Laguna Beach Real Estate Blog

Mar 10

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Rarely do we see a detached single family home come on the market in Laguna Beach for under $4 million dollars but this week buyers have the opportunity to own a home directly above the sandy beach in South Laguna.  31081 Coast, Laguna Bech is currently on the market for $3,999,000.  It was listed 7 days ago and is the talk of the town among local real estate agents and buyers alike.  The 3 bedroom, 2 bath home features 1,536 square feet and located on a 6,750 ocean front lot that offers beach access.

A lot of buyers have been asking us what is the catch?  Well, the home was built in 1956 and is being sold "as-is" and for land value which means the actual interior living space is possibly far from turnkey.  This is a one level home that can be seen in

Feb 6

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There are several streets in Laguna Beach that have some of the most sought after real estate no matter if you are looking to buy or lease a home.  One of the more popular places to find rental properties in Laguna Beach is on Cliff Drive.  The summer rental season has already gone into full speed with many clients booking there summer travel dates.  Many of the popular ocean view units that overlook Main and Fisherman's Cove Beach have already been booked up.  Laguna Beach is a very high season vacation rental destination with hundreds of thousands of tourists visiting each summer.  These rentals are typically leased out as a furnished rental on a weekly basis.

One of the huge benefits of renting a home on Cliff Drive is being able to walk to

Jan 13

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There are many terms that are solely related to real estate and often are not understood by the general public.  The term pocket listing is generally understood but sometimes confused on how it actually works.  There are two forms of pocket listings with a brief explanation here.  First, a pocket listing is a home that is not on the open market for sale but the owner has told one or more agents that he would be willing to sell at the right price.  The property is not on the open market but communicated between real estate agents and there potential buyers.  One type of pocket listing is where the agent has a signed agreement with the owner to be the exclusive agent but for some reason doesn't want the home on the multiple listing service.  This can be for

Dec 6

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This has been a record year for real estate sales in Laguna Beach.  We have seen some incredible homes sell at amazing prices and some of the most premium properties coming on the market for sale.  By far the most exciting part of the year was seeing the iconic Twin Points home come on the market for sale.  Twin Points is a rare property that sits on a huge ocean front parcel of land that splits into two points, hence the name "Twin Points."  The land can be seen from many coastline spots and we never thought we would see this iconic property come on the market this year.

Twin Points is located at 1101 Marine Drive in Laguna Beach.  The home sold for $45,000,000 and closed escrow on 02/02/2016.  It was originally listed at $75,000,000 and was on the

Nov 8

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One of the more interesting aspects in real estate is buying a lease hold interest in a property.  A lease hold interest is basically defined as having the exclusive right to possession of a property for a certain period of time.  This is often created buy the way of a written lease.  A beach front condo in the Laguna Lido building in South Laguna is now offering a lease hold interest for sale for $799,000.  The seller in this case is referred to as the lessees who has occupies the property until the year 2059 when it reverts back to the lessor.  The seller pays for all homeowners association dues, lease, taxes and utilities on the condo.  The best way to describe this is that it's basically a very long lease of an approximate 42 years.  So if you broke

Oct 24

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Located next to the Montage Resort & Spa in Laguna Beach is a small and upscale neighborhood with 13 existing residential homes.  There is only 1 remaining lot for sale in this development which has recently been listed for sale at $14,888,000.  The ocean view lot is located on the 2nd row of the community and features panoramic views on it's 0.29 acre lot.  Residents who live here get the same access to the Montage Resort as if you were staying at the hotel.  Some of these service include in-room dining, concierge, access to spa and restaurants, fitness center, use of the resort pool.  

So how does the nearly $15,000,000 price point compare to other sales in the community?  Back in September of 2012, 3 Montage Way was on the market for $24,995,000 and

Oct 12

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A lot of properties on the market have the potential to be good potential flip properties if they are bought at the right price.  It's the old saying that you make money when you buy real estate and not when you sell.  Buying at a low price will often result in instant equity and leverage the property for sale in the future for a profit. Laguna Beach is one of the most expensive real estate markets in Southern California so it takes a lot of money to "get in the game" versus other neighboring cities.  This also adds a lot of risk and carrying costs while the home is being maintained.  Flip properties have been sensationalized on television as properties that need extra TLC and with enough sweat equity and quality craftsmanship to fix up the property the

Jun 8

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Laguna Beach is widely known for having very expensive land that causes homes to be located close to each other and built on small residential lots.  Many of these homes were built during the turn of the century as small vacation cottages from those who lived in the Los Angeles area.  It's not uncommon to find a 400 square foot home in the South Laguna area and commonly referred to as a "Laguna Beach Charmer" that typically features a small living room, kitchen, bathroom and a small bedroom.  Even with the small square footages these homes can be very expensive with the average medium price for a single family home starting at $600,000.

One of the most unusual tiny house that's currently on the market is located in the North Laguna area and situated

May 19

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Alta Laguna Park is located in the Top of the World neighborhood and is situated at one of the highest points in Laguna Beach.  The park is a great place to enjoy the sunny weather with six tennis courts, baseball field and sports court.  The park is open to the general public with many of the residents in the Top of the World using it due to it's close proximity.  Laguna Beach is well known for having neighborhoods that surround a park area.  The Arch Beach Heights neighborhood is also located at one of the highest points in Laguna Beach and offers a large park area that is a focal point of the neighborhood.  The gated community of Emerald Bay also features a large park area with multiple tennis courts, community pool and beach volleyball.  Real Estate

May 11

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Buying a home in Laguna Beach most of the time comes with owning a home on a small parcel on land.  Land in Southern California is very scarce and typically very expensive, especially in beach communities like Laguna Beach.  For those looking for larger pieces of land the idea of buying a home on a double lot may appeal to those who can afford it.  A double lot is basically two parcels of land in any particular neighborhood that have been combined but only have one house that occupies both lots.  Here is a brief description of the six double lot homes currently for sale in Laguna Beach.

One of the most popular spots to find these types of homes is in the Arch Beach Heights neighborhood.  Currently, there are 6 properties in this neighborhood that are