NOT LISTED FOR SALE

Estimated Value: $7,541,137 - $8,582,000

0.23 Acre
$34,158,843 Price per Acre
10,019 Sq Ft Lot

Sale Details

Date Sold: July 5, 2022

Last sale price $7,400,000 $5,390 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $48,768 / mo

152 Days on Market

Highlights

  • Ocean Front
  • Ocean Side of Highway 1
  • Property is near public transit
  • Top Of The World Elementary School Rated A+
  • 0.23 Acre Lot
  • Private Yard

About This Lot

As of July 2022

Exceptionally large oceanfront lot situated on a low bluff above Agate Street Beach! Plans by internationally acclaimed local architect Horst Noppenberger are included. Build your custom dream home in this ideal Woods Cove / Hip District location, on one of the best beaches in central Laguna. Watch the sun set over Catalina Island as the waves crash over reefs and on the sand directly below your home. Numerous shops and restaurants are within a few blocks or a short distance down the beach, which stretches all the way to downtown and north Laguna past multiple interconnected coves and locally known surf breaks. Partial site preparation has been completed. Several years and large sums of capital have already been invested to the benefit of the new owner. Horst’s plans are for a 4,097-square-foot modern eco home with 4 bedrooms and 4.5 baths, high ceilings, disappearing glass walls, pool and spa, and fine finishes by Ohara Davies-Gaetano. Plans are in the approval process: Planning & Zoning approval has been achieved and a Design Review date is imminent. The parcel is relatively flat, with a sloping bluff that is only about 30 feet above the sand. The street is a privately gated cul-de-sac with just 3 homes and plenty of private parking. This is an excellent opportunity to customize finishes while building your ideal oceanfront dream home.

Last Agent to Sell the Property

Chris Guziak

Coldwell Banker Realty License #01487719 Listed on: 01/02/2022

Coldwell Banker Realty

Co-Listed By

Nicole Barrick

Coldwell Banker Realty License #02069371

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Property Type

  • Land

Lot Details

  • 10,019 Sq Ft Lot
  • Ocean Front
  • Gentle Sloping Lot
  • Private Yard
  • Value in Land
  • Tear Down
  • Property is zoned R1

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 1021
  • Assessor Parcel Number 64421804

Community Details

Overview

  • No Home Owners Association
  • Woods Cove Subdivision

Recreation

  • Water Sports
  • Property has ocean access
  • Ocean Side of Highway 1

Property Details

Property Type

Land

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Subdivision Name Other: Woods Cove (WC)
  • View: Yes
  • Zoning: R1
  • Property Type: Land
  • Parcel Number: 64421804
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 738.60

Exterior Features

  • View: Catalina, Coastline, Ocean, Panoramic, Water, White Water

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Watersports, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Gentle Sloping, Lot 10000-19999 Sqft, Near Public Transit, Tear Down, Value In Land, Yard
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Multi Family

  • Lot Size Area: 10019.0000 Square Feet
  • Waterfront Features: Ocean Access, Ocean Front, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 626.20
  • Tax Lot: 2
  • Tax Tract Number: 1021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2022
Closed on
Jun 17, 2022
Sold by
Williams Matthew E
Bought by
Rossi80 Llc
Seller's Agent
Chris Guziak
Coldwell Banker Realty
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$7,875,000
Sold Price
$7,400,000
Premium/Discount to List
-$475,000
-6.03%
Current Estimated Value
$7,856,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,534
Avg. Annual Appreciation
1.62%
Original Mortgage
$6,500,000
Outstanding Balance
$6,068,286
Interest Rate
3.85%
Mortgage Type
Construction
Estimated Equity
$1,788,248

Purchase Details

Closed on
Jun 30, 2011
Sold by
Brown Thomas K
Bought by
Williams Matthew E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,948,750
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 16, 1993
Sold by
Brown Robert L
Bought by
Brown Robert L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rossi80 Llc $7,400,000 First American Title
Williams Matthew E $6,075,000 Fidelity National Title
Brown Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rossi80 Llc $6,500,000
Previous Owner Williams Matthew E $3,948,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2022 07/05/22 Sold $7,400,000 -10.8% $5,390 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
05/04/2022 05/04/22 Price Changed $8,295,000 +5.3% $6,042 / Sq Ft
05/03/2022 05/03/22 For Sale $7,875,000 +6.4% $5,736 / Sq Ft
04/18/2022 04/18/22 Off Market $7,400,000 -- --
01/03/2022 01/03/22 Price Changed $7,875,000 -11.3% $5,736 / Sq Ft
01/02/2022 01/02/22 For Sale $8,875,000 -- $6,464 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $77,476 $7,698,960 $7,698,960 --
2024 $77,476 $7,548,000 $7,548,000 --
2023 $76,003 $7,400,000 $7,400,000 $0
2022 $36,154 $3,468,000 $3,468,000 $0
2021 $35,409 $3,400,000 $3,400,000 $0
2020 $72,106 $7,027,352 $7,027,352 $0
2019 $71,093 $6,889,561 $6,889,561 $0
2018 $69,997 $6,754,472 $6,754,472 $0
2017 $68,593 $6,622,032 $6,622,032 $0
2016 $67,278 $6,492,189 $6,492,189 $0
2015 $65,388 $6,296,173 $6,296,173 $0
2014 $64,282 $6,172,840 $6,172,840 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG22000240

California Regional Multiple Listing Service (CRMLS)

APN: 644-218-04

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