988 Acapulco, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 4 bath
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988 Acapulco
Laguna Beach, California 92651
ACTIVE
CONDITION: FAIR
4Beds
4Baths
3,115Sq Ft
4,896Lot Size
Property Price
LIST PRICE$3,499,999
EST. MARKET VALUE
$3,648,431
4% BelowMARKET VALUE
SUMMARY
This Contemporary Ocean-View Residence represents a Strong Value Opportunity, listed at $3,499,999—positioned well below the $3,648,431 Fair Market Value by 4%. This valuation gap offers $148,432 in Instant Equity. Featuring a private elevator, panoramic ocean views, and a jacuzzi, the home offers a sophisticated lifestyle within the Laguna Beach Unified School District (all schools rated 9/10). With a Fair Condition Rating, this property is an ideal acquisition for Owner-Occupants or Long-term Investors seeking a high-potential coastal asset.
Estimated Market Value
$3,648,431+$148,432 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Laguna Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 988 Acapulco Subject | $3,499,999* List Price | 4 | 4 | 3,115 | $1,171 | - |
A 2100 Crestview Drive Sold | $3,700,000 | 3 | 3 | 2,926 | $1,265 | 0.5 mi |
B 461 Alta Vista Way Sold | $3,730,000 | 3 | 4 | 2,736 | $1,363 | 0.5 mi |
C 725 Balboa Avenue Sold | $4,300,000 | 4 | 3 | 3,316 | $1,297 | 0.3 mi |
D 599 Alta Vista Way Sold | $2,735,000 | 3 | 3 | 2,100 | $1,302 | 0.4 mi |
E 758 Barracuda Way Active | $2,895,000 List Price | 4 | 3 | 2,357 | $1,228 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2003, the property is 23 years old as of the 2026 listing date, placing it in the 'Fair' category (>20 years). While the contemporary architecture and hardwood floors are high-quality, the kitchen, bathrooms, and mechanical systems (HVAC/Electric) are likely original and dated. Furthermore, the listing disclaimer states photos are from 2019, suggesting the current condition may require minor repairs or cosmetic updates to meet modern luxury standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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).
- Panoramic Ocean Views
The property offers breathtaking, unobstructed views of the Pacific Ocean and Catalina Island, a premier feature that significantly enhances its market value in North Laguna.
- Modern Accessibility
Built in 2003, this contemporary multi-level home includes a private elevator, providing rare and convenient access between floors that is highly desirable for long-term residency.
CONSRISKS & DEFICIENCIES
- Outdated Marketing Materials
The listing relies on photos from 2019, creating significant uncertainty regarding the home's current physical condition, finishes, and landscaping.
- Limited Outdoor Space
With a lot size of just 4,896 square feet for a large 3,115 square foot home, the property offers minimal yard space, which may limit options for outdoor recreation or gardening.
About 988 Acapulco
Enjoy breathtaking panoramic views of the Pacific Ocean and Catalina Island from this stunning and spacious four-bedroom contemporary residence. Designed to embrace both style and comfort, this multi-level home showcases distinctive architectural details, beautiful hardwood flooring, natural stone accents, and strategically placed skylights that fill the interiors with abundant natural light. The thoughtfully designed floor plan offers an exceptional selection of amenities, including a private elevator for effortless access between levels, a covered outdoor patio with a relaxing jacuzzi, a dedicated office, gourmet kitchen, walk-in pantry, and an inviting living room complete with a cozy fireplace. Each space is designed to provide comfort while taking full advantage of the home’s impressive surroundings. Step outside and enjoy the ideal Southern California lifestyle, with opportunities for outdoor entertaining, relaxing, and taking in spectacular ocean and island views. The home’s desirable location places you close to Laguna Beach’s renowned beaches, charming village atmosphere, dining, shopping, art galleries, and other attractions that make the area so sought after. With its combination of panoramic views, sophisticated contemporary design, generous living spaces, and an array of desirable amenities, this architectural masterpiece offers a rare opportunity to experience the best of Laguna Beach living. Please note: Photos were taken in 2019 and may not reflect the home’s current condition, furnishings, finishes, or landscaping.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 4,896 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Laguna Beach Unified Schools
Top Of The World Elementary School
Grades K-5 • 1.1 mi
9/10
El Morro Elementary School
Grades K-5 • 3.7 mi
9/10
Thurston Middle School
Grades 6-8 • 1.4 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,115 | 2,244.917 |
| Lot Size | 4,896 | 6,150.208 |
| Price | $3.50M | $3.48M |
| Price per sq ft | $1.1K | $1.7K |
| Built year | 2003 | 1973 |
| HOA | $0 | $4.6K |
| Days on market | 6 | 73 |
Pricing History
Listed for Sale
Sep 3, 2026
$3,499,999
Initial Listing
Sold
Aug 28, 2020
$1,959,000
Public Record
Sold
May 9, 2016
$2,050,000
Public Record
Sold
Jul 17, 2007
$1,900,000
Public Record
Sold
Aug 29, 2003
$426,000
Public Record