A 432-square-foot house on the Laguna Beach coastline is listed for $18.8 million, making it one of the most expensive properties per square foot in California at approximately $43,519 per square foot, according to KRON4.
Property Details
The structure sits on Marina Drive in Laguna Beach, a coastal city in Orange County south of Los Angeles. The home contains no bedrooms, one bathroom and ocean views.
The price per square foot ranks among the highest in real estate, KRON4 reported. The same $18.8 million would purchase a mansion with multiple rooms and a swimming pool in most California cities.
What Buyers Get
The 432 square feet equals the size of a small studio apartment. Without a bedroom, the sleeping area appears to be located in the living room based on the floor plan.
South Orange County’s coastal strip remains one of California’s most expensive real estate markets. Few vacant lots with direct water access remain available.
Market Context
Laguna Beach regularly appears on lists of California’s priciest coastal markets. The median home price exceeds the state average by several times. Property value depends on proximity to the waterline rather than building square footage.
The listing remains active on the market. No closing date has been announced.
Source: News | KRON4