0.jpg
1 / 24

1255 Skyline Drive, Laguna Beach, CA 92651

$7.9M4bd · 4ba · 5,013 sqft
Lot 14,399 sqft•Single Family Residence•
Active
•11d on market•MLS# LG-26228178

Property Description

Commanding one of the most extraordinary positions above the Laguna Beach coastline, the Wave House is a one of a kind 1967 residence set in coveted Mystic Hills with sweeping views of Catalina Island, whitewater and the coast. Approximately 5,013 square feet sit on a 14,399 square-foot street to street lot, where walls of glass draw the Pacific into nearly every room and generous view decks carry the living spaces outdoors. At its center, a soaring great room rises beneath dramatic high ceilings, its volume and light oriented entirely toward the ocean. The current layout offers four bedrooms, three and one-half baths, an office, gym, sauna and media room. Outside, an oversized pool and spa set against the ocean horizon create a secluded coastal retreat. The opportunity is as compelling as the setting: thoughtfully restore this spectacular home, honoring its original architectural vision while introducing timeless contemporary luxury. A chance to steward a piece of California architectural history. Ideally located moments from Laguna Beach's renowned beaches, galleries, dining and vibrant village, this remarkable property offers architectural pedigree, privacy and panoramic views in one of Southern California's most celebrated coastal communities.

Features & Amenities

Laguna VillageFeeBuilt 1967

Property Details

Subdivision
Laguna Village
Land Type
Fee
Year Built
1967
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
None
Cooling
None
View
Catalina, City Lights, Coastline, Ocean, Panoramic, Water, White Water
City
Laguna Beach
Zip Code
92651
County
Orange
Listed byLivel Real Estate, Meital Taub

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$39,946.70
Principal & Interest
Loan Amount
$6,320,000
Total Interest
$8,060,812
Total Payment Over 30 Years
$14,380,812
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

1255 Skyline Drive, Laguna Beach, CA 92651

Laguna Village · Laguna Beach · Single Family Residence

$7.9M
Luxury Tier
Beds
4
Baths
4
Sqft
5,013
Lot
14,399 sqft
Year
1967
$/Sqft
$1576
Pool: Yes✓
Spa: Yes✓
View: city✓
Garage: 2-car✓

Listed in line with the median closed sale of $7,700,000. Price per sqft ($1,576) is a 24% discount to closed comps ($2,069). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $7.90M· $1,576/sqft
Total list price
Closed comps
vs closed median $7.70M
+$200K (+2.6%)
Active comps
vs active median $8.00M
−$95K (−1.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,973
−$397 (−20.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1076 Skyline DriveLaguna Beach1998456,25814,652$1,422$8.90M10188
1409 Samoa WayLaguna Beach1996455,60313,360$1,320$7.39M14683
1229 Skyline DriveLaguna Beach2001343,2009,765$2,498$8.00M2083
1380 Temple HillsLaguna Beach2023443,6928,549$2,099$7.75M680
640 Temple Hills DriveLaguna Beach2023333,1654,970$2,526$8.00M10769
Total: 5 · Average3.64.24,383.610,259.2$1,973$8.01M76
Median3,692$8.00M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1302 Skyline DriveLaguna Beach199910/29/2026454,5459,514$8.99M$8.99M$1,9791.0024086
1505 Coral DriveLaguna Beach196506/16/2026442,92617,710$7.50M$7.75M$2,6491.033578
1105 Skyline DriveLaguna Beach202509/04/2026454,2006,800$7.00M$6.80M$1,6190.977863
478 LocustLaguna Beach202607/22/2026463,8006,098$8.00M$7.70M$2,0260.966158
472 Holly StreetLaguna Beach202108/24/2026543,3566,125$7.39M$6.95M$2,0710.946945
Total: 5 · Average4.24.83,765.49,249.4$7.64M$7.64M$2,068.8—96.6
Median3,800$7.70M$7.70M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.