Laguna Beach Real Estate News and Information

The definition of a luxury home varies considerably in the eyes of the beholder, especially in a city such as Laguna Beach we offers many beachfront and ocean view properties.  One persons luxury home may be a small home with a spectacular Ocean view, but the same property may be considered a small cottage to another person. Therefore, we define a luxury home in Laguna Beach to be any single family home priced higher then $2 Million.  This may seem like an arbitrary definition, but price usually encompasses all of the desirable (and undesirable) features of a property.

Currently there are 174 detached homes priced less then $2Million in Laguna Beach, and there are 180 homes priced higher then $2 Million.  Of these 180 luxury homes for sale in Laguna Beach, the Median priced home is $3,250,000, and comprises of 3 bedrooms, 4 baths, and comprises of 2,690 square feet and boasts of Ocean and Catalina Island views.  The Average priced home is $5,437,854 with an average size of 2,814 square feet, resulting in average price per square foot of $1,346/SqFt.  The most expensive luxury home currently for sale in Laguna Beach is a 3 bedroom, 3 bath oceanfront estate on Circle Dr, that boasts of panoramic ocean views. 

To view all luxury homes currently listed for sale, click on the link above.  This display will show all details of these fine estates currently listed for sale, including multiple photos, asking price, bedrooms, baths, detailed property descriptions, maps, arial views and more.  To view any of these fine estates for sale, feel free to call us at: 949-388-3396 or email us at:  Info@OCRealtyGroup.com 

We are featuring a spacious Duplex home located in North Laguna Beach and just 1 block from the beaches, located on Beverly Street, priced in the mid $1 Million dollar price range.  This property is perfect for the a home owner who wants to live in one unit and rent out the other.  The front unit consists of a 2 bedroom, 2 bath unit consisting of 1,100 square feet and attached 2 car garage. This home boasts of an Ocean View from the garden room, and has hardwood floors. This unit does not have a connecting living area wall with the back unit which offers the maximum in sound insulation and privacy.

The upper-level rear unit consists of 2 bedrooms, 1 bath, 1,000 square feet.and a 1 car garage.  This home also offers an Ocean view, hardwood floors and enclosed deck.  This is an excellent property for a property owner who wants to live in one unit and rent out the other.  The total square footage of the improvements is 2,106 square feet built in 1958.  This duplex home is situated on a 4,500 square foot lot. 

This upper unit is projected to rent for approximately $2,300 per month.  The front 2 bedroom, 2 bath unit is projected to rent for $3,100 per month.  The electricity and gas are individually metered, and has been well maintained. 

This Laguna Beach gem is just one block from the ocean front and Heisler Park, and jsut down the street from Boat Canyon shopping center.  Laguna Beach is known for it's steep cliffs overlooking the crashing waves of the pacific, water-etched coves, and deep canyons.  North Laguna Beach was first developed in 1905 by Howard Heiseler and others. Laguna Beach has a population of approximately 25,000 residents. There are currently 240 detached homes for sale in all of Laguna Beach.  The median priced detached home  is $2,250,00, and the average price is $3,426,907.  In North Laguna Beach the median priced detached home is $2,850,000 and the average priced home in this area is $4,874,219. 

For current pricing, or for a private viewing of the Duplex home for sale on Beverley Street, please call us at:  949-388-3396, or Text Message us at:  949-283-4679.  To view all homes for sale in Laguna Beach, visit our website at:  Laguna Beach Real Estate
  

Laguna Beach CA. offers some of the most desirable estate properties in the country... and no wonder given the spectacular ocean views, pristine beaches and near perfect weather that one finds in Laguna Beach. 

New homes for sale are hard to come by, for there if very little buildable land remaining, and the building department of Laguna Beach is very demanding regarding permits.  Currently there are only 12 homes for sale ranging in price from $1,085,000 to up to $38 Million.  Below is a list of all homes for sale that were built in the years 2006' or 2007' as follows:

Address	Area/Tract	Bdrms	Baths	# Gar	SqFt	Price
355 Pearl St	Laguna Village	2	1.5	1	853	$1,085,000
1275 Cerritos	The Village	4	3.5	2	3,000	$1,850,000
988 Acapulco St	Arch Beach Heights	3	3.5	2 D	3,000	$2,150,000
756 Bluebird Canyon Dr	Woods Cove	4	3.5	2	2,650	$2,425,000
2800 Terry Rd	Laguna Village	3	3.5	4 A	2,331	$2,695,000
2938 Rounsevel Ter	Upper Victoria Beach	3	3.5	2 A	2,600	$2,995,000
2626 Victoria Dr	Victoria Beach	3	3.5	2 A	2,690	$3,500,000
591 Balboa	Laguna Village	4	4.5	2 A	?	$4,950,000
1360 Moorea Way	Mystic Hills	5	6.5	4 A	7,947	$6,900,000
11 Camel Pt	South Laguna	3	3.5	2 A	?	$9,500,000
31897 Circle Dr	South Laguna	4	4	2 A	2,559	$12,000,000
171 Emerald Bay	Emerald Bay	6	6.5	10 A	11,961	$38,000,000

Due to the hillside topography and beach close location, many of the above new homes offer panoramic ocean and catalina island views.

The homes on Emerald Bay, Circle Dr, Camel Pl., and Victoria Dr. are still under construction and are scheduled to be completed this year or in 2008'.  The estate property on Emerald Bay for $38 Million, is a 4 Story home, with each level offer a breath taking ocean view.  Per the seller, this is one of the most remarkable oceanfront properties in the world.   It boasts of 11,961 square feet of living area and a 10 car garage.  The property on Circle Drive offers unmatched coastline views and easy beach access.  The Camel Pl. estate is located in Camel Point and is situated on it's own private bluff.  The Victoria Dr. home features 3 levels with ocean and coastline views.

The little Cottage on Pearl St. is a rare find at just $1,085,000.  It is situated on a smaller 3,750 square foot lot and only offers a small peek-a-boo view, but is in a very desirable down town location.  None of the above new homes have association dues except for the Emerald Bay property.  Also, there is no Mello-Roos tax in Laguna Beach. 

If you would like to view all home for sale in Laguna Beach, please visit our website at: Laguna Beach Homes for Sale.  If you would like additional information about these new homes for sale, of if you would like to see the inside of any home listed for sale in Laguna Beach, please feel free to contact us at:  949-388-3396 or email us at:  Info@SearchOCHomes.com

Laguna Beach, CA. offers some of the most spectacular Ocean View properties in all of southern California.  The city slopes slightly in from the beach, and then ascends into hills and local mountain tops, thus providing many home-sites with majestic ocean  and coastline views. The beaches in Laguna are some of the most scenic in southern California due to the many white sandy beach coves, rock jetty's, crashing waves and steep cliffs. Due to the hilly terrain and some landslides over the years, the Laguna Beach building codes makes home construction very challenging and expensive.  Permit costs, construction costs and land costs all add up to some of the most expensive real estate in the Nation. 

Relatively more affordable detached homes priced less then $2 Million that offer sweeping ocean views can be acquired in Arch Beach Heights, Summit Ridge, Top of the World, Temple Hills and even in Upper Victoria Beach areas to name a few.  These homes range in price from $1,250,000 for a 4 bedroom, 2 bath (actually 2 cottages on one lot), on a 4,770 square foot lot on Top of the World Drive.  The ocean views from this property are marginal but do exist.   A smaller home in Temple Hills with unobstructed whitewater view of Main Beach currently has an asking price of  $1,799,000 .  The home has 2 bedrooms. 1.5 baths, 2 car garage  with 1,392 square feet of living area and many fine upgrades.... and a killer ocean view.  These homes range in age from 1929 to 1997 and everything in between.  Some of the older and smaller homes with nice ocean views are basically priced for their land value.

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The real estate market here in Laguna Beach, CA. has slowed down as compared to a year ago but prices have remained reasonably stable.  In the past 3 months, there we 56 detached homes that have sold and closed escrow.  The lowest priced detached home the sold was a 2 bedroom, 1 bath, 910 square foot home built in 1915 that sold for $872,000.  This property is locate in Laguna Village and basically sold for its land value for the house was essentially worthless.  The highest priced sale in the past 30 days was a property consisting of a main 3 bedroom, 3 bath home, with two units behind the main house.  The property boasted of a sweeping panoramic ocean  and Catalina Island view, and was located in the Victoria Beach community of Laguna Village.  The median priced home was $1,825,000 and the average price of these 56 sold homes was  $2,345,850.  The average days on market was 89 days and the average cost per square foot was $658. 

Comparing this to the same 90 day period one year ago we find that there were 63 detached homes sold in Laguna Beach.  The least expensive sold for $605,000 and was a 3 bedroom, 2.5 bath, 1,289 square foot home located in Canyon Hills which is about 5 miles from the coast and adjacent to Aliso Viejo.  The most expensive property sold in Laguna Beach 1 year age during this 90 day period was a 4 bedroom, 4.5 bath, 6,300 square foot estate located on Coast Hwy in South Laguna.  The sales price was $8.8 Million and this property boasted of panoramic ocean views.  The median price 1 year ago was $1,625,000 and the average price was $1,931,942.  The average price per square foot was $827 and the average days on market was 86 days.  The median price increase by about 12% and the average price by about 20%, the median being the more accurate analysis.  Although the price price square foot has dropped by 25% which is indicative of buyers buying larger homes in the past year and prices dropping somewhat.

Currently, there are 46 detached single family residences currently under contract in escrow in Laguna Beach.  The least expensive home is a 1 bedroom, 1 bath, 536 square foot cottage built in 1935 located on Solana Way in Laguna Village, with an asking price of $849,900 which is essentially the land value.  The highest priced home in escrow is a 3 bedroom, 3 bath, 2,646 square foot estate for $8.9 Million and incorporates a sweeping ocean view.  The median price of these homes in escrow is $1,649,000. 

On this day, there are 180 homes for sale ranging in price from a low of $725,000 for a 3 bedroom, 2.5 bath, 1,664 square foot home in the California Cove tract in Laguna Canyon.  The highest priced  home currently for sale is a 6 bedroom, 6.5 bath, 11,961 square foot  luxury ocean front estate currently under construction. This fine property is located in the Emerald Bay community in North Laguna and is range priced from $18.9 to $33.9 Million. The seller/builder remarks that this property will one of the most remarkable oceanfront properties in the world.  The median priced home for sale is $2,295,000 and the average priced home is $3,950,000.  The average asking price per square foot is $1,142 and the average days on market are 102 days.

To view all home for sale visit our website at:  Laguna Beach MLS.  If you would like a private viewing of any of these fine luxury homes for sale in Laguna Beach, feel free to contact us at:  949-388-3396 or email us at:  Info@SearchOCHomes.com