29242 Elba Drive, Laguna Niguel, California 92677, Laguna Niguel, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$875,000
29242 Elba Drive, Laguna Niguel, California 92677
2Beds
2Baths
1,065Sqft
Lot
Year Built
1988
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
-
HOA
$420
Days on market
-
Sold On
-
MLS number
OC25239198
Home ConditionFair
Features
Excellent View: City Lights, Hills, Mountain(s), Neighborhood, Panoramic, Valley
Patio
ViewCity Lights,Hills,Mountain(s),Neighborhood,Panoramic,Valley

About this home

Truly an outstanding opportunity for this "single level" residence with absolutely "stunning views" located within the Capri condominium complex in Laguna Niguel! This lower level, 2 bedroom, 2 full bath residence has newer paint, newer carpet, central air, family room with fireplace, vaulted ceilings, a floor plan which is "step free" and can absolutely be described as light & bright and open & spacious. The primary suite possesses mirrored closet doors, walk-in closet, master bath with 2 vanities and access to an outstanding fenced patio area containing incredible views and outstanding privacy! In addition, washer & dryer facilities are located within the residence. The kitchen is inclusive of a 4-burner gas range, refrigerator, dishwasher and stainless steel oven & microwave. An attached 1-car garage with direct access to the residence. Outstanding proximity to shopping, dining, walking trails & parks as well as minutes away from the Pacific Ocean and its incredible coast! Equally close is access to both the Waldorf Astoria and Ritz Carlton Resorts as well as Salt Creek Beach and its world renowned surfing breaks!! Quick access to the 5 freeway, 73 tollway, as well as hospitals, Mission Viejo mall and John Wayne Airport. The homeowners association does encompass a beautiful pool & spa area accommodating access for all residents. This end-unit residence is also afforded the feeling of an abundance of yard space being contiguous to an "association maintained" park area. This is a must see for both owner occupants as well as investors. This residence is currently leased at $3895 per month through April 30, 2026. Don't miss this rare opportunity!

Nearby schools

8/10
Moulton Elementary School
Public,K-50.8mi
7/10
Aliso Viejo Middle School
Public,6-83.0mi
9/10
Aliso Niguel High School
Public,9-121.6mi

Price History

Date
Event
Price
10/22/25
Listing
$875,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (104 Listings)
Beds22
50%
Baths22
50%
Square foot1,0651,212
40%
Lot Size0267,354
Price$875K$820K
61%
Price per square foot$822$689
96%
Built year19881988
50%
HOA$420$498
24%
Days on market15158
1%
Condition Rating
Fair

The property, built in 1988 (36 years old), falls within the 'Fair' category as it was built over 20 years ago and shows signs of being outdated in key areas. While the listing mentions 'newer paint' and 'newer carpet,' these are cosmetic updates. The kitchen, as seen in the images, features light wood cabinets and white tile countertops and backsplash, which are characteristic of its original construction era or an older renovation (likely 15-30 years ago) and are now considered dated. Although appliances include stainless steel oven/microwave, the overall kitchen style requires significant updating to meet current aesthetic standards. No bathroom images are provided, but given the kitchen's condition, it's reasonable to assume bathrooms may also be dated. Major systems like central air are functional, and the property appears well-maintained, but it requires minor updates to modernize its style and features.
Pros & Cons

Pros

Exceptional Views: The residence boasts stunning panoramic views including city lights, hills, mountains, and valleys, significantly enhancing its appeal and value.
Single-Level & Accessible Design: Featuring a desirable 'step-free' single-level floor plan, this property offers broad appeal and ease of living for various demographics.
Premier Coastal Proximity: Located minutes from the Pacific Ocean, world-renowned beaches (Salt Creek), luxury resorts (Waldorf Astoria, Ritz Carlton), and offering convenient freeway access.
End-Unit with Extended Green Space: As an end-unit, it benefits from contiguous, association-maintained parkland, providing a unique sense of a larger private yard.
Immediate Investment Income: Currently leased at $3895 per month through April 30, 2026, offering a stable and immediate income stream for investors.

Cons

Extended Lease Term: The property is leased through April 2026, which restricts immediate owner-occupancy and limits flexibility for buyers seeking to move in sooner.
Monthly HOA Dues: A monthly association fee of $420 represents a notable recurring cost that adds to the overall housing expense.
Original Construction Age: Built in 1988, while some updates are noted (paint, carpet, central air), other core systems and components may be original and could require future maintenance or upgrades.

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