2867 Chateau Way, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE$3,995,000
2867 Chateau Way, Laguna Beach, California 92651
5Beds
3Baths
2,671Sqft
15,000Lot
Year Built
1961
Close
-
List price
$4M
Original List price
$4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
LG25246579
Home ConditionTear down
Features
Excellent View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Pool, Water
Pool
Patio
ViewCatalina,City Lights,Coastline,Neighborhood,Ocean,Panoramic,Pool,Water

About this home

A truly exceptional offering in the heart of the Top of the World neighborhood and available for the first time in decades. Sited on a double, approximately 15,000 square foot lot, the grand panoramic views of this pool residence are matched only by its privacy, creating an incredible opportunity for a visionary buyer. The breathtaking vistas, spanning as far as Palos Verdes, can be enjoyed from all main areas of this single level, mostly original home: from the primary suite, to the living, dining, and family room sections. A blank canvas, the unique position and large scale of the lot create an opportunity to expand the existing footprint or redevelop anew. The current floor plan, which includes five bedrooms, an inviting gathering area, and an additional living space with a fireplace and large view-facing glass sliding doors, serves as an excellent foundation for a bespoke residence. This is a premier opportunity to acquire a piece of real estate in one of Laguna Beach’s most coveted neighborhoods, on a quiet street with ample parking, and capitalize on its potential.

Nearby schools

9/10
Top Of The World Elementary School
Public,K-50.2mi
9/10
El Morro Elementary School
Public,K-53.4mi
9/10
Thurston Middle School
Public,6-80.5mi
9/10
Laguna Beach High School
Public,9-121.3mi

Price History

Date
Event
Price
10/24/25
Listing
$3,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (138 Listings)
Beds53
90%
Baths33
50%
Square foot2,6712,015
66%
Lot Size15,0005,581
96%
Price$4M$3.15M
65%
Price per square foot$1,496$1,559
45%
Built year19611965
40%
HOA
Days on market12194
1%
Condition Rating
Tear down

Built in 1961 and described as a 'mostly original home' and 'blank canvas,' this property shows no evidence of major renovations in the past 50 years. The visible bathrooms feature extremely outdated fixtures, countertops, and even carpeted floors, indicative of 1960s/70s styling. The absence of kitchen images suggests it is likely in a similar, highly original condition. While the structure may not be physically 'beyond repair,' the property's value is clearly based on the land and its potential for redevelopment or a complete gut renovation, aligning with the 'tear-down' criteria for a property of this age and lack of updates.
Pros & Cons

Pros

Panoramic Views: The property boasts breathtaking panoramic views of Catalina, the Pacific Ocean, city lights, and coastline from all main areas, extending as far as Palos Verdes.
Exceptional Development Potential: Sited on a rare double, approximately 15,000 sqft lot, it presents a unique 'blank canvas' opportunity for significant expansion or complete redevelopment.
Prime & Private Location: Located in the highly coveted 'Top of the World' neighborhood on a quiet street, ensuring both exclusivity and a high degree of privacy.
Top-Tier School District: Benefits from access to the Laguna Beach Unified School District, with all local elementary, middle, and high schools receiving a top rating of 9.
Desirable Single-Level Layout: Features a functional single-level floor plan with five bedrooms, providing an excellent foundation for a custom-designed residence.

Cons

Extensive Renovation Required: Described as a 'mostly original home' and a 'blank canvas,' indicating a substantial investment will be necessary for modernization and upgrades.
Outdated Condition (Year Built 1961): The 1961 construction suggests potential for outdated systems, infrastructure, and finishes that will likely require significant capital expenditure.
High Capital Outlay Post-Purchase: While offering immense potential, the property demands a considerable financial commitment for renovation or redevelopment beyond the initial acquisition cost.

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