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 ended up selling for $20 million dollars. The home was located on the front row and had unobstructed ocean views. It featured six bedrooms with a reported 7,800 square feet and was built brand new in 2010. This is a superior location then where the lot is located for sale but keep in mind that the market has improved a lot since 2012 so market value could be much higher for a property like this in today's market. The only other sale took place back in 2009 when the market values were much lower and 23 Shreve Drive sold for $17,700,000.
Real Estate in Laguna Beach is a limited commodity so for for those who like the best of the best and wanted to custom tailor exactly what they want in their luxury home this may be the perfect opportunity. Please reach to local Laguna Beach Real Estate agent Scott Lytle at 949-525-1151 for more information on this lot for sale.