Property Description
Perched above the coastline in Laguna Beach’s exclusive Mystic Hills, the iconic “Wave House” offers an unparalleled vantage point with 121 feet of unobstructed ocean frontage and sweeping, panoramic views that span the Pacific horizon. Originally designed by renowned architect Harry Gesner and now on the market for the first time in 32 years, this 5,013 (+/-) square-foot architectural icon is immersed in natural light, with walls of glass that frame mesmerizing vistas of Catalina Island, crashing whitewater, and the ever-changing coastline—views that follow you from nearly every room, morning to sunset. Expansive view decks invite seamless indoor-outdoor living, while ocean breezes and the sound of the surf create a sense of calm and connection to the sea. Set on a 14,399 (+/-) square-foot street-to-street lot, this one-of-a-kind property captures the very essence of Southern California’s coastal beauty and tranquility while offering the perfect balance of seclusion and convenience—just moments from Laguna’s renowned beaches, fine dining, galleries, and vibrant village life. The existing layout includes four bedrooms, three and a half baths, a dedicated office, gym, media room, 48 foot pool, spa, cabana and private 6-person sauna—each space offering its own breathtaking outlook over the water. Every element of the home is oriented to celebrate its most valuable feature: the endless, awe-inspiring ocean views. Approved remodel plans and refined architectural renderings by Elle White Architecture envision a respectful yet transformative restoration—preserving the home's mid-century soul while enhancing its livability with contemporary luxury. Imagine the possibilities. Once completed, this will be far more than a home—it will be a front-row seat to the Pacific, a rare opportunity to own a living work of art in the heart of one of California’s most iconic and vibrant coastal communities.
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“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 Savings
$116,139
TurboHome Estimated Value
$7,368,800
$1,470 sqft
High Valuation
$7,737,240
$1543/sqft
Normal Valuation
$7,368,800
$1470/sqft
Low Valuation
$7,000,360
$1396/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $1470/sqft | $7,368,800 |
Get a detailed valuation report, schedule a tour or make an offer!
“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.”
Neighborhood: Mystic Hills (MH)
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Comparative Value
$5.00M
$6.00M
$7.00M
2335 Hillview Dr, Laguna Beach, CA 92651
Sale Price: $5,000,000
Selected Comparable
2590 Park Ave, Laguna Beach, CA 92651
Sale Price: $6,000,000
Selected Comparable
1255 Skyline Dr, Laguna Beach, CA 92651
List Price: $6,995,000
Subject Property
Neighborhood Comps
Subject Property
SUBJECT1255 Skyline Dr, Laguna Beach, CA 92651
List: $6,995,000
Listed: 7/8/2025
Area:5,013 sqft
Price/sqft:$1,395
Beds:4
Baths:4
Year Built:—
Lot Size:14,399
Comparable Properties
COMPARABLEChoose comps
2335 Hillview Dr, Laguna Beach, CA 92651
Sale: $5,000,000
8/1/2025 • 0.94 mi
Area:4,631 sqft
Price/sqft:$1,080
Beds:4
Baths:5
Year Built:—
Weight:51.8%
2590 Park Ave, Laguna Beach, CA 92651
Sale: $6,000,000
6/17/2025 • 1.10 mi
Area:4,427 sqft
Price/sqft:$1,355
Beds:4
Baths:5
Year Built:—
Weight:48.2%
Subject Property
SUBJECTImage | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
1255 Skyline Dr, Laguna Beach, CA 92651 | $6,995,000 | 5,013 | $1,395 | 14,399 | — | 7/8/2025 | 4 | 4 | — | — |
Comparable Properties
COMPARABLEChoose comps
Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
2335 Hillview Dr, Laguna Beach, CA 92651 | $5,000,000 | 4,631 | $1,080 | 9,000 | 0.94 mi | 8/1/2025 | 4 | 5 | — | 51.8% | |
2590 Park Ave, Laguna Beach, CA 92651 | $6,000,000 | 4,427 | $1,355 | 16,564 | 1.10 mi | 6/17/2025 | 4 | 5 | — | 48.2% |
Nearby Listings
23 similar properties within 5 miles

List Price: $7,295,000
1061 Skyline Dr, Laguna Beach, CA 92651
4 bd 4 ba 3,346 sqft
TurboHome Est. Value:
$7,520,000

List Price: $6,495,000
825 Coast View Dr, Laguna Beach, CA 92651
3 bd 4 ba 2,692 sqft
TurboHome Est. Value:
$5,937,000

List Price: $6,599,900
905 Canyon View Dr, Laguna Beach, CA 92651
4 bd 5 ba 3,588 sqft
TurboHome Est. Value:
$6,087,100
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