Abalone Point Laguna Beach

A lot has changed in the real estate market in Laguna Beach with inventory going down and home prices going up.  This is especially true for ocean front properties in Laguna Beach that never seems to loose it's allure to luxury home buyers.  In the past 12 months we have seen record sales but high and low for these kind of properties. 

On the low side, a Three Arch Bay ocean front home sold for $4,460,000.  I showed this house to a client of mine from Minnesota and he was shocked to learn that this 1,886 square foot 3 bedroom home had sold for this price point.  I explained that most ocean front home prices typically start around $4.5 million and up and this is a perfect example of this irregardless of the size of the home. 

On the high side, an ocean

What a difference a couple years makes for real estate in the Irvine Cove community.  In the last several months we have two homes in the Irvine Cove community listed as the most expensive homes in Laguna Beach with a brand new listing for $31.5 million dollars making Irvine Cove home to 4 homes listed over the $30 million dollar price point.  Has Irvine Cove become a $30 million dollar plus community?

All of these high end homes are located on the ocean front in the area known as Abalone Point which was originally designated to the Irvine Family.  The home where you will find the $65 million dollar ocean front home was originally one large parcel that was then divided up into 3 lots.  Home sales in the Irvine Cove has been strong in the last 12 months

Everyone from real estate agents to home buyers are talking about the low inventory of housing in Southern California and how frustrating it is to find a suitable property at a reasonable price in today's real estate market.  A lot of times these hidden gems may be out there but not visible on the open real estate market and hidden from being seen anywhere on the Internet.  Sometimes the best deals are those that are on "hold" status for one reason or another.

A real estate agent will put a home "on hold" for a wide range of reasons.  Sometimes seller's will have some kind of an emergency come up and still want to sell the home but are unable to cooperate with showings during a short period of times.  In other cases we see a lot of short sale and bank

What an amazing last couple of weeks we have had for luxury real estate listings in the Irvine Cove area of Laguna Beach.  On March 4th, 2013 we saw the highest price home come on the market in Laguna Beach for $65,000,000 as pictured below. This 17,000 square foot ocean front home has recently finished construction in 2010 and boasts being the "possibly the largest Laguna Beach Ocean Front Estate."

The home was being offered for sale several months back but never officially came on the  market until last week.  The home sits on the ocean front street of Riviera in the luxury guard gated community of Irvine Cove.  In the last couple of years we have seen a surge of construction in this area possibly due to the increasing prices in this community.

On

Irvine Cove in North Laguna is one of the best kept secrets in Laguna Beach for home buyers looking to live in an exclusive gated community.  One of the main reasons most people have not seen this beautiful community in beach is due to the 24 hour guard gate that only allows entrance for residents and their guests.  The beach is surrounded on by majestic cliffs on both sides of the beach that don't allow access from adjoining beaches.  In the summer time you will see boats and yachts passing by but for the most part the views are only enjoyed by residents of Irvine Cove.

Entrance into Irvine Cove doesn't come cheap and is known to be one of the most expensive gated communities in Laguna Beach. In fact, homes for sale in the neighborhood have been

Laguna Beach estate homes are can be found in many different areas of Laguna Beach but if you are in the market for a luxury estate home in a gated community we recommend the following neighborhoods: Three Arch Bay, Emerald Bay & Irvine Cove. 

First, Three Arch Bay is a great place to start.  The community is located in the South Laguna area and features homes located on both the east & west side the freeway.  Commonly referred to as "lower" and "upper" Three Arch Bay with various price ranges depending on the size and view, proximity to the beach and the views.  The inventory of homes is really low in the Lower Three Arch Bay, especially for four bedroom plus ocean view properties.  The great thing about Three Arch Bay is the easy walk down to the

As Reported today in the OC Register, a $65 Million dollar Irvine Cove home has come on the market (except for the Multiple Listing Service) and is reported the most expensive home in Laguna Beach & Orange County, California.  Located on the Abalone Point in North Laguna Beach, a special enclave of luxury homes at the very point in Irvine Cove that was originally reserved for the Irvine family. 

The estate feature 18,000 square feet ocean front estate was recently constructed in 2010 and sits on the corner of Riviera & Monaco Drive and above the Irvine Cove beachfront clubhouse.  According to the article "the property has four bedrooms, nine bathrooms and two formal powder rooms, two separate offices, a wine cellar and tasting room, a home theater with

Ocean View homes are plentiful here in Laguna Beach with the natural hillside topography that you will find throughout the city.  If you are looking for an ocean view property near the beach then expect prices to go up significantly.  This is especially true for finding an ocean view property in a premier gated community like Three Arch Bay, Emerald Bay and Irvine Cove.  Irvine Cove is located on the Laguna Beach & Newport Beach boarder next to the Crystal Cove state beach.  The Irvine Cove area is a smaller community homes to roughly 110 homes that are located on both the west and east sides of the coast highway. If you are looking for homes located on the front row of Irvine Cove you need to look at homes located on Riviera Drive and Monte Carlo Drive.