Laguna Beach real estate is some of the most beautiful and most coveted real estate in the world.
Laguna Beach, California is known for its beauty, recreation, glamor, art incubation, and quirky culture.
For a reason, some of the globe’s most notable, accomplished, and wealthy citizens own Laguna Beach real estate – because it’s a wonderful place to call home.
With a population of only 23,000, Laguna Beach is actually a “small town.” If you live locally, it’s hard to walk anywhere in town without running into someone you know.
At the same time, Laguna Beach is a global tourist destination and attracts approximately 6 million visitors every year.
All of these combined factors make the Laguna Beach real estate market nuanced, unique, and usually more expensive compared to the Orange County real estate market generally or the national real estate market.
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Is Laguna Beach Real Estate Too Expensive?
Naturally, the answer to that question depends at least partially on whether your pocketbook can cover all of your wants.
It also depends on where your values lie: do you need to have an ocean view and 3,000 square feet of space? Do you want proximity to downtown, rustic charm, and modern upgrades?
A Laguna Beach zip code means paying a premium for your home, but there are many other factors you have control over that also affect the price of your home.
It all boils down to: what you want, what you can afford, and if necessary – whether you are willing to compromise what you want for what you can afford.
What is Your Primary Purpose for Buying Laguna Beach Real Estate?
Depending on your purpose for buying Laguna Beach real estate, as well as unique factors affecting your personal, familial, and career goals, you will have specific needs relevant to your home search.
When serving clients, the first question I want answered is the reason for buying the property, which usually comes down to one of the following three reasons:
- To own a primary residence,
- To own a vacation home, or
- To own an investment property.
The more communication you and your real estate broker have about your motivations, plans, and personal circumstances, the greater your long-term happiness will be with the property you ultimately decide to purchase.
Once the reason for your purchase is established (and all of your requirements, hopes and wants that come with that purpose), you may next want to consider – in which part of Laguna would you like to live?
Best Laguna Beach Locations: Where Should You Purchase Laguna Beach Real Estate?
The Multiple Listing Service (MLS), where realtors list real estate for sale, divides Laguna Beach into 4 main areas:
- Laguna Canyon
- North Laguna
- South Laguna, and
- Laguna Village.
Although Laguna’s culture of art, quirk, success, and beauty permeates the entire city, there are notable features within these different regions of Laguna Beach – each with its own idiosyncrasies.
Laguna Beach Real Estate in Laguna Canyon
The “Laguna Canyon” area is shaped like a long strip, beginning in the north alongside El Toro Road, and extending south along Highway 133 until it hits Broadway Street in downtown Laguna.
There are really two main cultures in the Laguna Canyon area.
At its most northern point lies a suburb known as California Cove, located on the northwest corner of El Toro Road and the 73 highway.
California Cove real estate is usually the most affordable in all of Laguna Beach, and its residents are still able to enjoy the Laguna Beach school district.
The rest of Laguna Canyon real estate lies mostly to the east side of Highway 133, and is described below.
Laguna Canyon Culture
Laguna Canyon is home to the Laguna College of Art and Design (LCAD) and the Sawdust Festival. Consequently, many of its residents are art students and artists.
Laguna Canyon is a popular location for hiking and mountain biking, with numerous trails running through the Laguna Coast Wilderness, Crystal Cove, and Aliso and Wood Canyons parks.
Laguna Canyon is a good location for those who prefer a bit more seclusion and rural atmosphere than other parts of Laguna.
Laguna Beach Real Estate in North Laguna
North Laguna real estate borders begin on the south at Broadway Street, and extend north to the Irvine Cove development at Morro Ridge Road.
North Laguna Culture
Because North Laguna is home to the private gated communities of Irvine Cove and Emerald Bay, and is close in proximity to Newport Beach, North Laguna has a more “Newport-feel” – extremely affluent and exclusive.
Close to the Crystal Cove State Park, Fashion Island in Newport Beach, and hugging the beautiful Pacific Coast Highway and Pacific Ocean, North Laguna is truly a beautiful place to live.
Laguna Beach Real Estate in South Laguna
South Laguna real estate is found south of Laguna Village, and is bordered to the north at the Montage Hotel, and to the south by Dana Point.
South Laguna Culture
South Laguna is perhaps the polar opposite from North Laguna in its culture as much as in its geography.
South Laguna has a very relaxed, laid-back, and strong local vibe. Peppered with local businesses, art galleries, and great beaches, South Laguna has a lot of variety to offer its residents.
Laguna Beach Real Estate in Laguna Village
Laguna Village real estate is located in central Laguna Beach.
The Laguna Village area, includes downtown, stretches up the hill to Top of the World, and south/ southeast to the Pacific Ocean.
Laguna Village Culture
Laguna Beach residents living in Laguna Village have the advantage of being a short walking distance or trolley ride to all of the Laguna Beach restaurants, bars, and shopping located in downtown.
Heavily laden with tourists, Laguna Village is bustling and vibrant. It’s not uncommon to walk through downtown Laguna and overhear conversations spoken in many different languages, as Laguna Beach has frequent visitors from all over the world.
Don’t Miss Out on Laguna Beach Real Estate Updates
If you are in the market to buy Laguna Beach real estate, you should be aware of the state of the current, local market.
I create a monthly Laguna Beach Real Estate Market Report that focuses solely on the Laguna Beach real estate market.
To subscribe to the monthly report, just text “LagunaHomes” (no spaces) to 44222.
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