3188 Bern Drive
About This Property
Welcome to this impeccably renovated single-level estate perched at the coveted "Top of the World" in Laguna Beach, offering unmatched 180-degree views of the Pacific Ocean, Catalina Island, serene canyons, and sparkling city lights. This home seamlessly blends timeless elegance with modern luxury, creating the ultimate sanctuary for Southern California coastal living.
From the moment you step through the private custom entry, you'll be captivated by the enclosed lanai-style atrium, a tranquil garden oasis that sets the tone for the home's refined atmosphere. Upon entering, you're greeted by breathtaking ocean vistas that stretch endlessly from the main living areas, immersing you in the natural beauty of Laguna Beach.
The spacious great room, designed for both relaxation and entertaining, features a dramatic floor-to-ceiling natural stone fireplace and soaring arched ceilings that frame the magnificent west-facing views. Adjacent, the newly updated kitchen boasts sleek finishes, premium appliances, and uninterrupted ocean and canyon views, with convenient access to the rear patio for alfresco dining and entertaining.
The primary suite is a private haven with its own mesmerizing ocean views and a luxurious ensuite bath, while the three additional bedrooms are generously sized, with two offering glimpses of the Pacific.
Step outside to the expansive patio that spans the length of the home, a perfect setting to unwind as you watch the ever-changing tableau of marine life, vibrant sunsets, and moonlit waters. The terraced rear yard offers ample space for gatherings, gardening, or simply enjoying the tranquil surroundings, with no risk of your views being obstructed thanks to the elevation of neighboring properties.
Located on a peaceful, private street, this home is just moments from Alta Laguna Park, scenic nature trails, and the Laguna Beach Trolley stop. Downtown Laguna's world-class dining, boutique shopping, and iconic beaches are just a short ride away, along with easy access to Dana Point Harbor, Newport Beach, and other coastal gems.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 23, 2024 | Sold | ||
| Sold | |||
| Dec 4, 2024 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Listed by Innovate Realty, Inc. | $3,299,000 | |
| Listed by Innovate Realty, Inc. | |||
| Oct 30, 2022 | No longer available | - | |
| No longer available | |||
| Sep 24, 2022 | In contract | - | |
| In contract | |||
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About Top of the World
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017