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425 Panorama Drive, Laguna Beach, CA 92651

$7.29M3bd · 4ba · 2,948 sqft
Lot 7,800 sqft•Single Family Residence•
Active
•28d on market•MLS# NP-26201637

Property Description

PANORAMIC OCEAN VIEWS — Perched on a private ridge in North Laguna, this exceptional coastal residence enjoys a spectacular panorama stretching across the Pacific to Catalina Island, with miles of coastline, sparkling city lights and unforgettable sunsets. Completely rebuilt in 2002 with an open floor plan by architect Scott Laidlaw, the home was thoughtfully designed around its extraordinary setting, with walls of glass connecting the interiors to expansive terraces, ocean views and beautifully landscaped gardens. The highly desirable floor plan places the primary living spaces and primary suite on the entry level. At the heart of the home, the spacious great room features soaring ceilings, two distinct seating areas, a limestone fireplace and dining area—all framed by dramatic floor-to-ceiling views. The chef’s kitchen is equally well appointed with Carrara marble countertops, Sub-Zero refrigerator and wine cooler, Viking range, center island and walk-in pantry. The main-level primary suite is a private retreat with a fireplace, oversized walk-in closet, sweeping ocean views and its own terrace. Also on this level is a den that can easily function as a fourth bedroom. Downstairs, two additional guest bedrooms with en-suite baths open to ocean views and lush gardens, creating a private space for family and guests. Additional details include stained white oak floors and Riviera Bronze doors. This is a rare opportunity to enjoy privacy, distinctive architecture and some of North Laguna’s most captivating views—just minutes from Laguna’s beaches, coves and downtown, with easy access to Crystal Cove, Corona del Mar and Newport Beach.

Features & Amenities

North LagunaFeeBuilt 2000

Property Details

Subdivision
North Laguna
Land Type
Fee
Year Built
2000
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Cooling
Central Air
View
Catalina, Coastline, Ocean, Panoramic
Flooring
Stone, Wood
Roof
Flat
City
Laguna Beach
Zip Code
92651
County
Orange
Listed byUnknown Office, Cherie Axelson

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$36,887.49
Principal & Interest
Loan Amount
$5,836,000
Total Interest
$7,443,496
Total Payment Over 30 Years
$13,279,496
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 · 4 closed

425 Panorama Drive, Laguna Beach, CA 92651

North Laguna · Laguna Beach · Single Family Residence

$7.29M
Luxury Tier
Beds
3
Baths
4
Sqft
2,948
Lot
7,800 sqft
Year
2000
$/Sqft
$2475
Pool: No✓
Spa: No✓
View: city✓
Garage: 2-car✓

Listed 13.4% below the median closed sale of $8,425,000. Price per sqft ($2,475) is a 10% discount to closed comps ($2,764). Closed comps sold at 93% of list — buyers have negotiating leverage. 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 $7.29M· $2,475/sqft
Total list price
Closed comps
vs closed median $9.10M
−$1.80M (−19.8%)
Active comps
vs active median $8.00M
−$700K (−8.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,770
−$295 (−10.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
848 Hillcrest DriveLaguna Beach1988443,3126,668$2,415$8.00M11992
130 McknightLaguna Beach1957442,80610,677$4,544$12.75M14088
1680 LouiseLaguna Beach1937443,1976,000$2,424$7.75M5775
2 Emerald BayLaguna Beach1932332,6193,750$2,022$5.29M27270
1292 Cliff DriveLaguna Beach2008353,2673,417$2,447$8.00M15970
Total: 5 · Average3.64.03,040.26,102.4$2,770.4$8.36M149.4
Median3,197$8.00M

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
738 Cliff DriveLaguna Beach201608/28/2026463,2006,534$8.49M$7.75M$2,4220.9122789
115 Emerald BayLaguna Beach200006/08/2026442,8507,405$9.99M$9.93M$3,4820.994082
156 ChiquitaLaguna Beach200207/02/2026432,5427,000$7.50M$6.50M$2,5570.877177
420 EMERALD BAYLaguna Beach202206/01/2026443,5085,259$9.50M$9.10M$2,5940.9613172
Total: 4 · Average4.04.33,0256,549.5$8.32M$8.32M$2,763.75—117.25
Median3,200$9.10M$9.10M

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.