SoCal buyers and shoppers are well aware that water views come with a premium. And for those developers with the cash and creativity, a newer Laguna Beach listing is offering an incredible oceanfront opportunity!
As first reported by the O.C. Register, 3.7 acres of Coast Highway have been packaged for a ultra lux listing of $46.5 million. Comprised of 11 parcels plus a private road, the compound currently includes three separate homes (noted in the listing to be “modest dwellings”) and the other remaining unimproved parcels that adjoin them.
Although noted as a development opportunity, the compound does currently include some features that may be worth holding on to, including an oceanfront salt-water pool, basketball court, garden areas, terraces and overlooks. There is also private, gated access to the beach below.
The compound is bordered by the Three Arch Bay on one side, Pacific Coast Highway on another, and South Coast Highway to the north.
Robert Giem of Compass holds the listing.