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22172 Rico Rd, Laguna Beach, CA 92651

List Price: $8,995,000On Market FlagOn market
Jun 24, 20253,700 sqft4 beds4 baths
Listed by: Austin Victoria
License #: 02038193
Phone #: 949-706-4974
The Oppenheim Group
Source:
CRMLS Logo
MLS #: OC25141917

Property Description

Introducing Villa Azul, an extraordinary ocean-view development opportunity located in the prestigious hills of Laguna Beach. This fully entitled luxury project includes approved architectural plans by world-renowned Horst Architects, with construction currently underway. Set above the coastline, the property captures expansive west-facing views of the Pacific Ocean and is ideally situated just minutes from Southern California’s most iconic beaches and hidden coves. The approved design features an approximately 3,000 square foot main residence and a 700 square foot detached Casita, privately tucked beneath a dramatic 42-foot infinity-edge lap pool that overlooks the ocean. The main level includes a formal entry, open-concept chef’s kitchen, dining and living areas, and a two-car garage, all flowing seamlessly to a covered outdoor entertaining terrace. The lower level hosts the private sleeping quarters, including a resort-caliber primary suite with panoramic ocean views, a spa-inspired bath, and a generous walk-in closet. Each room on this level opens directly to the private pool terrace, creating a seamless indoor-outdoor living experience. The detached Casita offers its own living and sleeping quarters and opens into a serene, landscaped garden setting—ideal for guest use or as a private retreat. Designed with a timeless and natural material palette including ocean silver travertine, marine-grade cedar, exposed concrete, glass, and steel, Villa Azul reflects a warm modern aesthetic that harmonizes with the surrounding coastal terrain. The architectural vision emphasizes clean lines, expansive floor-to-ceiling glass, and fluid transitions to outdoor terraces and spa-style amenities. This is a rare opportunity to realize a signature residence that blends luxury, design, and coastal living in one of Laguna Beach’s most desirable enclaves.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$114,057

TurboHome Estimated Value

$8,299,400

$2,243 sqft

High Valuation
$8,714,370
$2355/sqft
Normal Valuation
$8,299,400
$2243/sqft
Low Valuation
$7,884,430
$2131/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$2243/sqft$8,299,400

Neighborhood: Coast Royal (CR)

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Comparative Value

$5.20M

$5.75M

$6.75M

$7.05M

$8.99M

31387 Ceanothus Dr, Laguna Beach, CA 92651

Sale Price: $5,200,000

Selected Comparable

31282 Ceanothus Dr, Laguna Beach, CA 92651

Sale Price: $5,245,000

Selected Comparable

31452 Ceanothus Dr, Laguna Beach, CA 92651

Sale Price: $5,750,000

Selected Comparable

214 Monarch Bay Dr, Dana Point, CA 92629

Sale Price: $6,750,000

Selected Comparable

591 Balboa Ave, Laguna Beach, CA 92651

Sale Price: $7,050,000

Selected Comparable

22172 Rico Rd, Laguna Beach, CA 92651

List Price: $8,995,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
22172 Rico Rd, Laguna Beach, CA 92651

22172 Rico Rd, Laguna Beach, CA 92651

List: $8,995,000

Listed: 6/24/2025

Area:3,700 sqft
Price/sqft:$2,431
Beds:4
Baths:4
Year Built:
Lot Size:8,375

Comparable Properties

COMPARABLE
Choose comps
31452 Ceanothus Dr, Laguna Beach, CA 92651

31452 Ceanothus Dr, Laguna Beach, CA 92651

Sale: $5,750,000

10/25/20240.21 mi

Area:3,900 sqft
Price/sqft:$1,474
Beds:4
Baths:5
Year Built:
Weight:21.4%
31282 Ceanothus Dr, Laguna Beach, CA 92651

31282 Ceanothus Dr, Laguna Beach, CA 92651

Sale: $5,245,000

6/9/20250.30 mi

Area:3,100 sqft
Price/sqft:$1,692
Beds:4
Baths:3
Year Built:
Weight:21.2%
591 Balboa Ave, Laguna Beach, CA 92651

591 Balboa Ave, Laguna Beach, CA 92651

Sale: $7,050,000

1/30/20251.30 mi

Area:3,537 sqft
Price/sqft:$1,993
Beds:4
Baths:5
Year Built:
Weight:19.8%
214 Monarch Bay Dr, Dana Point, CA 92629

214 Monarch Bay Dr, Dana Point, CA 92629

Sale: $6,750,000

12/30/20241.24 mi

Area:2,858 sqft
Price/sqft:$2,362
Beds:4
Baths:4
Year Built:
Weight:19.2%
31387 Ceanothus Dr, Laguna Beach, CA 92651

31387 Ceanothus Dr, Laguna Beach, CA 92651

Sale: $5,200,000

3/26/20250.26 mi

Area:3,000 sqft
Price/sqft:$1,733
Beds:3
Baths:4
Year Built:
Weight:18.4%

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