NOT LISTED FOR SALE

705 Gainsborough Place Laguna Beach, CA 92651

Estimated Value: $4,878,000 - $7,738,000

4 Beds
4 Baths
3,392 Sq Ft
$1,960/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $7,500,000 $2,211 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $38,558/month

107 Days on Market

Highlights

  • White Water Ocean Views
  • Wine Cellar
  • Solar Power System
  • El Morro Elementary School Rated A+
  • New Construction
  • Primary Bedroom Suite

About This Home

As of May 2024

Just completed with a virtually endless list of today’s most desirable appointments, this brand-new custom home in Laguna Beach offers stunning ocean views from every room. Its elevated setting at the end of a cul-de-sac next to the Orange County coastline welcomes panoramic views that reach as far as Long Beach and Catalina and San Clemente islands and span the village of Laguna Beach, enchanting sunsets and thousands of sparkling lights. Massive windows and large sets of glass accordion doors allow for sublime indoor/outdoor living at the home, which presents four bedrooms and four baths in a generous floorplan measuring approximately 3,392 square feet. A private courtyard entry with a soothing fountain and an original art glass sculpture by Marcus Thesing provides a tranquil introduction to the contemporary residence. Enjoy a main level with priceless ocean views, walls of disappearing glass, a fireplace-warmed living room with built-ins and a vaulted ceiling, and a kitchen that opens to a covered loggia with fireplace that extends living space. Anchored by a large waterfall island, the bespoke kitchen complements mealtime preparation with top-tier Thermador appliances including two dishwashers, custom wood cabinetry, two farmhouse sinks and quartzite countertops are true pieces of art. This entire living, dining and kitchen space, complete with an abundance of natural light and the scenic Pacific Ocean as a backdrop, is ideal for sharing special occasions with those you hold dearest in your heart. Refinements are led by an elevator, skylight, three fireplaces, an enclosed wine room, white rift-oak wide-plank flooring, modern lighting fixtures, solar power, and an EV charger in the garage. Select secondary bedrooms open to a balcony, and the primary suite is framed by numerous windows with ocean views. Enjoy an enormous walk-in closet with custom built-ins, separate vanities, a freestanding tub and a large steam shower. A street-to-street lot features additional spaces for outdoor living. Village shops, galleries, beaches, restaurants and cafés are moments from this extraordinary new custom residence. Whether your primary or second home, it offers the ultimate coastal lifestyle in Laguna Beach.

Last Agent to Sell the Property

Meital Taub

Livel Real Estate License #01871040 Listed on: 12/06/2023

Last Buyer's Agent

Alexis Amaradio

Livel Real Estate License #02178216

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,417

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 7,342 Sq Ft Lot
  • Landscaped

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Custom Home
  • Split Level Home
  • Turnkey

Interior Spaces

  • 3,392 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Wine Cellar
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Combination Dining and Living Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Utility Sink

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Stone Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Fireplace

Schools

  • El Morro Elementary School
  • Thurston Middle School
  • Laguna Beach High School

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage

Additional Features

  • Solar Power System
  • Suburban Location

Community Details

  • No Home Owners Association
  • Upper Diamond Subdivision

Listing and Financial Details

  • Tax Lot 137
  • Tax Tract Number 764
  • Assessor Parcel Number 64430404

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,417

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: Max
  • Other Phone Number: 714.329.4980
  • Property Attached: No
  • Subdivision Name Other: Upper Diamond (UD)
  • View: Yes
  • Architectural Style: Custom Built
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 64430404
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 3392.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Elevator, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Stone Counters
  • Stories: 3
  • Entry Location: Gainsborough Pl
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 4
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, In Living Room
  • Entry Level: 2
  • Fireplace Features: Living Room, Primary Retreat, Outside
  • Levels: Multi/Split
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2211.08
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Suite, Walk-In Closet, Wine Cellar
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Primary Bath, Separate Tub And Shower, Stone Counters, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Stone Counters, Utility Sink

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Gas Range, Microwave, Range Hood, Refrigerator
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Laguna Beach Unified
  • Elementary School: El Morro
  • Middle School: Thurston
  • High School: Laguna Beach
  • Elementary School: El Morro
  • High School: Laguna Beach
  • Middle Or Junior School: Thurston
  • Elementary School #2: ELMOR
  • High School2: LAGBEA

Green Features

  • Green Power: Solar

Lot Info

  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 7342.00
  • Lot Size Acres: 0.1685

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7342.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 137
  • Tax Tract Number: 764

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2023
Closed on
May 7, 2024
Sold by
Diane Holdings Llc
Bought by
Demas Living Trust and Demas
Seller's Agent
Meital Taub
Livel Real Estate
Buyer's Agent
Alexis Amaradio
Livel Real Estate
List Price
$7,750,000
Sold Price
$7,500,000
Premium/Discount to List
-$250,000
-3.23%
Views
92
Current Estimated Value
$6,647,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$852,558
Avg. Annual Appreciation
-9.05%

Purchase Details

Closed on
May 27, 2021
Sold by
Vogel Ronald Edward and Vogel Diane Lawe
Bought by
Diane Holdings Llc
Source: Public Records

Range of Values:

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Average Value
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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
Demas Living Trust $7,500,000 First American Title
Diane Holdings Llc $1,136,000 Ticor Title Riverside
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Diane Holidhigs Llc $2,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $7,500,000 -3.2% $2,211 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
12/06/2023 12/06/23 For Sale $7,750,000 -- $2,285 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $31,417 $7,650,000 $5,582,194 $2,067,806
2024 $31,417 $3,012,938 $1,321,933 $1,691,005
2023 $12,232 $1,099,935 $1,099,935 $0
2022 $11,948 $1,078,368 $1,078,368 $0
2021 $1,848 $95,637 $63,436 $32,201
2020 $1,769 $94,657 $62,786 $31,871
2019 $1,849 $92,801 $61,554 $31,247
2018 $1,797 $90,982 $60,347 $30,635
2017 $1,741 $89,199 $59,164 $30,035
2016 $1,572 $87,450 $58,003 $29,447
2015 $1,640 $86,137 $57,132 $29,005
2014 $1,489 $84,450 $56,013 $28,437
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG23197145

California Regional Multiple Listing Service (CRMLS)

APN: 644-304-04