49 Lagunita Drive, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 5 bath

49 Lagunita Drive, Laguna Beach, California 92651 home-pic-0

49 Lagunita Drive

Laguna Beach, California 92651

ACTIVE
CONDITION: GOOD
4Beds
5Baths
3,726Sq Ft
10,500Lot Size

Property Price

LIST PRICE$13,950,000
EST. MARKET VALUE
$14,451,630
3% BelowMARKET VALUE

SUMMARY

Analysis of 49 Lagunita Drive, Laguna Beach, California 92651 reveals a Prime Investment Opportunity with a current list price of $13,950,000—significantly undercutting the $14,451,630 Fair Market Value by 3%. This valuation gap indicates a +$501,630 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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

$14,451,630 +$501,630 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
49 Lagunita Drive
Subject
$13,950,000*
List Price
453,726$3,879-
A
630 Diamond Street
Active
$11,995,000
List Price
343,665$3,2730.8 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is in move-in ready condition and appears exceptionally well-maintained. Although built in 1999, the home features high-end architectural details such as French limestone flooring, voluminous ceilings, and premium kitchen appliances. While the cabinetry and fixtures reflect the original construction era rather than a modern renovation, the lack of deferred maintenance and the high quality of the original materials align with the 'good' condition criteria for a 25-year-old luxury estate.

PROSSTRENGTHS & OPPORTUNITIES

  • 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).

  • Prime Coastal Location

    Situated in the exclusive gated enclave of Lagunita on a commanding 10,500-square-foot corner lot just one row back from the sand, offering rare private beach access.

  • Exceptional Panoramic Views

    The residence is expertly designed to frame unobstructed vistas of the Pacific Ocean, whitewater, and Catalina Island, maximizing the visual appeal of its coastal setting.

CONSRISKS & DEFICIENCIES

  • High Price Per Square Foot

    At nearly $14 million for 3,726 square feet, the property carries a significant price premium that may be difficult to justify for a non-direct oceanfront home.

  • Dated Construction Era

    Built in 1999, the estate may require substantial capital investment for cosmetic or mechanical updates to compete with the ultra-modern new constructions in the area.

About 49 Lagunita Drive

Located in the exclusive gated enclave of Lagunita, this striking soft-modern estate offers a blend of coastal sophistication and serene privacy. Positioned on a commanding ~10,500 square foot corner lot just one row back from the sand, the residence spans approximately 3,726 square feet of light-filled space designed to frame panoramic views of the Pacific Ocean, whitewater, and Catalina Island. The heart of the home is a voluminous great room with high ceilings and clean architectural lines, seamlessly transitioning to the ocean-facing upper deck via Italian doors. The adjoining kitchen offers breathtaking vistas and premium appliances. The thoughtful floor plan prioritizes ease of living with the primary suite situated on the main level, featuring floor-to-ceiling glass and a balcony to capture the morning sea breeze. A versatile den with access to the outside serves as an ideal home office or offers an opportunity for a fifth bedroom conversion. French limestone transitions from the main section to a private rear patio, where a tranquil water feature creates a peaceful sanctuary for alfresco dining and relaxation. A dedicated lower guest level offers three additional well-appointed bedrooms. Residing in Lagunita provides the quintessential Southern California lifestyle, including beach access to one of South Laguna’s most pristine stretches of sand. With its significant 10,500-square-foot lot and proximity to world-class dining and galleries, this property represents a premier opportunity for the discerning buyer seeking the quintessential Laguna Beach experience.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1999
Lot Size
10,500 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$950.0 / Month

Neighborhood Insights

Laguna Beach Unified Schools

El Morro Elementary School

Grades K-5 • 3.9 mi

9/10

Thurston Middle School

Grades 6-8 • 2.0 mi

9/10

Laguna Beach High School

Grades 9-12 • 1.8 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
55%
Baths5.03.0
81%
Square foot3,7262,054
91%
Lot Size10,5006,041.5
88%
Price$13.95M$3.06M
97%
Price per sq ft$3.7K$1.6K
96%
Built year19991965
84%
HOA$950.0$0
91%
Days on market8200
2%

Pricing History

Listed for Sale

Feb 27, 2026

$13,950,000

Initial Listing

Sold

May 6, 1998

$975,000

Public Record

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