
Laguna Beach, California 92651
This iconic Single Family Residence represents a High-Potential Investment Opportunity, listed at $5,895,000—positioned well below the $5,768,345 Fair Market Value by -2%. While the property requires modernization, its Fair Condition Rating and unique circular architecture offer a rare canvas for value-add renovations. Featuring unobstructed panoramic ocean views and a permitted guest suite, the home provides significant upside in a top-tier district with 9/10 rated schools. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a landmark Laguna Beach property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 664 Mystic View Subject | $5,895,000* List Price | 4 | 4 | 3,440 | $1,677 | - |
A 1704 Thurston Drive Sold | $4,200,000 | 2 | 2 | 2,202 | $1,907 | 0.6 mi |
B 499 Legion Active | $4,249,000 List Price | 4 | 3 | 2,335 | $1,820 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this 40-year-old property is well-maintained but remains largely in its original state. While the architecture is iconic and the structure is sound, the interior finishes—specifically the 1980s-style bathroom tile and terracotta flooring—are dated. It fits the 'Fair' criteria as it is >20 years old and requires cosmetic updates to the kitchen and baths to meet modern luxury standards.
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 is strategically sited in Mystic Hills to offer breathtaking, front-row views of the Pacific Ocean, Catalina Island, and the Laguna Beach coastline without any rooflines obstructing the vista.
Built to exacting standards under the supervision of a geophysicist, this home famously survived the 1993 fire, demonstrating exceptional resilience and high-quality engineering.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3440, other record living area = 2968. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 1.
The home's unique circular design and 'colorful personality' represent a specific aesthetic that may not appeal to all luxury buyers, potentially narrowing the market interest.
Constructed in 1984 and offered for the first time, the property likely requires modernization of its original finishes and systems to align with current high-end market expectations.
A distinctive landmark on Laguna’s hillside landscape for decades, this iconic property provides a front row seat to watch the city’s downtown, coastal and artistic happenings enfold. Never offered for sale before, the home features a timeless design of circles and captivating views. With no roofs to look over, the house was carefully sited on the spacious lot to build a large structure while maintaining sizeable open areas for decks, gardens, and terraces for fruit trees. Originally designed by Sigler-Zane Architectural Associates, engineering by Siavash Bahador, one of the owners was a renowned geophysicist who oversaw every detail of construction. Built to last, this home survived the big 1993 fire that destroyed many neighboring homes. A later permitted expansion of the lower third level with design by architect Kirk Saunders added guest quarters that could potentially be an income generator. The top level includes a foyer entry, living room, primary bedroom with ensuite bath, half bath, dining area, gourmet kitchen and loft/office area above the kitchen leading to an open-air deck. The second level offers many flex-use rooms with 2-3 bedrooms possible, exercise area, library room with walls of glass door shelving and huge storage rooms that hold laundry and mechanical appliances. If hypnotic views and a colorful personality suit you, this home may be one you will want to make your own!
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 2.0 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,440 | 2,351 |
| Lot Size | 8,250 | 6,231 |
| Price | $5.89M | $3.25M |
| Price per sq ft | $1.7K | $1.7K |
| Built year | 1984 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 17 | 71 |
Jul 5, 2026
$5,895,000
Initial Listing