Laguna Beach Luxury Real Estate

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

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

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

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

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

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

Laguna Beach has a wide variety of housing offered for sale that includes residential income duplex properties.  These are very common in this beach town and often feature wonderful views of the Pacific Ocean.  In the last week there have been 3 new ocean view listings to come on the market that offer the ability to rent out one side of the property while living in the other side.  For many this makes more economical sense and helps pay the high monthly mortgage payment that many Laguna Beach properties will carry.  Here is a quick guide to these listings.

1249 Ocean Front is a luxury duplex property located on the ocean front.  The views don't get more dramatic than this with crashing waves directly below you while being located just a short distance

The North Laguna area of Laguna Beach has many ocean front homes and neighborhoods to choose from. North Laguna has traditionally been a bid draw for residents who live here due to the large upscale homes that reside along the coastline. Some of the largest and most expensive neighborhoods are also located here which include Smithcliffs, Irvine Cove and Emerald Bay. When looking for an ocean front property it’s important to keep these things in mind.

First, do you want to live in a gated community? This is one of the first questions we ask clients when they start their real estate search in Laguna. If the answer is yes, then this narrows the search down tremendously since there are only a few gated communities that exist in Laguna Beach. In South

Laguna Beach offers some of the most expensive real estate for sale in Southern California and owners who put their home on the market know that their home must be in good condition in order to get top dollar.  There will occasionally be opportunities in the Laguna Beach market for listings that need rehab renovation to them.  The kind of rehab needed will vary depending on the property but typically these are excellent properties for those who don't mind working on a project.  

A new ocean view listing has come on the market in the Temple Hills neighborhood and is being advertised as a rehab opportunity.  The property currently features 2,100 square feet but has plants and approvals from the city of Laguna Beach to add up a 450 square feet addition.

The Upper Diamond area in Laguna Beach, California is perched at one of the highest points in the entire city and offers spectacular panoramic ocean views.  This is also one of the best areas to find large and newer constructed estate homes built in the Mediterranean, Contemporary and Traditional architectural styles.  For those who have driven on Diamond street have experienced a discontinuance of the road that connects the lower & upper Diamond streets.  This has been this way for many years and the city has no plans to connect the street in this small parcel of land.  The upper section of Diamond is where some of the most beautiful homes can be found as well as many lots for sale.  Land prices will typically start in the low $700,000 range and offer