1337 Terrace Way, Laguna Beach, CA 92651
1337 Terrace Way, Laguna Beach, CA 92651
Property Description
Situated on an expansive, private lot perched just above the Village in Lower Temple Hills, this home presents an exceptional opportunity to transform a spacious residence in an incredible setting. Showcasing breathtaking sit-down ocean and canyon views, the home spans approximately 3200 square feet and features four bedrooms plus a lower-level bonus room or potential mother-in-law suite complete with its own entrance, bathroom, kitchenette, and covered patio and deck area with unforgettable views. The expanded kitchen and sunroom area were thoughtfully designed to take full advantage of the spectacular views, while an expansive deck offers the perfect setting for entertaining against the stunning coastal backdrop. Generous square footage, a flexible floor plan, and an exceptional homesite provide the foundation to create something truly special. Ideally located just moments from downtown Laguna Beach and the renowned beaches that make this community so special.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Laguna Village · Laguna Beach · Single Family Residence
Listed 15.1% above the median closed sale of $2,950,000. Closed comps sold at 94% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1900 Catalina Street | Laguna Beach | 1964 | 3 | 4 | 2,873 | 7,500 | $1,878 | $5.39M | 61 | 95 |
| 802 Summit | Laguna Beach | 2015 | 4 | 4 | 3,337 | 5,912 | $1,438 | $4.80M | 82 | 93 |
| 630 Diamond Street | Laguna Beach | 1958 | 4 | 5 | 3,665 | 10,902 | $3,000 | $10.99M | 362 | 84 |
| 1414 Dunning Drive | Laguna Beach | 2020 | 4 | 4 | 3,386 | 7,000 | $1,558 | $5.28M | 1 | 83 |
| 1414 Mar Vista Way | Laguna Beach | 1966 | 5 | 4 | 2,885 | 7,800 | $1,196 | $3.45M | 44 | 81 |
| Total: 5 · Average | 4.0 | 4.2 | 3,229.2 | 7,822.8 | $1,814 | $5.98M | 110 | |||
| Median | 3,337 | $5.28M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 431 Nyes Place | Laguna Beach | 1980 | 09/14/2026 | 4 | 4 | 3,039 | 11,400 | $3.10M | $2.95M | $971 | 0.95 | 157 | 88 |
| 2365 Hillview Drive | Laguna Beach | 1981 | 09/14/2026 | 3 | 4 | 2,945 | 7,700 | $3.00M | $2.75M | $934 | 0.92 | 85 | 80 |
| 1585 Del Mar | Laguna Beach | 1976 | 06/30/2026 | 4 | 3 | 2,905 | 7,500 | $2.40M | $2.10M | $723 | 0.88 | 69 | 80 |
| 725 Balboa Avenue | Laguna Beach | 1978 | 05/21/2026 | 4 | 3 | 3,316 | 6,100 | $4.20M | $4.30M | $1,297 | 1.02 | 35 | 79 |
| 1401 Bounty Way | Laguna Beach | 1995 | 10/01/2026 | 5 | 4 | 3,332 | 8,460 | $5.50M | $5.08M | $1,523 | 0.92 | 66 | 78 |
| Total: 5 · Average | 4.0 | 3.6 | 3,107.4 | 8,232 | $3.44M | $3.44M | $1,089.6 | — | 82.4 | ||||
| Median | 3,039 | $2.95M | $2.95M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.