647 Sleepy Hollow, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath
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Laguna Beach, California 92651
This rare Oceanfront Value-Add Condominium is listed at $5,100,000, representing a stable entry point near its $5,051,030 Fair Market Value. While the property holds a Condition Rating of 4 due to its original 1979 finishes, the spacious layout offers immense potential for forced appreciation through modernization. Residents enjoy Panoramic Ocean Views, Direct Beach Access, and rare triple-car parking capacity in the heart of the village. Located within the prestigious Laguna Beach Unified district, this first-time-to-market asset balances lifestyle luxury with significant renovation upside. It is an ideal match for Luxury Renovators or Owner-Occupants looking to create a bespoke coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 647 Sleepy Hollow Subject | $5,100,000* List Price | 3 | 3 | 1,998 | $2,528 | - |
A 1585 S Coast 65 Active | $3,900,000 List Price | 3 | 2 | 1,582 | $2,465 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this oceanfront property is well-maintained but shows significant signs of age. The interior features dated Saltillo tile and beige carpeting, older wall-mounted tile accents, and a kitchen that, while functional, lacks modern luxury finishes. It meets the 'fair' criteria as an aged home that has been maintained through regular upkeep but requires comprehensive cosmetic and functional updates to meet contemporary standards.
This property offers rare direct beach access and is situated within easy walking distance to Laguna’s iconic Main Beach, the village, and renowned dining, providing an elite coastal lifestyle.
The unit features two private oceanfront decks that provide unobstructed, breathtaking views of the Pacific Ocean, Catalina Island, and the coastline, perfect for sunset viewing.
Available for the first time since its construction, this unique 3-bedroom offering includes two single-car garages plus a driveway, a significant and rare parking advantage for the area.
Built in 1979, the property may require significant interior updates and modernization to meet the aesthetic and functional standards of today's luxury buyers.
As a condominium, the property involves shared walls and potential HOA restrictions, which may offer less privacy and autonomy compared to a detached single-family oceanfront residence.
Introducing a truly unique oceanfront condominium , available for sale for the first time! This exceptional property offers direct beach access and breathtaking views of Main Beach, the coastline, Catalina Island, and stunning sunsets. 3 bedrooms, 2.5 bathrooms Two single-car garages plus a single-car driveway Spacious storage room Living room with fireplace Two oceanfront decks for enjoying the views Prime location within walking distance to Laguna's Main Beach, the village, and renowned restaurants Experience coastal living at its finest with unparalleled access to Laguna's iconic beaches and vibrant village community
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 79% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 1,998 | 1,251 | 96% |
| Lot Size | 10,507 | 13,519.5 | 46% |
| Price | $5.10M | $1.56M | 88% |
| Price per sq ft | $2.6K | $1.4K | 75% |
| Built year | 1979 | 1964 | 83% |
| HOA | $0 | $734 | 4% |
| Days on market | 9 | 203 | 4% |
Apr 13, 2026
$5,100,000
Initial Listing