
1902 Ocean Way, Laguna Beach, CA 92651
1902 Ocean Way, Laguna Beach, CA 92651
Property Description
Brand-new and scheduled for completion in the first quarter of 2027, this exceptional coastal residence is sited on a premier elevated lot with sweeping views of the Pacific Ocean and Catalina Island, offering a rare opportunity in Laguna Beach’s coveted Woods Cove neighborhood. Currently under construction, with renowned architect Rory Foubister, and interiors and material curation by Kaytia Designs, the home is being reimagined into a sophisticated five-bedroom, five-and-one-half bath retreat. The offering includes a fully permitted approximately 1,000-square-foot ADU with its own ocean views and private kitchen. The residence blends timeless coastal architecture with refined material selections. Exterior features include clear vertical-grain cedar siding, AAA Stone Tundra Cream accents, limestone hardscape, Thermory ash wood used in select exterior applications including fencing and architectural detailing, and curated exterior lighting. Outdoor living is designed for entertaining with multiple seating areas, a spa, outdoor kitchen, and dramatic gas fire features. Interiors showcase wide-plank European French white oak flooring, limewash walls, and custom bleached white oak bespoke cabinetry throughout both the main residence and ADU. The chef’s kitchen features Perla Venata stone countertops, an oversized island, secondary prep kitchen, and professional-grade appliances including Sub-Zero refrigeration, BlueStar cooking, and Miele systems. Bathrooms are appointed with natural stone, Zellige tile, slab stone in the primary bath, steam shower, Toto fixtures, and washlets. Additional highlights include custom interior doors, Visual Comfort and Prado lighting, Town & Country gas fireplaces, zoned HVAC, Lutron lighting, and home automation. The home is being sold complete, with construction scheduled for completion in Q1 of 2027.
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 190.6% above the median closed sale of $4,300,000. Price per sqft ($4,081) is a 229% premium to closed comps ($1,239). 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 251 Highland | Laguna Beach | 2026 | 5 | 6 | 3,060 | 7,000 | $1,879 | $5.75M | 117 | 91 |
| 1955 San Remo Drive | Laguna Beach | 2026 | 5 | 5 | 3,235 | 6,958 | $1,853 | $6.00M | 136 | 88 |
| 2049 Ocean Way | Laguna Beach | 2006 | 4 | 4 | 2,777 | 6,350 | $3,959 | $10.99M | 159 | 87 |
| 1907 Ocean Way | Laguna Beach | 2000 | 4 | 4 | 3,628 | 7,290 | $4,822 | $17.50M | 310 | 79 |
| 1665 Viking Road | Laguna Beach | 1937 | 4 | 5 | 2,633 | 9,180 | $4,102 | $10.80M | 110 | 77 |
| Total: 5 · Average | 4.4 | 4.8 | 3,066.6 | 7,355.6 | $3,323 | $10.21M | 166.4 | |||
| Median | 3,060 | $10.80M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 956 Tia Juana | Laguna Beach | 1978 | 09/02/2026 | 5 | 3 | 2,769 | 5,000 | $2.75M | $2.70M | $974 | 0.98 | 56 | 83 |
| 725 Balboa Avenue | Laguna Beach | 1978 | 05/21/2026 | 4 | 3 | 3,316 | 6,100 | $4.20M | $4.30M | $1,297 | 1.02 | 35 | 81 |
| 1585 Del Mar | Laguna Beach | 1976 | 06/30/2026 | 4 | 3 | 2,905 | 7,500 | $2.40M | $2.10M | $723 | 0.88 | 69 | 81 |
| 1401 Bounty Way | Laguna Beach | 1995 | 10/01/2026 | 5 | 4 | 3,332 | 8,460 | $5.50M | $5.08M | $1,523 | 0.92 | 66 | 80 |
| 840 Gainsborough | Laguna Beach | 2025 | 08/13/2026 | 4 | 5 | 3,573 | 9,578 | $6.00M | $6.00M | $1,678 | 1.00 | 93 | 78 |
| Total: 5 · Average | 4.4 | 3.6 | 3,179 | 7,327.6 | $4.03M | $4.03M | $1,239 | — | 63.8 | ||||
| Median | 3,316 | $4.30M | $4.30M | ||||||||||
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.