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2538 Monaco Drive, Laguna Beach

Sold

2538 Monaco Drive sold on May 6, 2022 for $20,150,000, 22.5% below the $26,000,000 asking price after 91 days on the market. The buyer paid cash. The details are below for reference.

$20,150,000

2538 Monaco Drive Laguna Beach, CA 92651

Single Family Residence|Sold

SubdivisionIrvine Cove

5Beds
5Total Baths
5Full Baths
4,200SqFt
$4,798$/SqFt
1961Built

About 2538 Monaco Drive

Located within one of southern California’s most sought-after private beach front 24-hour guard gated communities, this soft contemporary jewel box of an ocean retreat represents coastal cool living at its finest. Having just undergone a seamless upgrade and expansion staying true to the integrity of the existing property’s architectural que’s, this approximately 4250 sq. ft. 5-bedroom 5-bathroom residence is flooded with light and artfully marries the interior spaces with the breathtaking exterior surroundings. Adorned with exquisite surfaces and stonework, complemented by masterfully executed millwork no detail has been overlooked to even the most discerning beholder. Ocean views out to the endless horizon and year-round sunsets is the living art backdrop to this property and can be enjoyed from virtually any vantage point in the residence. Being set within Laguna Beach’s, Irvine Cove, this private oceanfront community set at the most accessible northern tip of the city providing access to endless amenities such as John Wayne Airport, world class shopping at South Coast Plaza and Fashion Island, performing arts, museums and endless dining no more than 15 to 20 minutes away. All of this set around the communities private beach just a short jaunt from the residence. Rarely do opportunities arise to acquire properties within this neighborhood and this particular residence must be experienced to truly understand its value and the lifestyle it provides to its residents.

2538 Monaco Drive, Laguna Beach

Price
$20,150,000
Days On Site
N/A
Bedrooms
5
Inside Area (SqFt)
4,200 sqft
Total Baths
5
Full Baths
5
Partial Baths
N/A
Lot Size
0.2525 Acres
Year Built
1961
MLS® Number
NP22002683
Status
Sold
Property Tax
N/A
HOA/Condo/Coop Fees
$666.67 monthly
Sq Ft Source
Estimated

General Features

Property Type
Single Family Residence
MLS Number
NP22002683
Year Built
1961
Living Area (sq ft)
4,200
Living Area Source
Estimated
Lot Size (sq ft)
11,000
Lot Size (acres)
0.2525
Levels
One
Bedrooms
5
Full Baths
5
Garage Spaces
2
Parking Spaces
5
View
Catalina, Ocean
HOA Dues
$8,000
HOA Frequency
Annually
HOA Name
Irvine Cove
Parcel Number
05331611
On Market Date
2022-01-14
Listing Terms
Standard

Interior Features

Interior Features
Main Level Primary, Primary Suite, Walk In Closets
Cooling
Central Air
Fireplace
Bath, Living Room, Primary Bedroom, Outside
Laundry
Inside
Main Level Bedrooms
5
Main Level Bathrooms
5
Common Walls
No Common Walls

Exterior Features

Pool Features
None
Sewer
Public Sewer
Water
Private
Units
1

Community Features

Subdivision
Irvine Cove (IC)
Community Features
Suburban
Association Amenities
Fire Pit, Barbecue, Picnic Area

Schools

School District
Laguna Beach Unified

Property Details for 2538 Monaco Drive

This 5-bedroom, 5-bath single-family home sits in the Irvine Cove neighborhood of Laguna Beach in Orange County. It offers 4,200 square feet of living space. The home was built in 1961. The MLS record lists the assessor parcel number as 053-316-11. Highlights include ocean and Catalina views, a fireplace, single-story living, a two-car garage, a 0.25-acre lot, and central air. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.

Property History

2538 Monaco Drive was listed for sale on January 14, 2022 at $26,000,000.

About Irvine Cove

Irvine Cove sits at the northern edge of Laguna Beach, a gated community straddling Pacific Coast Highway with a tunnel linking the inland side to a residents-only beach cove. Subdivided from the Irvine Ranch in 1958, this enclave of roughly 110 Mediterranean and contemporary estates offers Catalina Island views, tennis courts, and parks.

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Selling near 2538 Monaco Drive

Thinking of selling nearby? We bring current Irvine Cove sales data and a clear pricing strategy to every listing, backed by more than 500 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.

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Listed by Rex McKown of Compass

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