New to the market in South Laguna Beach is an oceanfront estate in the city’s gated Three Arch Bay community.

Located at 32 North La Senda Drive, this home occupies a large double lot and is listed for $14,250,000 – which makes it the eighth-priciest home for sale in Laguna Beach (that is listed for sale in the MLS).

The 1970-built home has 4 bedrooms, 5.5 bathrooms, 5,144 square feet of living space on a 19,920-square-foot lot and superb ocean views. That breaks the price down to $2,770 per square foot.

For this area, this lot is pretty massive. It does, however, need some work done. In a sense, it’s a bit of a fixer-upper.

Here is the listing description:

“Dramatic panoramic views of the coastline and city lights! Here is your opportunity to own one of the most UNIQUE DOUBLE LOT OCEANFRONT estates in the gated community of Three Arch Bay and possibly in all of Orange County! This trophy property has a private gated entry and large circular driveway with courtyard. With a BLUFF TOP LOCATION that cannot be accomplished today, this home has OCEAN VIEWS FROM EVERY ROOM from 3 viewing decks. Private steps lead to your own natural saltwater pool access to secluded Picture Bay Cove. Enjoy watching whales dolphins pass by while listening the soothing sounds of waves crashing on the bedrock beach. The home needs some improvement to reach its full value; it can be remodeled and added on to. Plans have been approved through the city design review. Bring your creativity and personal touch to create your perfect dream home. Property is 110ft Wide at Bluff Line spans 150ft at water’s edge.”

There are no Mello-Roos taxes and HOA fees of $175 and $65.

This home last sold for $7.9 million in May 2004.

Andy Stavros of Teles Properties is the listing agent.

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