionally open, bright and enviably private. A loft-style foyer with sitting area opens via a staircase to living areas below. Enjoy vaulted and beamed ceilings, skylights, and floor-to-ceiling windows that frame ocean and beach views. Seamless in design, living and dining rooms open to an ocean-view balcony via bifold glass doors, a linear fireplace adds visual flair, and the family room features an elevator with access to lower levels. Top-tier finishes and fixtures were incorporated into the new remodel at every opportunity, including wide-plank wood flooring, high-end lighting and glass stair rails. In the kitchen, a peninsula and an island accommodate meal prep and casual dining, and a glass-enclosed wine wall, custom white Shaker cabinetry, full backsplash, built-in Sub-Zero refrigerator, two Bosch drawer microwaves, a double Wolf range, and a prep kitchen with walk-in pantry are featured. The multi-level floorplan includes four bedrooms and four full and two half baths. Two ocean-view primary suites are featured, one on each of the lower levels. One includes a versatile bonus room, and both present covered balconies with magnificent ocean and beach views, fireplaces, lavish en suite bathrooms, and custom walk-in closets. On the lowest floor, a spacious secondary bedroom hosts built-in bunkbeds. Full-width balconies at three levels erase the lines between indoor living and the ocean, and stairs descend to an intimate backyard on a homesite of nearly 9,040 square feet. Located in South Laguna, Three Arch Bay offers lighted tennis and pickleball courts, a playground, and easy access to Monarch Beach Golf Links, The Ritz-Carlton Resort, Dana Point and Laguna’s Main Beach.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2007
Lot Size
9,040 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
6 (6 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$2750.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
55%
Baths6.03.0
97%
Square foot5,0722,054
98%
Lot Size9,0406,041.5
82%
Price$29.95M$3.06M
99%
Price per sq ft$5.9K$1.6K
97%
Built year20071965
91%
HOA$2750.0$0
92%
Days on market87200
10%

Pricing History

Listed for Sale

Dec 10, 2025

$29,950,000

Initial Listing

Sold

Sep 11, 2015

$15,800,000

Public Record

Sold

Jul 12, 2013

$6,500,000

Public Record

Browse Properties by State Browse housing market trends by state