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$12,495,000
● House - For Sale

1902 Ocean Way

Laguna Beach, CA 92651
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3,062 Ft²
$61,353
Est. Monthly

About This Property

Brand-new and scheduled for completion in the first quarter of 2027, this exceptional coastal residence is sited on a premier elevated lot with sweeping views of the Pacific Ocean and Catalina Island, offering a rare opportunity in Laguna Beach's coveted Woods Cove neighborhood. Currently under construction, with renowned architect Rory Foubister, and interiors and material curation by Kaytia Designs, the home is being reimagined into a sophisticated five-bedroom, five-and-one-half bath retreat. The offering includes a fully permitted approximately 1,000-square-foot ADU with its own ocean views and private kitchen. The residence blends timeless coastal architecture with refined material selections. Exterior features include clear vertical-grain cedar siding, AAA Stone Tundra Cream accents, limestone hardscape, Thermory ash wood used in select exterior applications including fencing and architectural detailing, and curated exterior lighting. Outdoor living is designed for entertaining with multiple seating areas, a spa, outdoor kitchen, and dramatic gas fire features. Interiors showcase wide-plank European French white oak flooring, limewash walls, and custom bleached white oak bespoke cabinetry throughout both the main residence and ADU. The chef's kitchen features Perla Venata stone countertops, an oversized island, secondary prep kitchen, and professional-grade appliances including Sub-Zero refrigeration, BlueStar cooking, and Miele systems. Bathrooms are appointed with natural stone, Zellige tile, slab stone in the primary bath, steam shower, Toto fixtures, and washlets. Additional highlights include custom interior doors, Visual Comfort and Prado lighting, Town & Country gas fireplaces, zoned HVAC, Lutron lighting, and home automation. The home is being sold complete, with construction scheduled for completion in Q1 of 2027.
Unit Size
3,062 Ft²
Days on Market
42 days
Land Size
0.15 acres
Price per sqft
$4,081
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1929

Listed By

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Last updated: 2 months ago (CRMLS #LG26204967)

Price History

Date / Event Date Event Price
Sep 21, 2026 Listed by The Agency $12,495,000
Listed by The Agency
Jan 29, 2025 Listed $6,749,000
Listed
Owner is in the process of finishing the house.

Property Highlights

Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Parking Features: Garage Faces Front, Garage, Deck, DoorMulti
Garage Spaces: 3
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Built-in Features, High Ceilings, Stone Counters, Recessed Lighting, Wired for Data, Walk-In Closet(s), Balcony, LivingRoomDeckAttached, PrimarySuite, UtilityRoom
Appliances: Built-In Range, Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Range Hood, Water Softener, Tankless Water Heater, Water Purifier, SixBurnerStove, Barbecue
Flooring Type: Wood
Door Features: Sliding Doors
Laundry Features: Laundry Room
Has Fireplace
Fireplace Features: Gas, Living Room
Exterior Details
Square Footage: 3062
Square Footage Source: $0
Security Features: Prewired, Carbon Monoxide Detector(s), Smoke Detector(s), FireDetectionSystem
Property Condition: Updated/Remodeled, AdditionsAlterations, Turnkey
Architectural Style: Modern, Traditional
Year Built Source: See Remarks
Year Built: 2026
Waterfront Features: Ocean Access, OceanSideOfFreeway, OceanSideOfHighway
Levels: Three Or More
Other Structures: GuestHouseDetached
Window Features: ENERGY STAR Qualified Windows
Patio and Porch Features: Deck
Pool Features: None
Lot Features: Back Yard, Landscaped, Rectangular Lot, SprinklerSystem, Walkstreet, Yard
Lot Size Area: 6477
Lot Size Units: Square Feet
Lot Size Acres: 0.1487
Lot Size Square Feet: 6477
Tax Lot: 15
Water Source: Public
Utilities Details
Cooling Type: Central Air, Zoned
Heating Type: Central, Zoned
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 450
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,477
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 510
  • Total Building Area: 2,062
  • Building Area: 2,062
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 2,062
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRACT NO 763
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • Legal Description 1: N TR 763 BLK LOT 15 TR 763 LOT 15 NWLY1/2

Neighborhood

  • School District Name: Laguna Beach Unified School District
  • Census Tract: 062620

Geography

  • Assessors Map Reference: 34-E3
  • Subdivision Tract Number: 763
  • Parcel: 644-276-16
  • Lot: 15
  • Latitude: 33.5277
  • Longitude: -117.771

    Address

  • Full Address: 1902 Ocean Way
  • Address - House Number: 1902
  • Address - Street Name: Ocean
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Laguna Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 3238
  • Zip Code: 92651

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,805,376
  • Tax Rate Code Area: 05-003

    Appraisal Valuation

  • Standard Deviation: 0.2054
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 72
  • Final Value: 3,537,703
  • High Value: 4,264,411
  • Low Value: 2,810,994

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,610,000
  • Assessed Land Value: $5,503,628
  • Assessed Improvements Value: $106,372

    Sales

  • Current Sale Contract Date: Feb 18, 2022
  • Current Sale Recording Date: Apr 20, 2022
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 151014
  • Previous Sale Recording Date: Apr 23, 2010
  • Previous Sale Contract Date: Mar 18, 2010
  • Previous Sale Amount: $2,669,000
  • Previous Sale Document Type: 36

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Woods Cove


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Frequently Asked Questions

When was property at 1902 Ocean Way built and last sold?
The property at 1902 Ocean Way was built in 1929 and last sold on Feb 18, 2022 for $5,500,000.
How much is this home worth?
The estimated value of the home located at 1902 Ocean Way is $12,619,950.
What are some comparable homes to 1902 Ocean Way?
There are currently no comparable homes to 1902 Ocean Way.

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