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723 Balboa Avenue, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 4 bath

723 Balboa Avenue, Laguna Beach, California 92651 home-pic-0
ACTIVE$5,250,000
723 Balboa Avenue, Laguna Beach, California 92651
4Beds
4Baths
4,030Sqft
6,400Lot

Price Vs. Estimate

The estimated value ($3,938,325.22) is $1,311,674.78 (24%) lower than the list price ($5,250,000). This property may be overpriced.

Key pros and cons

Top Pros:
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).
Top Cons:
Significant Overpricing: The listing price of $5.25 million is 24% above the estimated property value of approximately $3.94 million, suggesting it may be significantly overpriced compared to market comparables.

Compared to the nearby listings

Price:$5.25M vs avg $3.12M (+$2,125,000)80%
Size:4,030 sqft vs avg 2,018 sqft92%
Price/sqft:$1.3K vs avg $1.6K35%

More Insights

Built in 1981 (44 years old).
Condition: This property is described as a 'newly renovated exquisite masterpiece' with 'top-of-the-line appliances' and 'luxurious bathrooms' throughout. The images confirm a very recent, high-quality renovation with modern aesthetics, including new light wood flooring, contemporary light fixtures, integrated high-end kitchen appliances (panel-ready refrigerator, professional range), stylish black and white geometric backsplash, and sleek bathroom finishes. The presence of an ADU with its own new kitchen and bathroom further supports the extensive renovation. Although the original build year is 1981, the description explicitly states it's 'newly renovated' and the visuals show all components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for extensive renovation within 5 years.
Year Built
1981
Close
-
List price
$5.25M
Original List price
$5.25M
Price/Sqft
$1,303
HOA
-
Days on market
-
Sold On
-
MLS number
NP24249138
Home ConditionExcellent
Features
Excellent View: City Lights, Ocean
Deck
ViewCity Lights,Ocean

About this home

Welcome to 723 Balboa Ave, an exquisite masterpiece where luxury meets coastal living in perfect harmony. This newly renovated 4000+ square foot residence is a testament to sophistication and elegance, offering unparalleled views of the shimmering ocean from every level. Step into a world of refined opulence, where no detail has been overlooked. From the meticulously landscaped grounds to the top-of-the-line appliances adorning the kitchen, every aspect of this home exudes luxury and grandeur. In the main house, discover a sanctuary in each bedroom, where every room is accompanied by its own luxurious bathroom and panoramic ocean view, offering unparalleled comfort and tranquility. Indulge in the ultimate in convenience and privacy with the optional Accessory Dwelling Unit (ADU), boasting its own kitchen, bedroom. laundry room with a washer/dryer set, and en-suite bathroom. With separate entrances, the ADU provides versatility, whether for guests, extended family, or as a rental opportunity. Elevate your lifestyle with modern amenities such as dual washer/dryer sets and gourmet appliances, ensuring every moment spent in this home is one of comfort and indulgence. Situated in a prime location near fine dining and entertainment, 723 Balboa Ave offers more than just a home – it offers a lifestyle. Don't miss your chance to experience the pinnacle of coastal living. Schedule your exclusive tour today and discover the unparalleled luxury awaiting you at 723 Balboa Ave.

Nearby schools

9/10
Top Of The World Elementary School
Public,•K-5•1.5mi
9/10
El Morro Elementary School
Public,•K-5•3.9mi
9/10
Thurston Middle School
Public,•6-8•1.8mi
9/10
Laguna Beach High School
Public,•9-12•1.8mi
Condition Rating
Excellent
This property is described as a 'newly renovated exquisite masterpiece' with 'top-of-the-line appliances' and 'luxurious bathrooms' throughout. The images confirm a very recent, high-quality renovation with modern aesthetics, including new light wood flooring, contemporary light fixtures, integrated high-end kitchen appliances (panel-ready refrigerator, professional range), stylish black and white geometric backsplash, and sleek bathroom finishes. The presence of an ADU with its own new kitchen and bathroom further supports the extensive renovation. Although the original build year is 1981, the description explicitly states it's 'newly renovated' and the visuals show all components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for extensive renovation within 5 years.
Pros & Cons

Pros

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).
Unparalleled Ocean Views: The property boasts 'unparalleled views of the shimmering ocean from every level' and 'panoramic ocean view' from every bedroom, significantly enhancing its luxury appeal and value.
Extensive Recent Renovation: Described as a 'newly renovated exquisite masterpiece,' indicating high-quality updates and modern aesthetics throughout the 4000+ sqft residence.
Versatile Accessory Dwelling Unit (ADU): Includes an optional ADU with its own kitchen, bedroom, bathroom, and separate entrance, offering flexibility for guests, extended family, or potential rental income.
High-End Finishes & Amenities: Features 'meticulously landscaped grounds,' 'top-of-the-line appliances,' 'gourmet appliances,' and 'luxurious bathrooms' in every room, reflecting a commitment to opulence.
Prime Coastal Location: Situated in a highly desirable Laguna Beach location 'near fine dining and entertainment,' offering a premium lifestyle and strong market appeal.

Cons

Significant Overpricing: The listing price of $5.25 million is 24% above the estimated property value of approximately $3.94 million, suggesting it may be significantly overpriced compared to market comparables.
Potential Lack of Modern HVAC/Energy Systems: The description highlights luxury finishes but does not explicitly mention central air conditioning, smart home technology, or solar panels, which are common in comparable high-end renovated properties and could be a drawback for buyers expecting comprehensive modern systems, especially given the 1981 build year.
Older Base Construction: Despite being 'newly renovated,' the property's original construction year of 1981 might imply older underlying infrastructure or a layout that, while updated, may not fully align with the most contemporary architectural designs or energy efficiencies of newer luxury homes.

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