1337 Gaviota Dr, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE$17,000,000
1337 Gaviota Dr, Laguna Beach, California 92651
0Bed
0Bath
4,500Sqft
10,454Lot
Year Built
1972
Close
-
List price
$17M
Original List price
$17M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25247805
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Coastline, Ocean, Panoramic, Water
Deck
Pool
Patio
ViewCatalina,City Lights,Coastline,Ocean,Panoramic,Water

About this home

“Where Vision Meets the View” | Laguna Beach Oceanfront Investment Compound (Ideal for 1031 Exchange | Multi-Family | Development Opportunity) Some assets redefine what’s possible. This one does both delivering immediate income, long-term upside, and irreplaceable oceanfront frontage in the heart of Laguna’s legendary HIP District. Perched above the sand on a rare double blufftop lot exceeding 10,000 sq ft, this property offers 50 ft. of linear ocean frontage and a private staircase directly to Cress Cove putting you front row to one of the most iconic coastlines in the world. The Property -- Detached SFR: 4 Bedrooms + Office | 4 Baths | No shared walls Three Condos: Each 2 Bedrooms | 2 Baths - ideal for luxury leasing or long-term income Bonus Level: Flexible pool house / studio / gym / media retreat with potential to become a 5th legal unit Private Pool Terrace + 4-Car Garage Multiple Addresses + Gated Compound Layout Investment Highlights -- Four existing income producing residences with diverse use potential Bonus space with 5th unit potential adds immediate value add opportunity 1031 exchange ready with strong (income to land) value ratio Redevelopment upside: One of the few oceanfront double lots zoned for multi-family/multi-address use Prime location: Steps to Surf & Sand Resort, art galleries, cafés, and the cultural heart of Laguna Village Whether held as a cash flowing investment, repositioned as a boutique oceanfront portfolio, or reimagined as a trophy redevelopment, this property is a once in a generation acquisition for those who understand that true oceanfront land is the rarest asset of all Where vision meets the view and opportunity meets the ocean!

Price History

Date
Event
Price
10/26/25
Listing
$17,000,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (138 Listings)
Beds03
Baths03
Square foot4,5002,015
94%
Lot Size10,4545,581
91%
Price$17M$3.15M
98%
Price per square foot$3,778$1,571
97%
Built year19721965
58%
HOA
Days on market10194
1%
Condition Rating
Excellent

Despite being built in 1972, the property, as depicted in the images, has undergone extensive and high-quality recent renovations. The kitchen features modern flat-panel cabinetry, sleek white countertops, and contemporary appliances (implied), complemented by stylish pendant lighting and modern tile flooring. The bathrooms are equally impressive with freestanding tubs, frameless glass showers, modern vanities, and current design aesthetics. The overall interior spaces shown are move-in ready, boasting a contemporary style with new or virtually new components, meeting current quality standards. While the description mentions the age of the original structures and redevelopment potential, the visible living areas reflect an 'excellent' condition due to these significant updates.
Pros & Cons

Pros

Unrivaled Oceanfront Location & Access: The property boasts a rare double blufftop lot with 50 ft. of linear ocean frontage and a private staircase directly to Cress Cove, offering exclusive and irreplaceable ocean access in Laguna Beach.
Exceptional Income & Investment Potential: Comprises four existing income-producing residences (detached SFR + three condos) with potential for a 5th legal unit, making it ideal for luxury leasing, long-term income, and 1031 exchange.
Significant Redevelopment Opportunity: Positioned on one of the few oceanfront double lots zoned for multi-family/multi-address use, presenting substantial upside for a trophy redevelopment project.
Panoramic Ocean Views: Offers stunning panoramic views of Catalina, City Lights, Coastline, and the Pacific Ocean, significantly enhancing its desirability and value.
Prime Walkable Laguna Village Location: Located in the heart of Laguna's HIP District, steps away from the Surf & Sand Resort, art galleries, cafes, and the cultural center of Laguna Village, providing excellent lifestyle amenities.

Cons

Exceedingly High Price Point: The $17,000,000 list price targets an extremely niche market, significantly limiting the pool of potential buyers to ultra-high-net-worth individuals or institutional investors.
Age of Existing Structures (1972): While offering redevelopment potential, the current structures built in 1972 may require significant modernization, renovation, or demolition if not fully redeveloped, potentially incurring substantial additional costs.
Complex Multi-Unit Management: Operating a compound with multiple distinct residential units (SFR + 3 condos + potential 5th unit) entails complex property management, leasing, and maintenance responsibilities that may not appeal to all investors.

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