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2040 Ocean Way, Laguna Beach, CA 92651

List Price: $8,995,000On Market FlagOn market
Jan 16, 20252,826 sqft2 beds3 baths
Listed by: John Stanaland
License #: 01223768
Phone #: 949-689-9047
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Source:
CRMLS Logo
MLS #: LG25011189

Property Description

Commanding breathtaking panoramas of the Pacific Ocean from nearly every vantage point, this residence seamlessly integrates contemporary, sophisticated interiors with the quintessential outdoor coastal living. Recently reimagined with meticulous attention to detail, the floor plan spans just over 2,800 square feet, offering two bedrooms and two-and-a-half bathrooms. The richly layered finishes create an elevated living environment, with imported Turkish stone, reclaimed wood-plank flooring, handcrafted millwork, and bespoke lighting celebrating craftsmanship throughout. Accessed from the street level via a custom glass elevator, the principal living area features stunning ocean vistas, a main sitting section with a fireplace, and the home’s dining portion set against a picture window. A Dutch door connects this space with one of the numerous outdoor areas. Anchored by a stone-top island, the open-concept kitchen offers every high-end amenity, from bespoke cabinetry, a slab backsplash, and an integrated high-end appliance package inclusive of a professional-grade six burner Wolf range with double ovens and a griddle to a farmhouse sink. Clad in a muted palette, the rear living space on this floor is a quiet retreat that leads onto the backyard: a lush sanctuary with a pool, sitting area, and fountains - truly an oasis in the city. A secondary bedroom with an adjacent bathroom and a generously sized walk-in closet round out this level of the home. Perched atop the residence, the primary suite is a statement of its own. Offering textural depth, its wood-paneled ceiling melds with luxurious wallpaper and contemporary lines of the accordion doors, which span the entire ocean-facing wall of the room, leading onto the private terrace. The ensuite bathroom with double vanities and marble-sheathed shower completes the topmost floor. No surface of this home was untouched during its renovation, and notable highlights include custom lighting, a whole-house audio system, ample garage space, and high-grade, non-flammable material throughout. The combination of enlivened interiors, breathtaking views, and a prime location of this residence is simply irreproducible.
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

$112,968

TurboHome Estimated Value

$8,263,100

$2,924 sqft

High Valuation
$8,676,255
$3070/sqft
Normal Valuation
$8,263,100
$2924/sqft
Low Valuation
$7,849,945
$2778/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$2924/sqft$8,263,100

Neighborhood: Woods Cove (WC)

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Comparative Value

$5.10M

$5.56M

$7.00M

$7.90M

$8.99M

649 Anita St, Laguna Beach, CA 92651

Sale Price: $5,100,000

Selected Comparable

791 Nyes Pl, Laguna Beach, CA 92651

Sale Price: $5,557,000

Selected Comparable

40 Lagunita Dr, Laguna Beach, CA 92651

Sale Price: $7,000,000

Selected Comparable

2677 Victoria Dr, Laguna Beach, CA 92651

Sale Price: $7,900,000

Selected Comparable

2040 Ocean Way, Laguna Beach, CA 92651

List Price: $8,995,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
2040 Ocean Way, Laguna Beach, CA 92651

2040 Ocean Way, Laguna Beach, CA 92651

List: $8,995,000

Listed: 1/16/2025

Area:2,826 sqft
Price/sqft:$3,183
Beds:2
Baths:3
Year Built:
Lot Size:4,250

Comparable Properties

COMPARABLE
Choose comps
40 Lagunita Dr, Laguna Beach, CA 92651

40 Lagunita Dr, Laguna Beach, CA 92651

Sale: $7,000,000

11/8/20240.75 mi

Area:2,542 sqft
Price/sqft:$2,754
Beds:3
Baths:3
Year Built:
Weight:26.2%
2677 Victoria Dr, Laguna Beach, CA 92651

2677 Victoria Dr, Laguna Beach, CA 92651

Sale: $7,900,000

4/14/20250.51 mi

Area:2,244 sqft
Price/sqft:$3,520
Beds:3
Baths:3
Year Built:
Weight:26.1%
649 Anita St, Laguna Beach, CA 92651

649 Anita St, Laguna Beach, CA 92651

Sale: $5,100,000

5/23/20250.75 mi

Area:2,276 sqft
Price/sqft:$2,241
Beds:3
Baths:3
Year Built:
Weight:26.0%
791 Nyes Pl, Laguna Beach, CA 92651

791 Nyes Pl, Laguna Beach, CA 92651

Sale: $5,557,000

3/24/20250.92 mi

Area:3,221 sqft
Price/sqft:$1,725
Beds:3
Baths:4
Year Built:
Weight:21.7%

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