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A rare Village opportunity: a charming 1925 beach cottage on a substantial 4,800 sq ft R-2 lot in one of Laguna Beach's most walkable central locations. Just moments from the beach, downtown restaurants, galleries, shops, and Laguna's classic coastal lifestyle, 478 St. Ann's Drive offers something increasingly hard to find: usable land, character, income potential, and future flexibility in the heart of town. The updated 1-bedroom, 1-bath cottage is move-in ready and full of vintage Laguna charm, with a refreshed kitchen and bath, two flexible bonus spaces, a private deck, and lush outdoor areas that make the home live larger than its footprint. Enjoy it as a beach retreat, creative escape, mid-term rental, or income-producing hold while planning what comes next. The true value is the parcel. With R-2 zoning, a generous Village lot, and a premier walk-to-everything setting, the property offers multiple paths forward: preserve and enjoy the existing cottage, expand, design a custom Laguna residence, or explore duplex potential. Opportunities with this combination of location, lot size, charm, and flexibility are increasingly scarce in Central Laguna.
Property Type(s):
Single Family
| Last Updated | 6/12/2026 | Tract | The Village (VIL) |
|---|---|---|---|
| Year Built | 1925 | Community | LV - Laguna Village |
| County | Orange |
SCHOOLS
| Elementary School | Top Of The World |
|---|---|
| Jr. High School | Thurston |
| High School | Laguna Beach |
Price History
| Prior to Apr 30, '26 | $2,195,000 |
|---|---|
| Apr 30, '26 - Jun 12, '26 | $2,095,000 |
| Jun 12, '26 - Today | $1,995,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | LV - Laguna Village |
| LOT | 4800 sq ft |
| LOT DIMENSIONS | 4800 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | The Village (VIL) |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
Location
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Listed with Serhant California, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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