217 Wave Street, Laguna Beach, CA 92651
217 Wave Street, Laguna Beach, CA 92651
Property Description
NORTH LAGUNA BEACH - Located in the highly desirable North Laguna Beach neighborhood, this original and charming single-family residence is situated on an approximately 4,350 square foot lot with valuable street-to-alley access. The property features a private rear yard and a detached oversized garage, offering exceptional potential for future improvements. This one-bedroom, one-bath home presents a rare opportunity to renovate, expand, or create a custom coastal retreat. Adding to its appeal, plans for an Accessory Dwelling Unit (ADU) are 100% through the City approval process, providing a significant head start for the next owner. In addition, plans for the main residence, thoughtfully designed by Olivos Architects, are currently pending City approval. Ideally located just moments from Laguna Beach's renowned beaches, galleries, restaurants, shops, and local amenities, this property offers the perfect blend of homeownership and the coveted coastal lifestyle. Whether you choose to restore the existing home, build upon the approved vision, or complete the architectural plans already in progress, this exceptional property provides an exciting canvas to create your dream home in one of Laguna Beach's most sought-after neighborhoods.
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Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
North Laguna · Laguna Beach · Single Family Residence
Listed 54.2% below the median closed sale of $4,150,000. Price per sqft ($1,157) is a 55% discount to closed comps ($2,571). Closed comps sold at 109% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 2936 Alexander Road | Laguna Beach | 1969 | 2 | 2 | 1,245 | 2,265 | $2,406 | $3.00M | 88 | 51 |
| 31711 Fairview Road | Laguna Beach | 1936 | 2 | 2 | 1,126 | 5,000 | $1,953 | $2.20M | 113 | 45 |
| 1056 Glenneyre Street | Laguna Beach | 1927 | 2 | 2 | 1,224 | 3,000 | $1,879 | $2.30M | 635 | 41 |
| 31862 Cypress Lane | Laguna Beach | 1963 | 2 | 2 | 1,100 | 2,100 | $1,814 | $2.00M | 173 | 37 |
| 24 La Costa ct. | Laguna Beach | 1987 | 2 | 3 | 1,289 | 1,289 | $1,008 | $1.30M | 54 | 33 |
| Total: 5 · Average | 2.0 | 2.2 | 1,196.8 | 2,730.8 | $1,812 | $2.16M | 212.6 | |||
| Median | 1,224 | $2.20M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 461 Linden Street | Laguna Beach | 1922 | 09/15/2026 | 3 | 3 | 1,611 | 5,125 | $3.90M | $3.73M | $2,312 | 0.96 | 63 | 82 |
| 1665 Hillcrest Drive | Laguna Beach | 1952 | 05/22/2026 | 3 | 2 | 1,600 | 5,460 | $3.38M | $4.15M | $2,594 | 1.23 | 26 | 80 |
| 401 Ledroit | Laguna Beach | 1954 | 09/09/2026 | 4 | 3 | 2,019 | 6,000 | $4.85M | $5.10M | $2,526 | 1.05 | 24 | 71 |
| 1575 Via Majorca | Laguna Beach | 1953 | 07/31/2026 | 3 | 3 | 1,900 | 6,900 | $4.00M | $4.25M | $2,237 | 1.06 | 70 | 71 |
| 475 Jasmine | Laguna Beach | 1946 | 06/25/2026 | 2 | 1 | 1,098 | 6,125 | $3.00M | $3.50M | $3,188 | 1.17 | 34 | 70 |
| Total: 5 · Average | 3.0 | 2.4 | 1,645.6 | 5,922 | $4.14M | $4.14M | $2,571.4 | — | 43.4 | ||||
| Median | 1,611 | $4.15M | $4.15M | ||||||||||
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.