It’s Not the House, It’s the Land

A tiny ~400 sq. ft. oceanfront studio in Laguna Beach has just been listed for an astonishing $18.8 million. At first glance, it makes no sense. But here’s the reality : • The home itself is nearly irrelevant • The value lies in the rare 8,500 sq. ft. oceanfront lot • It offers panoramic coastal views + private beach access • Most importantly, it presents a once-in-a-generation redevelopment…