989 Miramar, Laguna Beach, California 92651, Laguna Beach, 92651 - 2 bed, 3 bath
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989 Miramar
Laguna Beach, California 92651
ACTIVE UNDER CONTRACT
CONDITION: POOR
2Beds
3Baths
1,292Sq Ft
2,500Lot Size
Property Price
LIST PRICE$1,450,000
EST. MARKET VALUE
$1,470,676
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,450,000—positioned well below the $1,470,676 Fair Market Value by 1.4%. This valuation gap offers $20,676 in Instant Equity. Featuring a Fair Condition Rating, the home requires a comprehensive rehab, yet offers significant upside through the conversion of the lower level into a third bedroom. With Panoramic Ocean Views and proximity to Top-Rated Schools, this is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a value-add project.
Estimated Market Value
$1,470,676
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 |
|---|---|---|---|---|---|---|
★ 989 Miramar Subject 2 bd · 3 ba · 1,292 sqft · $1,138 | $1,450,000* List Price | 2 | 3 | 1,292 | $1,138 | - |
A 989 Miramar Street Pending 2 bd · 3 ba · 1,292 sqft · $1,235 · 0.0 mi | $1,595,000 List Price | 2 | 3 | 1,292 | $1,235 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1971 with no significant recent renovations. The property exhibits clear signs of deferred maintenance and safety/structural concerns, most notably severe water staining and potential mold on the garage ceiling. The kitchen has damaged walls and missing backsplash tiles, the bathroom features highly outdated 1970s-style fixtures, and the outdoor spa is dilapidated and empty. The home requires a comprehensive rehab.
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 Coastal Views
The property features breathtaking, sweeping ocean and coastline views from the main living areas and a scenic viewing deck, a premium feature in Laguna Beach.
- Significant Value-Add Potential
The lower level's spacious living area and wet bar offer a clear path to equity growth by easily converting the space into a third en-suite bedroom.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 1,292 square feet of living area and a modest 2,500 square foot lot, the property may feel constrained for families or those seeking more interior volume.
- Dated Structural Era
Built in 1971, the home likely requires modern updates to its systems and finishes to meet the expectations of contemporary luxury buyers in this price point.
About 989 Miramar
An incredible opportunity awaits along one of the most beautiful coastlines in the world! Located in the highly desirable Arch Beach Heights neighborhood of Laguna Beach, this 2-bedroom, 3-bathroom contemporary home offers 1,292 square feet of living space packed with sweeping potential and panoramic ocean views.Step into the main level, where cathedral ceilings and open-concept design frame breathtaking views. The living area, kitchen, and dining spaces open directly to a scenic viewing deck, making it perfect for coastal entertaining. The lower level features a spacious second living area complete with a wet bar, offering immense upside—it can easily be converted into a second primary en-suite bedroom to transform the home into a 3-bedroom, 3-bathroom layout.Outdoors, enjoy a rare, fully enclosed yard featuring a built-in outdoor kitchen, BBQ area, and private hot tub. Whether you are an investor looking for a project or a primary resident looking to secure a foothold in Laguna Beach and update over time, this property offers unparalleled value.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1971
- Lot Size
- 2,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 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 • 1.2 mi
9/10
El Morro Elementary School
Grades K-5 • 3.5 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 | 2.0 | 3.5 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,292 | 2,265.258 |
| Lot Size | 2,500 | 6,028.677 |
| Price | $1.45M | $3.56M |
| Price per sq ft | $1.1K | $1.7K |
| Built year | 1971 | 1971 |
| HOA | $0 | $3.7K |
| Days on market | 34 | 74 |
Pricing History
Listed for Sale
Sep 21, 2026
$1,450,000
Initial Listing
Sold
Mar 19, 1999
$410,000
Public Record
Sold
Jan 30, 1998
$95,500
Public Record