
1255 Skyline Drive, Laguna Beach, CA 92651
1255 Skyline Drive, Laguna Beach, CA 92651
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
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Laguna Village · Laguna Beach · Single Family Residence
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.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1076 Skyline Drive | Laguna Beach | 1998 | 4 | 5 | 6,258 | 14,652 | $1,422 | $8.90M | 101 | 88 |
| 1409 Samoa Way | Laguna Beach | 1996 | 4 | 5 | 5,603 | 13,360 | $1,320 | $7.39M | 146 | 83 |
| 1229 Skyline Drive | Laguna Beach | 2001 | 3 | 4 | 3,200 | 9,765 | $2,498 | $8.00M | 20 | 83 |
| 1380 Temple Hills | Laguna Beach | 2023 | 4 | 4 | 3,692 | 8,549 | $2,099 | $7.75M | 6 | 80 |
| 640 Temple Hills Drive | Laguna Beach | 2023 | 3 | 3 | 3,165 | 4,970 | $2,526 | $8.00M | 107 | 69 |
| Total: 5 · Average | 3.6 | 4.2 | 4,383.6 | 10,259.2 | $1,973 | $8.01M | 76 | |||
| Median | 3,692 | $8.00M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1302 Skyline Drive | Laguna Beach | 1999 | 10/29/2026 | 4 | 5 | 4,545 | 9,514 | $8.99M | $8.99M | $1,979 | 1.00 | 240 | 86 |
| 1505 Coral Drive | Laguna Beach | 1965 | 06/16/2026 | 4 | 4 | 2,926 | 17,710 | $7.50M | $7.75M | $2,649 | 1.03 | 35 | 78 |
| 1105 Skyline Drive | Laguna Beach | 2025 | 09/04/2026 | 4 | 5 | 4,200 | 6,800 | $7.00M | $6.80M | $1,619 | 0.97 | 78 | 63 |
| 478 Locust | Laguna Beach | 2026 | 07/22/2026 | 4 | 6 | 3,800 | 6,098 | $8.00M | $7.70M | $2,026 | 0.96 | 61 | 58 |
| 472 Holly Street | Laguna Beach | 2021 | 08/24/2026 | 5 | 4 | 3,356 | 6,125 | $7.39M | $6.95M | $2,071 | 0.94 | 69 | 45 |
| Total: 5 · Average | 4.2 | 4.8 | 3,765.4 | 9,249.4 | $7.64M | $7.64M | $2,068.8 | — | 96.6 | ||||
| Median | 3,800 | $7.70M | $7.70M | ||||||||||
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.