Laguna Beach CA. Real Estate
Laguna Beach real estate extends along an 8.5 stretch of undulating beaches from three Arch Bay in the south to Crystal Cove in the north. The city was originally founded in 1887, and was incorporated in 1927. The first significant real estate development came in the form of Hotels. The first hotel built was the Laguna Hotel which was constructed in 1896. The first residential homes were built in the mid 1910's. The first major wave of home construction started in 1940 with about 2,400 homes, and grew by annexations. Laguna Beach added about 1,600 units that decade, 2,200 the following decade, and 2,500 residential units in the 1960s. In the 1970s, Laguna Beach built about 2,000 units and in the 1980s, about 1,200. Since then, the town has built about 1,000 units and in recent years has slowed down substantially for there is very little land remaining that can be built upon.
The hilly terrain coupled with stringent building codes makes home construction very challenging. The city slopes slightly in from the beach, and then the town ascends into hills (some slight, some steep) and many areas are divided by deep canyons. Much of the land outside the city has been placed into regional parks for public use for hiking, horse trails, bird watching. Due the city's hilly topography, Laguna Beach remains relatively isolated from the rest of Orange County much to the delight of many locals.
For much of its modern life, Laguna Beach built modestly. The most popular home was a two bedroom unit, followed by the three bedroom residences. In the 1980s, the market for larger homes heated up and Laguna Beach followed. Many of these homes can be found in the hills. In and about downtown Laguna Beach, many homes have a beach-cottage look. Moving into the hills, appearances take on a more residential appearance with many homes offering a stunning ocean view. The city has laws to protect views.
The vast majority of residential housing constructed in Laguna Beach were individually crafted, custom built homes and master planned subdivisions with cooking cutter homes are essentially non-existent. This wide variety of architecture and home styling is part of the cities charm.
Laguna Beach real estate is some of the most coveted and expensive in southern California. The typical detached home in Laguna Beach consists of 3 bedroom, 2.5 baths and averages about 1,900 square feet in living area, and sells in the range of $840 per square foot which is one of the highest prices per square foot in the nation. One of the great benefits of the cities hilly terrain, is that many home sites provide a sweeping panoramic view of the pacific ocean. Today, there are very few detached homes for sale for less then $1 Million and these few properties are essentially being sold for their land value.
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Laguna Beach Real Estate
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