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Seller will entertain offers beginning at $8,995,000. Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique and elusive 3 Bedroom 2.5 bath single level home, with a vacation rental oceanfront duplex, at the doorstep of the pristine shores of Cress Street Beach. This highly coveted property features 2 homes on 1 over-sized lot, including 3 elegantly appointed ocean-view villas, 120, 130, & 150 Cress Street are set on an expansive and meticulously hardscaped lot. Perfectly suited for an exquisite owner-occupied residence, or for the most discerning real estate investor. This remarkable property allows the owner to enjoy one of the most coveted beach house locations in Southern California while boasting an impressive annual revenue of $250,000-$300,000 from the duplex alone. The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress Street, appropriately named "Laguna Vista" is a sophisticated single-level residence offering 3 spacious bedrooms and 2.5 opulent baths. This villa includes a private 1-car garage and a gated driveway accommodating up to 3 vehicles. The additional two villas, separated by only one common wall between them, feature 3 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, they share a separate two-car garage, accessed from an entirely different street, ensuring privacy and tranquility for the primary villa. Each villa is fully furnished, exuding luxury and comfort, providing both you and your guests with an idyllic beach vacation experience year-round. Whether indulging in the sun-kissed sands just beyond their doorstep, or savoring a sunset glass of wine by one of the four outdoor fire pits that overlook the magnificent ocean, it will be no surprise that your guests are drawn back to the enchanting “Villas of Laguna Vista” time and again, a testament to the property’s undeniable allure and year-round demand. Seize this remarkable opportunity to live and invest in a coastal gem that promises elegance, sustainability, and profitability. This is also a Luxury Builders Dream, value could come within striking distance of $20,000,000 with the addition of a second story. Your dream of owning a piece of paradise on the world famous shores of Laguna Beach awaits.
Property Type(s):
Multi Family
| Last Updated | 2/5/2025 | Year Built | 1955 |
|---|---|---|---|
| Community | Laguna Village | Garage Spaces | 3.0 |
| County | Orange |
SCHOOLS
| School District | Laguna Beach Unified |
|---|
Additional Details
| AIR | Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Laguna Village |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HOA DUES | 0 |
| INTERIOR | Bedroom on Main Level, Main Level Primary |
| LOT | 7241 sq ft |
| LOT DESCRIPTION | Corner Lot |
| POOL DESCRIPTION | None |
| SEWER | Sewer Tap Paid |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
Location
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Listed with Derek Lee Larson
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