From the category archives:

Laguna Beach Real Estate

Laguna Beach Homes and Condos report.

by vbindi on January 26, 2012

This report is for Active for Sale and Sold statistics for homes and condos in Laguna Beach . This article is generated by the realtor professionals at eVantage Real Estate here in Orange County, CA. Today, there are 201 detached homes for sale, which have a median price of $2,175,000 with an average price per square foot of $1,080 . These homes are priced from a low of $375,000 for a 2 bedroom, 2 bath, 1,037 square foot home situated in the subdivision tract called California Cove . On up to a maximum price of $35,000,000 for a fine home boasting of 3 bedrooms, 4 baths, with – square feet of living area, which is located in the Emerald Bay Tract.

For properties currently under contract in Laguna Beach there are 50 detached homes in escrow, with a median value of $1,075,000 . These detached homes range in price from a low of $399,000 for a 1 bedroom, 1 bath, 796 square foot property located in the Custom Tract. On up to a maximum price of $7,495,000 for a fine property incorporating 5 bedrooms, 4 baths, with an expansive 4,000 square feet of living area, located in the Custom Tract.

In the past 3 months, there were 74 detached homes that have sold and closed escrow in Laguna Beach . These sold homes had a median price of $1,195,000 with an average price per square foot of $698 . These sold and closed homes range in price from a low of $360,000 for a detached home comprised of 2 bedrooms, and 2 bath, with 736 square feet, and is located in the Other Subdivision. And a maximum price of $7,362,000 for an estate property comprising of 5 bedrooms, 7 baths, and a spacious 5,000 square feet located in the Three Arch Bay Tract.

If you have any questions regarding homes or condominiums for sale in Laguna Beach , please feel free to contact us at: (949) 388-3396, or email us at: Info@eVantageRE.com . Click the following hyper-link if you would like to view all homes for sale in Laguna Beach .

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1184 Miramar Street, Laguna Beach, CA

by vbindi on August 24, 2010


Price: $698,000
Style: Bungalow, Salt Box
Bed: 2  Bath: 2
Stories: Three or more levels
Year built 1963
View of Catalina Island, City Lights, Coastline, Ocean, Panoramic vista
ASqFt 1,020
ALotSize 2,500
Parking: Concrete Driveway, Single Door Attached Garage

 


For more information on this property, click here.
Contact Nick Roshdieh today if you are interested in this property!

-Nick Roshdieh
eVantage Real Estate

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Laguna Beach Homes and Condos market report.

by vbindi on February 24, 2010

This Laguna Beach market report is for Active for Sale, and Sold homes and condos for residential properties.   This report is brought to you by the professional realtors at eVantage Real Estate in Orange County, CA.   After reviewing the below report, if you would like to view all homes for sale in Laguna Beach, just click on this link.

Today, there are 278 detached single family homes for sale, with a median price of $2,595,000 and an average price per square foot of $1,130 . These homes are priced from a low of $450,000 for a 2 bedroom, 2 bath, 1,190 square foot home located in the Laguna Terrace Park neighborhood. On up to a maximum price of $35,000,000 for a fine home incorporating 3 bedrooms, 3 baths, which is located in the South Laguna Bluffs area.

For attached condos, there are currently 53 condos active for sale in Laguna Beach . The median price of these condos is $1,050,000 and the average price per square foot is $982 . These listed condos range in price from a low of $360,000 for a unit comprising of 2 bedroom, 3 bath, 1,353 square foot, that is situated in the Terraces Laguna Beach community. Up to a maximum price of $4,899,000 for a roomy condo consisting of 2 bedrooms, 2 baths, with 1,902 square feet found in the Laguna Royale community.

For properties currently under contract in Laguna Beach there are 54 detached homes in escrow, and the median price is $1,265,000 . These detached homes range in price from a low of $450,000 for a 3 bedroom, 2 bath, 998 square foot property located in the The Village community. On up to a maximum price of $8,995,000 for a fine property comprising of 4 bedrooms, 4 baths, and incorporates an expansive 5,815 square feet of living area, located in the Three Arch Bay Tract.

For condos, there are 5 units now in escrow in Laguna Beach , with a median price of $895,000 . These pending units range in price from $379,000 for a 1 bedroom, 1 bath, 746 square foot condominium, located in the Laguna Village area. On up to a maximum price of $1,495,000 for a fine condo consisting of 3 bedrooms, and 2 baths, with 1,589 square feet, found in the Laguna Royale neighborhood.

In the past 90 days, there have been 63 detached homes that have sold and closed escrow in Laguna Beach . These sold homes had a median price of $1,570,000 with an average price per square foot of $726 . These closed homes range in price from a low of $450,500 for a detached home comprised of 1 bedrooms, and 1 bath, with 500 square feet, and is located in the South Laguna area.  And a maximum price of $7,995,000 for an estate property comprising of 6 bedrooms, 7 baths, and a spacious 6,000 square feet located in the Emerald Bay Tract.

For the past 3 months, there have been 12 attached condominiums that have sold and closed escrow in Laguna Beach , California. The median price of these attached units was $785,000 and the average price per square foot was $605 . These sold condominiums ranged in price from a low of $350,900 for a 2 bedroom, 3 bath, 1,263 square foot unit found in the Terraces Laguna Beach condo Tract. And the maximum priced sold condo was $1,625,000 for a nice unit comprised of 2 bedrooms, 2 baths, and 1,200 square feet that is situated in the South Laguna Bluffs community.

If you have any questions regarding real estate for sale in Laguna Beach , please feel free to call us at: (949) 388-3396, or email us at: Info@eVantageRE.com .

Laguna Beach Short Sale – Realtor Case Study #37

by vbindi on August 25, 2009

Laguna Beach Short Sale Success Story #37 -  Another short sale has been sold and closed by the  ShortSalesASAP Group here in Laguna Beach, CA.  The Short Sales ASAP group is #1 in Short Sale closings in Orange County.  We have been sharing many of our success stories for the benefit of the public who may be caught in today’s mortgage loan crisis.  Short Sales are not easy to close, so it is imperative that one seeks a Realtor expert to conduct such a transaction.  Some of the details of this short sale story will not be divulged in order to protect the privacy of the past property owner.

Property and Finance Details: This Laguna Beach property was a 3 bedroom, 3 bath, 1,550 square foot detached home with a panoramic ocean view.   This home was purchased in January of 2006′ for $1.15Million, using 90% financing which resulted in a first mortgage loan of $1,035,000.  The homeowner had to move back east, and tried to sell the home using traditional methods, but was not able to do so.

Laguna Beach Real Estate Market Conditions: The real estate market here in southern California has been gone through a major price correction.  Laguna Beach has suffered a large decline in real estate prices, but not as bad as  other Cities in Orange County.   This severe real estate recession is due to the overheated southern California market that started in 1999, the nationwide mortgage crisis, and job losses here in Orange County.  Although, we now see signs that price decreases have slowed down considerably, and we may be approaching the bottom of the market cycle pricing.

Only 37 % of Short Sales actually sold and closed escrow in Laguna Beach in the past 12 months.  Whereas, the ShortSalesASAP Group closes over 94% of our short sale listings.

SHORT SALE – PHASE:  The homeowner contacted us via a referral, and we answered all of their questions and concerns regarding short sales.  The property owners signed the  listing agreement and short sale addendum, and our preparation team gathered all of the required documents from the homeowner.  These documents were carefully packaged in the format required, and delivered to the 1st mortgage bank to present the short sale proposal.   3 weeks later, and after some cunning negotiations, our expert team was able to obtain preliminary approval for the Short Sale.

MARKETING AND SALES – PHASE:   Once we obtained the preliminary short sale approval, we put this Laguna Beach property on the market for sale.  It was originally listed in the Multiple Listing Service (MLS) for $950,000.   After about 3 weeks on the market with very little interest, we dropped the price again to $925,000.  We obtained an offer from a qualified buyer for $850,000.  After some negotiations with our short sale Realtor expert, we finally arrived at a price of $872,000.

CLOSING – PHASE:  Once all of the purchase contract documents are signed by the buyer and seller, our team packages theses documents along with the buyer loan qualification letter. This package was then sent to the 1st mortgage Bank.  Our short sale negotiator then went to work to finalize the final terms and conditions of this short sale.  After some additional negotiations, we convinced the  Banks to agree to the final short sale.    The property escrow then closed 35 days later.

IN SUMMARY: The entire mortgage debt of $1,035,000 was eliminated so that the homeowner did not owe this money anymore.  We were also able to negotiate $2,500 from the Bank to pay to the homeowner, which is referred to as “Cash for Cooperation”, which many banks are now offering as an incentive to homeowners to cooperate with a short sale, versus letting the property go to Foreclosure.

ShortSaleASAP is licensed with the California Department of Real Estate, and we are members of good standing with the Orange County board of Realtors. We train Agents Nationwide how to conduct short sales, and have been interviewed by CNNMoney, ABC World News Tonight, OCRegister and others.  Our services are free to the homeowner, for we are negotiate our fee with  the mortgage bank(s). If you have any questions regarding Short Sales, contact our team of experts at: (949) 388-3396 or drop us an email at: Info@ShortSalesASAP.com

Beach Front Home for Sale in Laguna Beach

by vbindi on July 15, 2009

We are featuring a luxurious and well priced Beachfront Estate listed for sale in south Laguna Beach.  This fine home is perched on a gradual bluff and includes a private staircase to your own beach below.   Property boasts of forever Ocean views from the Balcaony, living room, master bedroom and more.   This beautiful 2 story home is situated on a large 1/4 Acre Lot with lush landscaping.  This Oceanfront lot is very secluded and has a 700 square foot entertainment pad in the back yard with expansive ocean and Catatlina Island views.

The home itself incorporates 5 bedrooms, 6 baths, with a spacious 4,400 square feet of living area. There’s more… over $600,000 in upgrades have been added which include; new doors, granite countertops, recessed lighting, crown molding, new flooring, new paint. On the exterior of the property improvements have been made to; steps and railings, landscaping, doors, gate with video security and more!

The property also includes a Workout Room, Outdoor Shower, 3 Laundry areas, huge walkin closet for her, 300sf plus of Storage Room under garage, and a separate Mother-n-law or guest room.

This property is competiviely price with range pricing from $5,999,000 to $6,399,000. This property is lcoated at the 31,000 block of south Coast Highway and is close to 1000 Steps Beach and Paradise Cove For a private showing of this fine property, call eVantage Real Estate at: (949) 916-0700, or drop us an email at:  Info@eVantageRE.com

If you would like to view all homes for sale in Laguna Beach, visit our Website at: Laguna Beach real estate.

Luxury Home for Sale in Laguna Beach, CA.

by Vincent Bindi on August 18, 2008

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 

Affordable Ocean View Duplex Home in Laguna Beach, CA.

by Vincent Bindi on February 27, 2008

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.

laguna beach duplex homeThe 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
  

New Homes for Sale in Laguna Beach, CA.

by Vincent Bindi on April 19, 2007

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 Ocean View Homes

by Vincent Bindi on April 9, 2007

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.

The median priced ocean view home in Laguna Beach is priced at $3.2 million for a nominal 4 bedroom, 4.5 bath, 4,500 square foot home with distant panoramic ocean views.  Ocean View homes will range in price from $550 per square foot up to $10,000 per square foot. On average, one can expect to pay about $1,200 to $1,400 per square foot for a typical panoramic ocean view home.

For those with very deep pockets, beachfront estates with up-close sweeping ocean views range in price from $15 to $40 Million dollars.  There are currently 7 such properties on the market for sale in Laguna Beach.  A 5 bedroom, 5.5 bath, 7,220 square foot home located on the sand has a current asking price of $15.9 Million.  This estate is located in the prestigious gated community of of Lagunita, and was built  in 1983.   A second oceanfront property for sale in Lagunita offers panoramic coastline and Catalina island views, with 4 bedrooms, 4.5 baths and 4,300 square feet of living area with a price tag of $17 Million. 

In the desired community of Emerald Bay there is a 5 bedroom, 5 bath, 2,774 square foot estate currently for sale for $18 Million.  This prestigious property is situated directly over Irvine Cove Beach and has a separate Care Take Quarters and was built in 1989.  In the Victoria Beach area of Laguna Village, there is a 6 bedroom, 7.5 bath, 10,000 square foot palatial estate for sale for $24,950,000 boasting of breathtaking ocean and coastline views  on  an Acre of  beach front land.   This home was designed by the renowned architect Ed Lohrbach and offers world-class luxury amenities.

Currently, there are 2 properties for sale in the South Laguna Bluffs community in South Laguna Beach.  These properties are both located on Circle Dr and are situated on the OC’s trophy beach.  One estate with 3 bedrooms, 3 baths and 2,500 square of living area is being offered for $31.9 Million and the other 4 bedroom, 4 bath, 4,000 square foot property is currently offered for sale for $33 Million.  Currently, the most expensive ocean view property in Laguna Beach is a 18,000 square foot home situated on 11 Acres offering unobstructed sweeping Ocean views with an asking price of $39 Million.

Click here to view all Real Estate for sale in Laguna Beach.  If you would like a private showing of any of these fine ocean view estate in Laguna Beach, please feel free to contact us at 949-388-3396, or email us at:  Info@SearchOCHomes.com

Laguna Beach Real Estate prices

by Vincent Bindi on March 15, 2007

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