3
Bedrooms
Sold for $3,850,000 · Mar 2025
SOLDListed at $4,000,000
Laguna Beach, CA
MLS# OC24223441
Nura Motal
Listing Agent
Compass
DRE #: 01827197
Brokerage: Compass
3
Bedrooms
2
Bathrooms
1,497 sqft
Square Feet
1931
Year Built
6,656 sqft
Lot Size
$2,572
Price/Sq Ft
2
Garage Spaces
N/A
HOA
Single Family Home
Property Type
Showcasing panoramic views of breaking waves, the sparkling Pacific Ocean, magnificent sunsets and evening lights along the coastline, this historic 1931 cottage epitomizes quintessential Laguna Beach living. Carefully upgraded with on-trend improvements while maintaining its intrinsic charm, the three-bedroom, two-bath home offers the low-property-tax benefits of California’s Mills Act. An impeccably maintained terraced homesite of nearly 6,656 square feet displays handsome brick hardscaping, manicured landscaping and spacious outdoor living areas with ocean views in the front and rear yards. A two-garage offers parking at street level, and two large patios and a covered front porch welcome outdoor entertaining with enchanting views of Aliso Beach and the ocean. Vaulted ceilings with etched wood beams soar over most living spaces, including a fireplace-warmed living room with expansive ocean-view windows and access to the front yard, and a dining room with two French doors opening to the backyard. The kitchen retains the home’s cottage vibe while incorporating upgraded stone countertops and stainless steel appliances including a Wolf range. Enjoy casual meals in the ocean-view breakfast nook, or step out to the front patio for morning coffee and hypnotic Pacific vistas. Approximately 1,712 square feet, the open and light residence is richly detailed with hardwood and tile floors, colorful tiles at interior stairs, marble and brass in baths, recessed built-in shelving, solid interior doors and dramatic archways. One bedroom offers the advantage of private outdoor access, and another features a sitting room. Mature gardens are interwoven with brick pathways in the backyard, where ocean views embellish a patio that is perfect for parties and simple relaxation. A sought-after address within South Laguna’s Coast Royale neighborhood includes a private pathway to the beach and easy access to endless shopping and dining attractions, world-renowned art galleries, the oceanfront Montage resort, and The Ranch at Laguna Beach, a luxurious resort and golf course in picturesque Aliso Canyon.
Listing description from the March 2025 sale, as reported to CRMLS.
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3 recorded sales
31112 Monterey Street sold for $3,850,000 in March 2025, 3.8% under its $4,000,000 list price, after 74 days on the market. That works out to $2,572 per square foot on 1,497 square feet. Across 236 closed sales in 92651 over the last 12 months, the median sold price is $3,242,213 and the median is $1,561 per square foot, 39% below this sale's $2,572. 3-bedroom rentals in 92651 currently list at a median of $11,998 a month (68 listings).
| Quarter | Closed sales in 92651 | Median sold price |
|---|---|---|
| Q1 2026 | 16 | $2,637,500 |
| Q2 2026 | 89 | $3,350,000 |
| Q3 2026 | 102 | $3,262,500 |
| Q4 2026 | 29 | $3,295,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Laguna Beach · Homes for sale in 92651
Closed sales reported in 92651, nearest first, last 12 months. All recent sales in Laguna Beach →
31112 Monterey Street
Contact Nura Motal
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Contact Listing Agent
Compass
DRE #01827197
Contact information is not available for this listing.