$2,670,000
●
House -
Off Market
1223 Skyline Drive
Laguna Beach, CA 92651
3 Beds
2 Baths
1,811 Ft²
$13,111
Est. Monthly
About This Property
A unique opportunity awaits to create a dream ocean-view coastal
residence on a corner lot in the coveted Mystic Hills neighborhood
with DRB-approved plans by the architectural firm of Anders
Lasater. The truly expansive Pacific vistas and the parcel's
topography offer incredible potential for those looking to
reimagine the existing structure or build anew. Positioned to
maximize its breathtaking surroundings, the single-level,
three-bedroom, two-bathroom home features mid-century modern
elements, an expansive rear patio, and a pool and spa. While sought
after for its tranquility, Mystic Hills also offers ease of access
to all that Laguna Beach is known for, from beaches to galleries,
and dining destinations. 1223 Skyline Drive presents an unmissable
opportunity to craft a coastal haven.
Unit Size
1,811 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$1,474
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1964
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #LG25224590)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2025 | Listed by DOUGLAS ELLIMAN OF CALIFORNIA, INC. | $2,670,000 | |
| Listed by DOUGLAS ELLIMAN OF CALIFORNIA, INC. | |||
| Aug 4, 2025 | Listed | $3,199,000 | |
| Listed | |||
| | |||
|
An exceptional opportunity awaits to create a dream ocean-view coastal retreat on a desirable corner lot in Laguna Beach's coveted Mystic Hills neighborhood. With Design Review Board-approved plans by the esteemed architectural firm Anders Lasater, this property is primed for transformation-whether through a striking reimagining of the existing structure or the construction of a brand-new residence. The parcel's elevated topography captures sweeping Pacific vistas, providing a stunning backdrop for inspired coastal living. The current single-level home features three bedrooms and two bathrooms, showcasing mid-century modern design elements, a spacious rear patio, and a private pool and spa-all thoughtfully positioned to embrace the surrounding natural beauty. Mystic Hills is celebrated for its peaceful ambiance while offering effortless access to the very best of Laguna Beach--from iconic beaches and art galleries to renowned dining and entertainment.
| |||
| Mar 22, 2025 | Listed | $3,495,000 | |
| Listed | |||
| | |||
|
A unique opportunity awaits to create a dream ocean-view coastal residence on a corner lot in the coveted Mystic Hills neighborhood with DRB-approved plans by the architectural firm of Anders Lasater. The truly expansive Pacific vistas and the parcel's topography offer incredible potential for those looking to reimagine the existing structure or build anew. Positioned to maximize its breathtaking surroundings, the single-level, three-bedroom, two-bathroom home features mid-century modern elements, an expansive rear patio, and a pool and spa. While sought after for its tranquility, Mystic Hills also offers ease of access to all that Laguna Beach is known for, from beaches to galleries, and dining destinations. 1223 Skyline Drive presents an unmissable opportunity to craft a coastal haven.
| |||
Property Highlights
Garage
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Mystic Hills
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Listed by: John Stanaland, DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# LG25224590
Last Updated: 2 years ago
Data Source: CRMLS, MLS# LG25224590
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