
Laguna Beach, California 92651
This Luxury Mystic Hills Estate represents a High-Potential Investment Opportunity, listed at $8,200,000—positioned well below the $9,361,130 Fair Market Value by 12%. This valuation gap offers $1,161,130 in Instant Equity for buyers. While the home maintains a Fair Condition Rating with 1991-era finishes, it boasts 180-degree panoramic ocean views, a private pool and spa, and a dedicated ADU-style suite. Situated in the Laguna Beach Unified district with 9/10 rated schools, this is a premier acquisition for Luxury Value-Add Buyers or Owner-Occupants looking to customize a coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 622 Mystic Subject | $8,200,000* List Price | 5 | 5 | 6,913 | $1,354 | - |
A 1409 Samoa Way Active | $8,495,000 List Price | 4 | 5 | 5,603 | $1,516 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was last extensively remodeled in 1991, making the interior finishes, kitchen appliances, and bathroom styles over 30 years old. While the home is well-maintained and functional, the aesthetics and systems are significantly outdated compared to current luxury standards, aligning with the 'Fair' criteria for properties renovated between 15 to 30+ years ago.
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 occupies a premier corner promontory in Mystic Hills, offering rare 180-degree whitewater ocean, coastline, and Catalina Island views from nearly every room.
With nearly 7,000 square feet of living space, the estate features a dedicated ADU-style fifth bedroom with a full galley kitchen, ideal for multigenerational living or high-end guest accommodations.
Although the home was thoughtfully remodeled in 1991, the interior aesthetics and systems may require significant modernization to meet the expectations of today's luxury buyers.
A two-car garage is relatively modest for a five-bedroom estate of this scale and price point, which may be a drawback for car enthusiasts or large households.
Introducing the Crown Jewel of Mystic Hills, a truly exceptional property cherished by the same family since 1947. Originally built around 1957 and thoughtfully remodeled in 1991, this three-level estate spans nearly 7,000 square feet on a sprawling 17,600-square-foot corner lot at Vista Lane and Mystic Way—one of Laguna Beach's most coveted spots, offering breathtaking 180-degree whitewater ocean views from nearly every room. Enter via a grand deck overlooking the central full-size pool and extra-large spa, enclosed in a private fenced oasis with a gentle coastal breeze. The main level boasts an expansive family room, living area, gourmet kitchen with separate eating nook, formal dining room, and formal living room—accented by two large fireplaces. A luxurious main-floor master suite features a walk-in closet, en suite bath with Jacuzzi tub and separate shower, its own fireplace, and direct pool access. Ascend to the upper level mezzanine with a fireplace, office area, and panoramic ocean vistas, plus a viewing deck for sunset watching. Two master-sized bedrooms await: one with a private rear deck, the other with ocean views and a fireplace. They share a Jack-and-Jill bath boasting a Jacuzzi tub, separate shower, and dual sinks. The lower level includes an extra-large bedroom with en suite bath, plus a separate ADU-like fifth bedroom with galley kitchen (stove, cooktop, dishwasher, sink, fridge) and en suite bath—ideal for guests or multigenerational living. A two-car garage and long driveway provide ample parking. Outside, enjoy a gazebo, fruit orchard, and a dramatic corner promontory pointe at the corner intersection—forming a private park-like grassy area with bench seating perfect for watching serene sunsets. With five fireplaces total, walking distance to the beach, high school, and downtown, and potential for subdivision or additional ADU, this rare gem blends history, luxury, and endless possibilities. Don't miss this unparalleled opportunity!
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-5 • 2.1 mi
Grades 6-8 • 0.8 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 | 6,913 | 2,109 | 99% |
| Lot Size | 17,545 | 6,001.5 | 94% |
| Price | $8.20M | $3.08M | 89% |
| Price per sq ft | $1.2K | $1.6K | 20% |
| Built year | 1991 | 1965 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 181 | 7% |
Mar 11, 2026
$8,200,000
Initial Listing