590 Diamond Street, Laguna Beach, California 92651, Laguna Beach, 92651 - 5 bed, 5 bath
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Laguna Beach, California 92651
This Architectural Coastal Residence is a Prime Investment Opportunity listed at $5,200,000—positioned below the $5,389,238 Fair Market Value by 3%. This valuation gap offers $189,238 in Instant Equity. Featuring a Move-in Ready Condition with a high-end kitchen renovation, the property captures panoramic ocean views and sits within the elite Laguna Beach Unified District with 9/10 rated schools across all levels. With rare five-car parking and a Lamont Langworthy design, this is a premier choice for Luxury Home Seekers or Discerning Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 590 Diamond Street Subject | $4,975,000* List Price | 5 | 5 | 3,074 | $1,692 | - |
A 360 Diamond Sold | $3,950,000 | 4 | 3 | 2,400 | $1,646 | 0.2 mi |
B 1015 Madison Place Sold | $4,800,000 | 4 | 4 | 2,897 | $1,657 | 0.6 mi |
C 905 Canyon View Sold | $6,200,000 | 4 | 5 | 3,588 | $1,728 | 0.7 mi |
D 704 Nyes Place Sold | $4,700,000 | 4 | 4 | 3,639 | $1,292 | 0.8 mi |
E 791 Nyes Place Sold | $6,100,000 | 4 | 4 | 3,264 | $1,869 | 0.9 mi |
F 2100 Crestview Drive Active | $4,995,000 List Price | 3 | 3 | 2,926 | $1,707 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features a high-quality, modern kitchen renovation with navy cabinetry, stone countertops, and premium stainless steel appliances. While the home was built in 1964 and some areas—specifically the bathrooms—exhibit older tile styles and cabinetry, the main living areas have been updated with contemporary hardwood flooring, recessed lighting, and fresh paint, making it well-maintained and functional.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Situated in the highly coveted Woods Cove neighborhood, this rare offering is on the market for the first time in 49 years, providing a unique opportunity in a supply-constrained area.
The property features panoramic ocean and Catalina Island sunset views from an expansive deck, private balconies, and a large yard with a gazebo, epitomizing the Southern California lifestyle.
Having been held by the same owner for nearly five decades and built in 1964, the home likely requires significant capital investment to update its systems and finishes to contemporary luxury standards.
With the primary suite on the top floor and a bonus room downstairs, the vertical layout may be less desirable for buyers seeking accessibility or a more integrated single-level living experience.
First time on the market for sale in 49 years, this rare Woods Cove residence offers a unique opportunity to own a piece of coastal Laguna Beach history. Located in one of the community’s most beloved neighborhoods in Laguna Beach, this 5-bedroom, 4.5-bathroom home captures ocean views, Catalina Island sunsets, and the relaxed elegance of Southern California coastal living. Originally designed in the 1960s by renowned architect Lamont Langworthy, the home blends timeless Laguna character with spacious interiors designed to capture natural light and coastal breezes. The open-concept kitchen and living area create a welcoming gathering space, with French doors opening to outdoor areas that invite seamless indoor-outdoor living. The expansive ocean-view deck is ideal for entertaining while enjoying panoramic views and unforgettable Catalina sunsets. Several bedrooms feature charming private balconies, perfect for morning coffee or evening relaxation with ocean air drifting through the home. The primary suite occupies the top floor and serves as a peaceful retreat with sweeping ocean views and a cozy fireplace sitting area. Downstairs, a large bonus room with fireplace located near the guest bedrooms provides additional space for entertaining, a media room, or guest lounge. Outdoor living continues with a generous yard and charming gazebo—an inviting setting for gatherings, gardening, or simply enjoying Laguna’s year-round coastal climate. Parking is exceptional for this location with a two-car garage plus driveway parking for three additional vehicles. Located within the highly regarded Laguna Beach Unified School District—known for its outstanding academics and celebrated arts programs—the home also enjoys close proximity to beaches, scenic coves, local restaurants, galleries, and the vibrant Laguna village lifestyle. Properties in Woods Cove rarely become available, making this a truly special opportunity to experience the best of Laguna Beach coastal living.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades K-5 • 3.2 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 5.0 | 3.0 | 84% |
| Square foot | 3,074 | 2,111 | 80% |
| Lot Size | 8,240 | 6,003 | 77% |
| Price | $4.97M | $3.10M | 81% |
| Price per sq ft | $1.6K | $1.6K | 53% |
| Built year | 1964 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 180 | 7% |
Apr 16, 2026
$4,975,000
$5,200,000
-4% Price Drop
Initial Listing
Mar 9, 2026
$5,200,000
Initial Listing