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40 Lagunita Dr, Laguna Beach, CA 92651

Sale Price: $7,000,000
Oct 12, 20242,542 sqft3 beds3 baths
Listed by: Michael Johnson
License #: 01429647
Phone #: 949-207-3735
Compass
Source:
CRMLS Logo
MLS #: LG24202753

Property Description

In this storied enclave of just over sixty homes, 40 Lagunita – an exceptional and prominent location overlooking the sands and waves of Victoria Beach – is now available after multiple generations of family ownership. A short private community staircase adjacent to the home leads directly to the beach. Only a single row of Lagunita oceanfront homes sit between 40 Lagunita and the sand. The gated Lagunita community, home across the years to celebrities and business luminaries, allows for a wonderfully low-key beach lifestyle and a terrific juxtaposition to other more public oceanfront and beach-close locations in Laguna Beach. The home, a perfect example of the mid-century ranch style, offers broad coastline views, beautiful sunsets year-round, and full Catalina Island views. The current floorplan is surprisingly modern in feel. A great room open to dining and an open kitchen anchor the upper street level, with the primary bedroom suite and an additional bedroom and bath on this level offering an opportunity for the bulk of ‘living’ on a single level. Almost all rooms on the street level and a wonderful terrace share in the superior coastal views. The lower level includes a second great room and an additional guest bedroom suite and bath – with a walk-out rear yard. Surprisingly, the lower level includes stellar ocean views from most rooms and the rear yard. A sheltered front entry courtyard provides function as well as a beautiful entry to the home. On colder winter evenings (Southern California ‘cold’, that is), the courtyard is a terrific spot for outside dining and entertaining with protection from the cooler on-shore airflow. 40 Lagunita delivers an endless number of possibilities – a terrific home to live in as-is, improve and update the current home, or potentially add on or rebuild on this outstanding and rare parcel. Only a handful of homes in Lagunita, let alone Laguna Beach at large, share such a prime ocean-view and beach-close location – while many will covet 40 Lagunita, only one will be able to shepherd this special property into the next 100 years.
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

$127,632

TurboHome Estimated Value

$7,401,900

$2,912 sqft

High Valuation
$7,771,995
$3057/sqft
Normal Valuation
$7,401,900
$2912/sqft
Low Valuation
$7,031,805
$2766/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$2912/sqft$7,401,900

Neighborhood

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Comparative Value

$5.20M

$5.56M

$6.29M

$7.00M

$7.90M

31387 Ceanothus Dr, Laguna Beach, CA 92651

Sale Price: $5,200,000

Selected Comparable

31345 Holly Dr, Laguna Beach, CA 92651

Sale Price: $5,300,000

Selected Comparable

791 Nyes Pl, Laguna Beach, CA 92651

Sale Price: $5,557,000

Selected Comparable

40 Lagunita Dr, Laguna Beach, CA 92651

List Price: $6,295,000

Subject Property

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

Neighborhood Comps

Subject Property

SUBJECT
40 Lagunita Dr, Laguna Beach, CA 92651

40 Lagunita Dr, Laguna Beach, CA 92651

List: $6,295,000

Listed: 10/12/2024

Area:2,542 sqft
Price/sqft:$2,476
Beds:3
Baths:3
Year Built:
Lot Size:6,864

Comparable Properties

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

40 Lagunita Dr, Laguna Beach, CA 92651

Sale: $7,000,000

11/8/20240.00 mi

Area:2,542 sqft
Price/sqft:$2,754
Beds:3
Baths:3
Year Built:
Weight:24.9%
2677 Victoria Dr, Laguna Beach, CA 92651

2677 Victoria Dr, Laguna Beach, CA 92651

Sale: $7,900,000

4/14/20250.25 mi

Area:2,244 sqft
Price/sqft:$3,520
Beds:3
Baths:3
Year Built:
Weight:23.5%
31387 Ceanothus Dr, Laguna Beach, CA 92651

31387 Ceanothus Dr, Laguna Beach, CA 92651

Sale: $5,200,000

3/26/20251.11 mi

Area:3,000 sqft
Price/sqft:$1,733
Beds:3
Baths:4
Year Built:
Weight:17.7%
791 Nyes Pl, Laguna Beach, CA 92651

791 Nyes Pl, Laguna Beach, CA 92651

Sale: $5,557,000

3/24/20250.44 mi

Area:3,221 sqft
Price/sqft:$1,725
Beds:3
Baths:4
Year Built:
Weight:17.4%
31345 Holly Dr, Laguna Beach, CA 92651

31345 Holly Dr, Laguna Beach, CA 92651

Sale: $5,300,000

8/15/20241.11 mi

Area:2,963 sqft
Price/sqft:$1,789
Beds:3
Baths:4
Year Built:
Weight:16.5%

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