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 front home in the Montage Resort Villas closed escrow for $20,000,000. This 7,800 square foot home boasted one of the best locations at the Montage which included all the amenities that the hotel would provide. In total, 12 ocean front homes have sold in the past 365 days with 3 additional properties currently in-escrow. Below is a full list of these sold properties.