2538 Monaco Drive, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE$18,750,000
2538 Monaco Drive, Laguna Beach, California 92651
5Beds
5Baths
3,758Sqft
11,000Lot
Year Built
1961
Close
-
List price
$18.75M
Original List price
$25M
Price/Sqft
-
HOA
$8,000
Days on market
-
Sold On
-
MLS number
NP25009070
Home ConditionExcellent
Features
Excellent View: Catalina, Ocean
Deck
Patio
ViewCatalina, Ocean

About this home

Located within one of southern California’s most sought-after private beach front 24-hour guard gated communities, this soft contemporary jewel box of an ocean retreat represents coastal living at its finest. This 3758 sq. ft. 5-bedroom 5-bathroom residence is flooded with light and artfully marries the interior spaces with the breathtaking exterior surroundings. Adorned with exquisite surfaces and stonework, complemented by masterfully executed millwork no detail has been overlooked to even the most discerning beholder. Ocean views out to the endless horizon and year-round sunsets is the living art backdrop to this property and can be enjoyed from virtually any vantage point in the residence. Being set within Laguna Beach’s, Irvine Cove, this private oceanfront community is set at the most accessible northern tip of the city providing access to endless amenities such as John Wayne Airport, world class shopping at South Coast Plaza and Fashion Island, performing arts, museums and endless dining no more than 15 to 20 minutes away. All of this set around the community's private beach just a short jaunt from the residence. Rarely do opportunities arise to acquire properties within this neighborhood and this particular residence must be experienced to truly understand its value and the lifestyle it provides to its residents.

Nearby schools

9/10
El Morro Elementary School
Public,K-50.2mi
9/10
Thurston Middle School
Public,6-83.0mi
9/10
Laguna Beach High School
Public,9-122.4mi

Price History

Date
Event
Price
08/15/25
Price Change
$18,750,000
01/17/25
Listing
$25,000,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (137 Listings)
Beds53
90%
Baths53
78%
Square foot3,7582,008
88%
Lot Size11,0005,516
93%
Price$18.75M$3.13M
98%
Price per square foot$4,989$1,580.5
99%
Built year19619825983
40%
HOA$8,000
1%
Days on market291195
88%
Condition Rating
Excellent

Despite being built in 1961, the property has clearly undergone an extensive, high-end, and very recent renovation, likely within the last 5 years. The description highlights 'soft contemporary jewel box' and 'exquisite surfaces and stonework, complemented by masterfully executed millwork no detail has been overlooked.' Images confirm this with an ultra-modern kitchen featuring sleek integrated appliances, a large marble island, and contemporary lighting. Bathrooms are equally modern with high-end fixtures, floating vanities, and unique tile work. Hardwood flooring is pristine throughout, and the overall aesthetic is current and luxurious. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Exclusive Community & Private Beach Access: Located within Irvine Cove, a highly sought-after 24-hour guard-gated community offering rare acquisition opportunities and private beach access just a short walk away.
Breathtaking Panoramic Ocean Views: The residence boasts stunning, year-round ocean, Catalina Island, and sunset views from virtually every vantage point, serving as a captivating living art backdrop.
Luxurious Contemporary Renovation: Artfully designed with a 'soft contemporary' aesthetic, featuring exquisite surfaces, stonework, and masterfully executed millwork, indicating a high-quality, detailed remodel.
Strategic Coastal Location & Accessibility: Positioned at the accessible northern tip of Laguna Beach, providing convenient 15-20 minute access to John Wayne Airport, world-class shopping (South Coast Plaza, Fashion Island), and diverse dining options.
Spacious & Light-Filled Interior: A generous 3,758 sq. ft. residence with 5 bedrooms and 5 bathrooms, designed to be flooded with natural light and seamlessly marry interior spaces with the exterior surroundings.

Cons

Substantial Price Reduction: The property has undergone a significant price reduction from its original list price of $25,000,000 to $18,750,000, which may indicate a previous overvaluation or market challenges.
Very High Association Fees: The $8,000 monthly association fee is exceptionally high, representing a considerable ongoing expense that could impact buyer affordability and long-term ownership costs.
Original Construction Age: Built in 1961, the property's underlying structure is over 60 years old. While extensively remodeled, some buyers may have concerns regarding the age of original infrastructure or potential for unforeseen maintenance.

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