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2937 Terry Rd, Laguna Beach, CA, 92651

2beds
3baths
1,118sqft
$2,599,000
$2,325price/sqft
$16,485/moest. monthly cost
$659,400/yrincome needed

About This Home

Welcome to your dream coastal lifestyle and premier investment opportunity at 2937 Terry Road, an exceptional beach-cottage duplex in the highly coveted Victoria Highlands neighborhood of South Laguna Beach. Perfect for an income-generating property, a multi-generational sanctuary, or an owner-occupant looking to live in one and rent the other, this versatile multi-family residence features a distinct one-unit-up, one-unit-down layout with ocean views from both levels. The upper unit boasts soaring vaulted ceilings and exposed wood beams full of character, while the expansive lower unit offers direct access to a beautifully manicured backyard, complete with a cozy gas fire pit and a dedicated outdoor dining area perfect for al fresco entertaining. Embracing the true essence of Southern California living, this property balances a peaceful neighborhood setting with effortless proximity to Laguna's world-famous amenities. Just a short distance away lies the pristine shoreline of Victoria Beach, home to the iconic pirate tower, easily accessible via a convenient pedestrian tunnel under Coast Highway. Residents will enjoy being moments from the legendary Montage Resort for five-star dining and cliffside sunsets, as well as the newly built Laguna Beach Community & Recreation Center for fitness and local events. Highlighting the unmatched convenience of this location, a nearby stop for the complimentary Laguna Beach trolley makes exploring the vibrant downtown village, upscale boutiques, and renowned art galleries entirely effortless. Discover a spectacular chance to capture the ultimate beach lifestyle and secure a prime piece of real estate in one of the world's most beautiful coastal destinations.

Getting Around

59
WalkingSomewhat Walkable
37
TransitSome Transit
26
BikeSomewhat Bikeable

Schools

7/10
8/10
Thurston Middle SchoolGrades 6-82.0 mi
10/10
Laguna Beach High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1927

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Laundry features: Laundry Closet,Outside

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3

Cooling

  • Cooling features: Zoned

Features

  • Fireplace features: None
  • Common walls with other units/homes: 1 Common Wall

Interior Area

  • Total structure area: 1,118
  • Total interior livable area: 1,118 sqft

Property

Details

  • Parcel number: 65616309
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: 1
  • Pool features: None
  • Spa features: None
  • Has view: Yes
  • View description: Coastline,Ocean
  • Has water view: Yes
  • Water view: Coastline,Ocean

Lot

  • Lot size: 2,614 sqft
  • Features: Back Yard

Parking

  • Total spaces: 3
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 1

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
  • Landslide
    LandslideRelatively High
  • Wildfire
    WildfireRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Landslide
Wildfire
Heat Wave
Inland Flooding

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 $13,141$157,692
Home Insurance *$402$4,824
Property Taxes $2,544$30,528
Electricity $398$4,786
Total$16,485$197,820
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$565,200/yr
40% on housing$494,550/yr
45% on housing$439,600/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

$2,325This listing

vs Other Active Listings

Avg $/sqft

ZIP 92651$2,116
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
2026-06-11Listed for sale$2,599,000
2025-03-26Listing removed$4,000
2024-11-21Price change$4,000
2024-10-23Listed for rent$4,250
2024-10-03Listing removed$4,250
2024-09-13Listed for rent$4,250
2024-08-21Listing removed$4,250
2024-08-14Price change$4,250
2024-07-02Price change$4,500
2024-05-30Price change$4,000
2024-02-16Listed for rent$4,500
2024-02-08Listing removed--
2023-12-15Listed for rent$4,500
2023-11-27Listing removed--
2023-06-21Listed for rent$4,500
2023-06-08Listing removed--
2023-05-10Listed for rent$4,500
2021-02-24Listing removed--
2020-06-08Listing removed$2,850
2020-05-22Price change$2,850
2020-05-15Listed for rent$2,800
2019-06-24Sold$995,000
2019-05-09Pending sale$995,000
2019-05-04Listed for sale$995,000
2012-09-20Listing removed$1,800

For Sale by Agent

AgentLance Nassau
BrokerageThink Boutiq Real Estate

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