Add The California Post on Google A rare slice of Laguna Beach coastline has hit the market for a staggering $95 million — and the buyer could end up reshaping one of Southern California’s most coveted stretches of sand.
The oceanfront property at 32229 Coast Highway sits at the southern end of Thousand Steps Beach, spanning roughly 3.7 acres across 11 contiguous parcels, according to the listing.
The massive coastal spread includes nearly 320 feet of sandy shoreline and 161,172 square feet of land perches above a secluded cove.
Exclusive photos shot for The California Post show the sweeping site overlooking the Pacific Ocean, Catalina Island and the rugged Laguna Beach shoreline.
The eye-popping listing comes just weeks after another Laguna Beach oceanfront property shattered Orange County’s residential sales record, selling for $110 million in an all-cash, off-market deal in Emerald Bay.
That June 9 sale blew past the county’s previous $70 million record — also set by an oceanfront Laguna Beach property — and fueled expectations that more nine-figure deals could soon hit the ultra-luxury coastal Orange County market.
But unlike that record-breaking mansion sale, the real draw of the Coast Highway property is not what already sits on the land.
The listing pitches the property as a once-in-a-generation development opportunity, with enough scale and frontage to potentially create a landmark luxury residential project in one of California’s tightest and most sought-after coastal markets.
A buyer could pursue anything from a sprawling multigenerational family compound to custom oceanfront residences, ultra-premium condominiums or a broader residential project, according to the listing.
The property currently includes three newly renovated residences, which could be used as rental homes or executive housing while any future development plans, permits and approvals are pursued.
That interim use could help offset the cost of holding the property while the next owner works through the lengthy coastal planning process.
The listing describes the assemblage as less of a traditional home sale and more of a chance to control a major piece of prime Laguna Beach coastline.
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