31423 Coast 51, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE$4,995,000
31423 Coast 51, Laguna Beach, California 92651
3Beds
2Baths
1,579Sqft
Lot
Year Built
1962
Close
-
List price
$5M
Original List price
$5.4M
Price/Sqft
-
HOA
$2,390.03
Days on market
-
Sold On
-
MLS number
OC24214287
Home ConditionExcellent
Features
Excellent View: Catalina, Coastline, Ocean, Rocks
Deck
ViewCatalina, Coastline, Ocean, Rocks

About this home

Wake up each morning to the soothing rhythm of the ocean, with endless horizons, sparkling tidepools, and sweeping whitewater views, all from your own private coastal retreat. Situated in the prestigious, guard-gated beachfront community of Laguna Royale overlooking iconic West Street Beach, this spacious and rarely available 3-bedroom residence has been meticulously remodeled with high-end finishes and modern conveniences—including in-unit laundry—for effortless luxury living. The open-concept kitchen, living, and dining areas flow seamlessly onto a full-length, ocean-facing balcony, ideal for taking in the breathtaking views of the Pacific Ocean and Laguna’s picturesque North Coast. While many homes promise ‘resort-style living,’ Laguna Royale truly delivers. With two expansive communal decks featuring outdoor seating, a heated oceanfront pool and spa, a fitness center, and 24/7 security, this exclusive community offers an unparalleled coastal lifestyle. Additionally, residents enjoy the convenience of an on-site property manager, elevator that serves every floor, two reserved parking spaces, and private, gated access to one of Laguna Beach’s most coveted destinations—West Street Beach. Here, every day feels like a luxurious vacation you can call home.

Nearby schools

9/10
El Morro Elementary School
Public,K-55.1mi
9/10
Thurston Middle School
Public,6-83.1mi
9/10
Laguna Beach High School
Public,9-123.0mi

Price History

Date
Event
Price
08/30/25
Price Change
$4,995,000
10/15/24
Listing
$5,400,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (16 Listings)
Beds32
82%
Baths22
50%
Square foot1,5791,180
76%
Lot Size042,468
Price$5M$1.32M
88%
Price per square foot$3,163$1,315
94%
Built year19621964
47%
HOA$2,390.03$852
88%
Days on market386233
88%
Condition Rating
Excellent

Despite being built in 1962, the MLS description explicitly states the residence has been 'meticulously remodeled with high-end finishes and modern conveniences.' The provided images strongly support this claim. The kitchen features modern wood cabinetry, high-end stainless steel appliances (including a Viking range and hood), contemporary stone countertops and backsplash, and modern pendant and recessed lighting. The flooring throughout the main living areas and bedroom is a consistent, well-maintained light-colored tile. The overall aesthetic is fresh, contemporary, and shows no signs of wear or deferred maintenance. While no direct bathroom images were provided, the consistent high quality of the visible areas suggests a similar standard of renovation. This property meets the criteria for 'Excellent' due to its extensive, recent, and high-quality renovation, making it virtually new in terms of condition and style.
Pros & Cons

Pros

Prime Beachfront Location & Panoramic Views: Situated in a prestigious, guard-gated beachfront community, this residence offers unparalleled sweeping whitewater, coastline, and Catalina Island views from its direct oceanfront position.
Luxurious Resort-Style Amenities: Residents enjoy exclusive access to a heated oceanfront pool and spa, fitness center, expansive communal decks, 24/7 security, and private, gated access to West Street Beach.
Extensively Remodeled Interior: The unit has been meticulously remodeled with high-end finishes, modern conveniences, and an open-concept design, including in-unit laundry, providing a move-in ready luxury experience.
Spacious 3-Bedroom Layout with Oceanfront Balcony: A rarely available and spacious 3-bedroom configuration is complemented by a full-length, ocean-facing balcony, ideal for outdoor living and enjoying the breathtaking views.
Highly-Rated School District: The property is located within the Laguna Beach Unified School District, which features top-rated elementary, middle, and high schools (all rated 9).

Cons

Substantial Monthly Association Fees: The association fee of $2,390.03 per month is exceptionally high, representing a significant ongoing cost of ownership that could deter some buyers.
Age of Building Structure: Built in 1962, the building is over 60 years old. While the unit is remodeled, the age of the overall structure could imply potential for future common area maintenance issues or special assessments.
Premium Price Point & Recent Price Adjustment: The current list price of nearly $5 million, even after a recent reduction from $5.4 million, positions this property at the very top tier of the market, potentially limiting the pool of prospective buyers.

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