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2049 Ocean Way, Laguna Beach, CA 92651

$10.99M4bd · 4ba · 2,777 sqft
Lot 6,350 sqft•Single Family Residence•
Active
•181d on market•MLS# LG-26096969

Property Description

Newly renovated and extensively reimagined, the iconic "Gull House" at 2049 Ocean Way is a rare beachfront architectural masterpiece poised directly above the breathtaking beauty of Woods Cove, one of Laguna Beach's most picturesque coves. Designed by renowned, award winning architect Helena Arahuete of John Lautner Associates, this one of a kind contemporary residence is defined by striking angles, seamless indoor outdoor living, and timeless design. Three light filled levels, served by a private elevator, unfold across 4 bedrooms plus an office and 3.5 baths, thoughtfully designed to maximize both form and function. Rich materiality defines the interiors, with plank matched rosewood walls, koa wood accents, and Italian travertine slab flooring creating a warm yet sophisticated coastal aesthetic, while walls of glass frame uninterrupted whitewater and horizon views. At the heart of the home, a chef's kitchen outfitted with top tier appliances by Viking, Sub Zero, and Miele is ideal for both everyday living and grand scale entertaining. The primary suite is a sanctuary unto itself, with a newly reimagined spa inspired bath featuring a dual vanities and a generous walk in closet, along with a private balcony and outdoor shower overlooking the cove. A comprehensive renovation has elevated the space, with upgrades including a new roof, windows and exterior doors, full repiping, dual AC condensers, Miele appliances, EV charger, fresh interior and exterior paint, a fully remodeled primary bath, and updated travertine and waterproofing at the entry. Steps from direct access to Woods Cove Beach and moments from Laguna’s premier dining and shopping, including oceanfront dining at Splashes at the Surf & Sand Resort, the Gull House offers something exceptionally rare: an architecturally significant beachfront residence, beautifully renovated, on one of Southern California’s most storied coastlines.

Features & Amenities

Laguna VillageFeeBuilt 2006

Property Details

Subdivision
Laguna Village
Land Type
Fee
Year Built
2006
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
3
Garage Spaces
2
Heating
Central, Fireplace(s)
Cooling
Central Air
View
Catalina, Coastline, Ocean, Panoramic, Water
Flooring
Wood
City
Laguna Beach
Zip Code
92651
County
Orange
Listed byDouglas Elliman of California - Corona Del Mar, Alexandra Rubow

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$55,596.70
Principal & Interest
Loan Amount
$8,796,000
Total Interest
$11,218,813
Total Payment Over 30 Years
$20,014,813
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

2049 Ocean Way, Laguna Beach, CA 92651

Laguna Village · Laguna Beach · Single Family Residence

$10.99M
Luxury Tier
Beds
4
Baths
4
Sqft
2,777
Lot
6,350 sqft
Year
2006
$/Sqft
$3959
Pool: No✓
Spa: No✓
View: city✓
Garage: 2-car✓

Listed in line with the median closed sale of $10,800,000. Price per sqft ($3,959) is a 47% premium to closed comps ($2,687). Closed comps sold at 88% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 217 days on market. 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 $10.99M· $3,959/sqft
Total list price
Closed comps
vs closed median $10.80M
+$195K (+1.8%)
Active comps
vs active median $10.99M
$0 (0.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $3,224
+$735 (+22.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1902 Ocean WayLaguna Beach2026563,0626,477$4,081$12.49M4190
1665 Viking RoadLaguna Beach1937452,6339,180$4,102$10.80M13183
594 Cliff DriveLaguna Beach1993443,8167,380$3,014$11.50M9660
673 Mystic WayLaguna Beach1996455,2008,800$1,922$9.99M4459
630 Diamond StreetLaguna Beach1958453,66510,902$3,000$10.99M38457
Total: 5 · Average4.25.03,675.28,547.8$3,223.8$11.16M139.2
Median3,665$10.99M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
31702 Seacliff DriveLaguna Beach197606/22/2026553,3616,000$10.99M$10.80M$3,2130.985956
523 Emerald BayLaguna Beach200112/04/2025554,0925,320$12.75M$11.10M$2,7130.8722343
64 Emerald BayLaguna Beach198508/11/2026453,5883,250$13.50M$9.70M$2,7030.7247039
34 SmithcliffsLaguna Beach199706/10/2026455,41211,727$12.00M$10.55M$1,9490.886030
482 High DriveLaguna Beach192411/21/2025754,37326,776$13.40M$12.50M$2,8580.9327224
Total: 5 · Average5.05.04,165.210,614.6$10.93M$10.93M$2,687.2—216.8
Median4,092$10.80M$10.80M

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.