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1902 Ocean Way, Laguna Beach, CA 92651

$12.49M5bd · 6ba · 3,062 sqft
Lot 6,477 sqft•Single Family Residence•
Active
•23d on market•MLS# LG-26204967

Property Description

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.

Features & Amenities

Laguna VillageFeeBuilt 2026

Property Details

Subdivision
Laguna Village
Land Type
Fee
Year Built
2026
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
5
Garage Spaces
3
Heating
Zoned, Central
Cooling
Central Air, Zoned
View
Catalina, City Lights, Ocean, Panoramic, Water, White Water
Flooring
Wood
City
Laguna Beach
Zip Code
92651
County
Orange
Listed byThe Agency, John Stanaland

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$63,181.52
Principal & Interest
Loan Amount
$9,996,000
Total Interest
$12,749,347
Total Payment Over 30 Years
$22,745,347
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

1902 Ocean Way, Laguna Beach, CA 92651

Laguna Village · Laguna Beach · Single Family Residence

$12.49M
Luxury Tier
Beds
5
Baths
6
Sqft
3,062
Lot
6,477 sqft
Year
2026
$/Sqft
$4081
Pool: No✓
Spa: No✓
View: city✓
Garage: 3-car✓

Listed 190.6% above the median closed sale of $4,300,000. Price per sqft ($4,081) is a 229% premium to closed comps ($1,239). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $12.49M· $4,081/sqft
Total list price
Closed comps
vs closed median $4.30M
+$8.20M (+190.6%)
Active comps
vs active median $10.80M
+$1.70M (+15.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $3,323
+$758 (+22.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
251 HighlandLaguna Beach2026563,0607,000$1,879$5.75M11791
1955 San Remo DriveLaguna Beach2026553,2356,958$1,853$6.00M13688
2049 Ocean WayLaguna Beach2006442,7776,350$3,959$10.99M15987
1907 Ocean WayLaguna Beach2000443,6287,290$4,822$17.50M31079
1665 Viking RoadLaguna Beach1937452,6339,180$4,102$10.80M11077
Total: 5 · Average4.44.83,066.67,355.6$3,323$10.21M166.4
Median3,060$10.80M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
956 Tia JuanaLaguna Beach197809/02/2026532,7695,000$2.75M$2.70M$9740.985683
725 Balboa AvenueLaguna Beach197805/21/2026433,3166,100$4.20M$4.30M$1,2971.023581
1585 Del MarLaguna Beach197606/30/2026432,9057,500$2.40M$2.10M$7230.886981
1401 Bounty WayLaguna Beach199510/01/2026543,3328,460$5.50M$5.08M$1,5230.926680
840 GainsboroughLaguna Beach202508/13/2026453,5739,578$6.00M$6.00M$1,6781.009378
Total: 5 · Average4.43.63,1797,327.6$4.03M$4.03M$1,239—63.8
Median3,316$4.30M$4.30M

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.