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389 Park, Laguna Beach, CA 92651

$2.55M3bd · 2ba · 986 sqft
Lot 3,624 sqft•Single Family Residence•
Active
•94d on market•MLS# LG-26030620

Property Description

TWO DETACHED, TOTALLY REMODELED BEACH COTTAGES on one parcel -397 Park Ave (2 bed, 1 bath - 539 sq. ft) and 389 Park Ave (1 bed, 1 bath - 456 sq. ft) just a short stroll from the all new Forest Avenue Promenade, Main Beach boardwalk and world famous Heisler Park. Each cottage stands alone, with windows on all sides that flood the interiors with natural light and enhance their airy, coastal feel. Both cottages have undergone extensive renovations, including brand-new roofs, vaulted ceilings, wide-plank hardwood flooring, upgraded kitchens and baths with stone countertops, custom cabinetry, designer tile, modern lighting, and curated window treatments. Additional highlights include wood-burning fireplaces, tankless water heaters, newly built decks, restored exterior woodwork, fresh paint, and thoughtfully designed landscaping throughout the property. These charming homes are part of Laguna Beach history. While not yet officially designated as historic, there are potential historic designations and Mills Act tax benefits. Don't miss out on this exceptional opportunity to buy prime real estate in the heart of Laguna Beach.

Features & Amenities

Laguna VillageFeeBuilt 1923

Property Details

Subdivision
Laguna Village
Land Type
Fee
Year Built
1923
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
0
Garage Spaces
0
Heating
Forced Air
Cooling
Central Air
View
City Lights
Flooring
Wood
Roof
Asphalt
City
Laguna Beach
Zip Code
92651
County
Orange
Listed byUnknown Office, Spencer Wall

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$12,889.13
Principal & Interest
Loan Amount
$2,039,200
Total Interest
$2,600,887
Total Payment Over 30 Years
$4,640,087
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

389 Park, Laguna Beach, CA 92651

Laguna Village · Laguna Beach · Single Family Residence

$2.55M
Luxury Tier
Beds
3
Baths
2
Sqft
986
Lot
3,624 sqft
Year
1923
$/Sqft
$2585
Pool: No✓
Spa: No✓
View: city✓

Listed 7.3% below the median closed sale of $2,750,000. Price per sqft ($2,585) is a 43% premium to closed comps ($1,811). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $2.55M· $2,585/sqft
Total list price
Closed comps
vs closed median $2.75M
−$201K (−7.3%)
Active comps
vs active median $3.19M
−$646K (−20.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,487
+$98 (+3.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1143 Catalina StreetLaguna Beach1926229043,000$2,952$2.67M5286
2936 Alexander RoadLaguna Beach1969221,2452,265$2,406$3.00M8877
1136 CatalinaLaguna Beach1929431,4713,660$2,804$4.13M968
495 Saint Anns DriveLaguna Beach1929431,4603,999$2,226$3.25M9565
1494 GlenneyreLaguna Beach1928321,5604,500$2,048$3.19M1265
Total: 5 · Average3.02.41,3283,484.8$2,487.2$3.25M51.2
Median1,460$3.19M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
263 UplandLaguna Beach201106/16/2026321,3524,500$2.80M$2.92M$2,1631.043378
2810 AlexanderLaguna Beach196707/16/2026221,4372,975$2.60M$2.58M$1,7920.994276
2590 IrisLaguna Beach201909/02/2026331,5311,920$3.00M$2.75M$1,7960.9222770
924 Park AvenueLaguna Beach193905/08/2026321,3884,505$2.10M$1.95M$1,4050.9317667
3059 Bern DriveLaguna Beach196506/12/2026321,45069,696$2.90M$2.75M$1,9000.953167
Total: 5 · Average2.82.21,431.616,719.2$2.59M$2.59M$1,811.2—101.8
Median1,437$2.75M$2.75M

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.