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Listed by Carter Waite • Compass
$ 1,999,000
Est. payment | /mo
2 Beds
3 Baths
1,238 SqFt
$ 1,999,000
Est. payment | /mo
2 Beds
3 Baths
1,238 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,238 sqft
Price per Sqft $1,614
MLS Listing ID CRLG25177679
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1936
Lot Size 2,805 Sqft
Property Sub-Type Detached
Source Datashare California Regional
Property Description
Exceptional investment & lifestyle opportunity in the heart of Laguna Beach. This shovel-ready project is a rare chance to build immediate equity in one of California’s most sought-after coastal communities. Skip the 2 year design review process and start renovations immediately. Plans have been approved and building permits issued to transform a charming single-story cottage into a modern coastal masterpiece. Situated on a desirable corner lot, the new design features vaulted ceilings throughout with an open-concept great room perfect for entertaining. Four sets of french doors bring in abundant natural light and provide easy access to enjoy the wraparound outdoor space. Both bedrooms are ensuite with dual vanities, and the primary suite offers a floating tub, walk-in closet, and direct patio access. Opportunity for significant equity upside as the after repair value appraised for $3,200,000 in March '25. Rare LBP zoning allows for flexible use as a short term rental and other residential/commerical uses. Prime location just 2 blocks from the beach and the vibrant heart of downtown Laguna. With a 96 walkscore, the property is surrounded by all the top restaurants, galleries, and shops. Whether you're looking to flip, hold as an income property, or create your dream beach homeâ
Location
State CA
County Orange
Interior
Heating Central
Cooling Central Air
Fireplaces Type Other
Fireplace Yes
Laundry Laundry Closet, Inside
Exterior
Pool None
View None
Private Pool false
Building
Lot Description Corner Lot, Landscaped
Story 1
Water Public
Schools
School District Laguna Beach Unified
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Qayes Abdulla
REALTOR® | Lic# DRE# 02150727