32229 Coast Hwy, Laguna Beach, CA 92651
32229 Coast Hwy, Laguna Beach, CA 92651
32229 Coast Hwy, Laguna Beach, CA 92651
11
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Listed by Rob Smith • Compass
$95,000,000
Est. payment /mo
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10 Beds
8 Baths
4,900 SqFt
Active

32229 Coast Hwy Laguna Beach, CA 92651

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Glenn Dormer

Glenn Dormer

+1(805) 660-0739

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,900 sqft

Price per Sqft $19,387

MLS Listing ID NP-26126003

Bedrooms 10

Full Baths 3

Half Baths 1

Three Quarter Bath 4

Year Built 1930

Lot Size 3.700 Acres

Property Sub-Type Single Family Residence

Source California Regional Multiple Listing Service (CRMLS)

Property Description

This iconic oceanfront property represents the opportunity to redefine an entire piece of prime coastline. Comprising approximately 3.7 acres across eleven contiguous parcels and commanding nearly 320 feet of sandy shoreline, this extraordinary Laguna Beach collection represents one of the most significant residential development opportunities ever offered along the Southern California coast. Positioned above a secluded cove at the southernmost tip of Thousand Steps Beach with panoramic views spanning the Pacific Ocean, Catalina Island, and the dramatic Laguna shoreline, the property combines unparalleled scale, irreplaceable location, and exceptional development potential in a manner rarely encountered and unlikely to be replicated. The true value of this offering lies not in the existing improvements, but in the opportunity to create a landmark coastal residential development capable of establishing a new benchmark for luxury living in one of California's most supply-constrained and globally sought-after markets. With an enviable trove of parcels, substantial ocean frontage, and advanced planning considerations already investigated, the property presents a unique opportunity to develop a transformative family compound or oceanfront community consisting of custom luxury residences, ultra-premium condominiums, or a thoughtfully integrated mixed residential vision designed to maximize both value and long-term market significance. While the property's highest and best use may be realized through its development potential, the estate also offers the rare alternative of creating one of the most significant multigenerational oceanfront compounds on the West Coast; an extraordinary private retreat capable of spanning generations and serving as a lasting family legacy. Further enhancing the investment profile, three newly renovated residences currently occupy the property and may provide interim rental income or executive housing accommodations while development plans, entitlements, and approvals are finalized; helping to offset holding and maintenance costs throughout the planning process. Opportunities of this magnitude are extraordinarily rare. A coastal assemblage of this scale, frontage, and development potential represents more than a real estate acquisition; it is an opportunity to shape the future of one of the most coveted stretches of coastline in Southern California and to create a project destined to become a defining landmark for generations to come.

Location

State CA

County Orange

Area Sl - South Laguna

Interior

Cooling Zoned

Fireplaces Type Fire Pit

Laundry Inside

Exterior

Garage Spaces 5.0

Pool None

Community Features Curbs, Fishing, Foothills, Gutters, Hiking, Preserve/Public Land, Ravine, Street Lights, Suburban, Watersports

View Y/N Yes

View Bluff, Catalina, City Lights, Coastline, Ocean, Panoramic, Trees/Woods, Water, White Water

Building

Lot Description Landscaped, Lawn, Lot Over 40000 Sqft, Sloped Down, Value In Land, 0-1 Unit/Acre, Bluff

Sewer Public Sewer

NEARBY SCHOOL & BUSINESS

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Glenn Dormer

Glenn Dormer

Managing Partner | License ID: 01268924

+1(805) 660-0739

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32229 Coast Hwy