134 High Drive, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE$2,495,000
134 High Drive, Laguna Beach, California 92651
3Beds
2Baths
1,192Sqft
4,275Lot
Year Built
1972
Close
-
List price
$2.5M
Original List price
$3.19M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
LG24221326
Home ConditionGood
Features
Good View: Catalina, City Lights, Coastline, Ocean, Water
Deck
ViewCatalina,City Lights,Coastline,Ocean,Water

About this home

Discover an exceptional investment opportunity in North Laguna: a recently refreshed home with fully approved plans by Walter Metez Architects. A complete design package outlines a 1,688 square foot, 3 bedroom, 2.5 bath main residence with a 600 square foot ADU - an ideal coastal retreat. Located within walking distance to downtown and the beach, the current structure features an open floor plan that flows from a modernized kitchen to an outdoor deck with ocean views, showcasing vaulted ceilings, wood flooring, fresh paint, and an updated bathroom. The main level includes two bedrooms and a bathroom, while a private guest retreat on the lower level offers a kitchenette and a bath. Enjoy a tranquil backyard with a garden, plus coveted four car parking and a storage room. This is a rare chance to own a gem in one of Laguna Beach’s most prestigious neighborhoods, just moments from world-class dining, galleries, and beaches.

Price History

Date
Event
Price
08/12/25
Price Change
$2,495,000
10/25/24
Listing
$3,195,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (137 Listings)
Beds33
50%
Baths23
34%
Square foot1,1921,994
12%
Lot Size4,2755,425
33%
Price$2.5M$3.1M
35%
Price per square foot$2,093$1,580.5
73%
Built year19729825983
60%
HOA
Days on market375195
96%
Condition Rating
Good

Despite being built in 1972, the property has undergone recent and significant updates, making it move-in ready. The kitchen features modernized white shaker-style cabinets, black granite countertops, and stainless steel appliances. The main bathroom is updated with a contemporary vanity, sink, and fixtures. Wood flooring and fresh paint throughout the main living areas contribute to a clean and updated aesthetic. While the underlying structure is older and there are approved plans for a new build, the current condition reflects recent renovations that align with the 'Good' score criteria for being extensively renovated within the last 5-15 years and being move-in ready.
Pros & Cons

Pros

Exceptional Location: Situated in prestigious North Laguna, offering walkability to downtown, the beach, world-class dining, and galleries.
Approved Development Potential: Comes with fully approved architectural plans for a significant expansion (1,688 sqft main residence) and a 600 sqft Accessory Dwelling Unit (ADU), providing substantial future value and income potential.
Desirable Views: Features ocean views from the outdoor deck, complemented by Catalina, City Lights, Coastline, and Water views, enhancing its appeal.
Recent Updates & Features: The current structure has been recently refreshed with a modernized kitchen, updated bathroom, vaulted ceilings, wood flooring, fresh paint, and includes a private guest retreat with a kitchenette.
Rare Parking & Storage: Offers coveted four-car parking and a dedicated storage room, which is a significant advantage in a dense coastal community.

Cons

Substantial Price Reduction: The property has undergone a significant price reduction from its original listing, potentially signaling initial overpricing or market resistance.
Current Modest Size: The existing main residence is 1,192 sqft, which is relatively small for a 3-bedroom home in this high-value market, requiring the approved expansion to maximize its potential.
Age of Construction: Built in 1972, the property, despite recent refreshes, may still have underlying older systems or components that could require future maintenance or upgrades beyond cosmetic improvements.

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