32229 Coast Hwy

This iconic oceanfront property represents the opportunity to redefine an entire piece of prime coastline. Comprising approximately 4 acres across eleven contiguous parcels and commanding nearly 320 feet of sandy shoreline, this extraordinary Laguna Beach collection represents one of the most significant residential development opportunities ever offered along the Southern California coast. Positioned above a secluded cove at the southernmost tip of Thousand Steps Beach with panoramic views spanning the Pacific Ocean, Catalina Island, and the dramatic Laguna shoreline, the property combines unparalleled scale, irreplaceable location, and exceptional development potential in a manner rarely encountered and unlikely to be replicated. The true value of this offering lies not in the existing improvements, but in the opportunity to create a landmark coastal residential development capable of establishing a new benchmark for luxury living in one of California's most supply-constrained and globally sought-after markets. With an enviable trove of parcels, substantial ocean frontage, and advanced planning considerations already investigated, the property presents a unique opportunity to develop a transformative family compound or oceanfront community consisting of custom luxury residences, ultra-premium condominiums, or a thoughtfully integrated mixed residential vision designed to maximize both value and long-term market significance. While the property's highest and best use may be realized through its development potential, the estate also offers the rare alternative of creating one of the most significant multigenerational oceanfront compounds on the West Coast; an extraordinary private retreat capable of spanning generations and serving as a lasting family legacy. Further enhancing the investment profile, three newly renovated residences currently occupy the property and may provide interim rental income or executive housing accommodations while development plans, entitlements, and approvals are finalized; helping to offset holding and maintenance costs throughout the planning process. Opportunities of this magnitude are extraordinarily rare. A coastal assemblage of this scale, frontage, and development potential represents more than a real estate acquisition; it is an opportunity to shape the future of one of the most coveted stretches of coastline in Southern California and to create a project destined to become a defining landmark for generations to come.

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Provided By
Listed by Rob Smith (#U40142)
Listing Office: Compass (#NP60725)