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.
2538 Monaco Drive, Laguna Beach, CA 92651
- 5 beds
- 5 baths
- 4,200 sq ft
- 0.25-acre lot
- Built 1961
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$20,150,000
Subdivision 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.
The home
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.
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 has 4,200 square feet of living space on a 0.25-acre lot. 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, and central air.
Specifications
Home Details
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
- HOA fees
- $666.67 monthly
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
The record
Property History for 2538 Monaco Drive
| Date | Event | Price | Note |
|---|---|---|---|
| May 6, 2022 | Sold | $20,150,000 | |
| Apr 21, 2022 | Status changed to Pending | From Active Under Contract | |
| Apr 17, 2022 | Status changed to Active Under Contract | From Active | |
| Jan 14, 2022 | Status changed to Active | From Coming Soon | |
| Jan 14, 2022 | Listed for sale | $26,000,000 | |
| Jul 3, 2019 | Sold | $13,000,000 | Compass |
| Aug 1, 2012 | Sold | $4,250,000 | HOM Real Estate Group, Inc |
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 2538 Monaco Drive
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, area of minimal flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0412K effective March 21, 2019. Checked October 15, 2026.
- Fire hazard severity zone
Very High Fire Hazard Severity Zone, Local Responsibility Area.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones. Checked October 15, 2026.
- Liquefaction zone
Outside the liquefaction zones.
California Geological Survey, Seismic Hazard Zones map, Laguna Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Laguna Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Tsunami hazard area
Outside the Tsunami Hazard Area on the State's evacuation planning map.
California Geological Survey and Cal OES, Tsunami Hazard Area map for Orange County (2021). Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: AT&T, up to 5,000 Mbps, at 3 of 52 residential locations in this census block. Cable: Cox Communications, up to 2,000 Mbps, at 51 of 52. Fixed wireless: Verizon, up to 300 Mbps, at 38 of 52.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590626562021, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 1.2 miles away (ChargePoint, 1 DC fast port). 20 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
Looking for something similar
2538 Monaco Drive is no longer on the market, but comparable homes come up in Laguna Beach regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
Selling near 2538 Monaco Drive
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The neighborhood
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.
Laguna Beach home sales, past 12 months
- Homes sold
- 261
- Median price
- $3,350,000
- Median days on market
- 33
- Median per sq ft
- $1,619
Recorded MLS closings of single-family homes, Oct 22, 2025 to Oct 22, 2026. Days on market run from listing to going under contract.
Recent Laguna Beach sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 933 Coast View | Oct 22, 2026 | $3,200,000 | 1,733 | $1,847 | 29 |
| 9 Carmel Court | Oct 21, 2026 | $1,399,000 | 1,665 | $840 | 1 |
| 699 Wendt Terrace | Oct 19, 2026 | $4,200,000 | 2,827 | $1,486 | 8 |
| 31632 2nd Avenue | Oct 16, 2026 | $1,875,000 | 832 | $2,254 | 0 |
| 1264 Anacapa | Oct 16, 2026 | $5,500,000 | 3,299 | $1,667 | 0 |
See homes for sale in Irvine Cove Laguna Beach housing market
Schools
School District for 2538 Monaco Drive
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the school district as Laguna Beach Unified.
Moving to Laguna Beach covers its schools, parks and beaches.
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Listed by Rex McKown of Compass
Listing information updated Jul 24, 2023 at 6:02 PM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.