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1902 Ocean Way, Laguna Beach, CA, 92651

5beds
6baths
3,062sqft
$13,295,000
$4,342price/sqft
$81,089/moest. monthly cost
$3,243,560/yrincome needed

About This Home

Brand-new and scheduled for completion in the third quarter of 2026, this exceptional coastal residence is sited on a premier elevated lot with sweeping views of the Pacific Ocean and Catalina Island, offering a rare opportunity in Laguna Beach’s coveted Woods Cove neighborhood. Currently under construction, with renowned architect Rory Foubister, and interiors and material curation by Kaytia Designs, the home is being reimagined into a sophisticated five-bedroom, five-and-one-half bath retreat. The offering includes a fully permitted approximately 1,000-square-foot ADU with its own ocean views and private kitchen. The residence blends timeless coastal architecture with refined material selections. Exterior features include clear vertical-grain cedar siding, AAA Stone Tundra Cream accents, limestone hardscape, Thermory ash wood used in select exterior applications including fencing and architectural detailing, and curated exterior lighting. Outdoor living is designed for entertaining with multiple seating areas, a spa, outdoor kitchen, and dramatic gas fire features. Interiors showcase wide-plank European French white oak flooring, limewash walls, and custom bleached white oak bespoke cabinetry throughout both the main residence and ADU. The chef’s kitchen features Perla Venata stone countertops, an oversized island, secondary prep kitchen, and professional-grade appliances including Sub-Zero refrigeration, BlueStar cooking, and Miele systems. Bathrooms are appointed with natural stone, Zellige tile, slab stone in the primary bath, steam shower, Toto fixtures, and washlets. Additional highlights include custom interior doors, Visual Comfort and Prado lighting, Town & Country gas fireplaces, zoned HVAC, Lutron lighting, and home automation. The home is being sold complete, with construction scheduled for completion in Q3 of 2026.

Getting Around

84
WalkingVery Walkable
37
TransitSome Transit
33
BikeSomewhat Bikeable

Schools

8/10
Thurston Middle SchoolGrades 6-81.6 mi
10/10
Laguna Beach High SchoolGrades 9-121.0 mi

Construction

Condition

  • Property condition: Additions/Alterations,Updated/Remodeled,Turnkey
  • Year built: 2026

Type & Style

  • Home type: SingleFamily
  • Architectural style: Modern,Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: 6 Burner Stove,Built-In Range,Barbecue,Convection Oven,Dishwasher,ENERGY STAR Qualified Appliances,Freezer,Disposal,Gas Oven,Gas Range,Gas Water Heater,Ice Maker,Microwave,Refrigerator,Range Hood,Water Softener,Tankless Water Heater,Water To Refrigerator,Water Purifier
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1
  • Main level bathrooms: 3
  • Main level bedrooms: 2

Features

  • Built-in Features,Balcony,High Ceilings,Living Room Deck Attached,Stone Counters,Recessed Lighting,Wired for Data,Primary Suite,Utility Room,Walk-In Closet(s)
  • Door features: Sliding Doors
  • Window features: ENERGY STAR Qualified Windows
  • Flooring: Wood
  • Fireplace features: Gas,Living Room
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central,Zoned
  • Cooling features: Central Air,Zoned

Interior Area

  • Total interior livable area: 3,062 sqft

Kitchen

  • Features: Built-in Trash/Recycling,Kitchen Island,Kitchen/Family Room Combo,Stone Counters,Remodeled,Updated Kitchen

Master Bedroom

  • Features: Primary Suite

Other

  • Features: Walk-In Closet(s)

Property

Accessibility

  • Accessibility features: Safe Emergency Egress from Home

Details

  • Parcel number: 64427616
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 3
  • Entry location: front
  • Pool features: None
  • Patio & porch: Deck
  • Exterior features: Lighting
  • Spa features: None
  • Fencing: Excellent Condition
  • Has view: Yes
  • View description: Catalina,City Lights,Neighborhood,Ocean,Panoramic,Water
  • Has water view: Yes
  • Water view: Ocean,Water
  • Waterfront features: Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway

Lot

  • Lot size: 6,477 sqft
  • Features: Back Yard,Landscaped,Rectangular Lot,Sprinkler System,Walkstreet,Yard

Parking

  • Total spaces: 5
  • Parking features: Door-Multi,Garage Faces Front,Garage,Deck
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Wildfire
    WildfireRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Earthquake
Wildfire
Heat Wave
Inland Flooding
Landslide

FEMA Declared Disasters in Orange County and California

Earthquake
Flood
Mud Landslide
Severe Storm
Snowstorm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $67,226$806,712
Home Insurance *$2,060$24,720
Property Taxes $11,147$133,764
Electricity $656$7,879
Total$81,089$973,068
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,780,194/yr
40% on housing$2,432,670/yr
45% on housing$2,162,373/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$4,342This listing

vs Other Active Listings

Avg $/sqft

ZIP 92651$2,096
Orange County$768

vs Homes Sold Last Month

Median $/sqft

ZIP 92651$1,559
Orange County$707

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-06Price change$13,295,000
2025-06-23Price change$6,749,000
2025-01-20Price change$7,495,000
2025-01-03Price change$7,150,000
2024-12-08Listed for sale$7,495,995
2022-04-20Sold$5,500,000
2022-03-15Listing removed--
2021-12-15Listed for rent$17,500
2021-11-19Listing removed--
2021-10-19Listed for rent$20,000
2021-09-30Listing removed--
2021-08-30Listed for rent$20,000
2021-04-13Sold$20,000
2021-01-12Listing removed--
2020-04-29Price change$20,000
2020-04-21Listed for rent$17,500
2010-04-23Sold$2,669,000
2010-02-08Listed for sale$2,999,000
2004-06-04Sold$2,900,000

For Sale by Agent

AgentJohn Stanaland
BrokerageThe Agency

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