787 S Coast, Laguna Beach, CA 92651

$3,799,999
List Price
$3,799,999
Price Change
▼ $450,001 1652825261
Status
ACTIVE
MLS#
LG22094836
Year Built
1921
Lot Size
5,000
Acres
0.1148
Lot Location
Corner Lot
Days on Market
15
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

787/797 S. Coast Hwy (ocean side of Coast), a one-of-a-kind property, gives you - the smart investor/creator - a way of showcasing your innovative thinking. One of Laguna Beach's most sought-after micro-markets - south side of the Village District and entrance to the Historic and Interesting Places (HIP) District. This is "the" destination for trendsetters, surf enthusiasts, artisans, and all who take pride in residing in a sustainable seaside community. Featuring a charming 101-year-old beach cottage (non-historical), board and batten construction, exposed wood-gable ceiling, expansive open space, allowing you to hear the waves crashing 50 steps from St. Ann's Beach. A charming open plan, approx. 750 sf upper level with tranquil shaded patio and approx. 500 sf in the newly completed carriage unit and bath (room for a kitchenette). The expansive garden is communing with nature at its finest – overlooking the ocean and featuring three different gather spots, patio hardscape, artisan pavers, lush grassy lawn, and storage shed. Underlying C1 zoning, extraordinary long-term investment opportunity, with jewel-home improvements, providing the luxury of time to dream up the property's next 100-year chapter. Laguna's HIP District is rapidly transforming into a global destination, inviting inspired get-aways, and creative retreats, growing in value due to our work-from-anywhere world. Immediately across St. Ann's, the landmark Laguna Riviera Hotel, (acquired by SCP Hotels in October 2021), is undergoing a planned multi-million-dollar renovation to a contemporary/"Scandi-boho" design and holistic hospitality offering. This location between Cleo Street and St. Ann's Drive is historically significant – famous for its distinctive surf scene and gateway to a string of renowned surf beaches. Two separate parcels: 787 S. Coast (the "cottage" APN: 644-023-06) and 797 S. Coast (the "garden" APN: 644-023-07). Each parcel features 2,500 sf of land area (25' by 100'), 5,000 sf combined. Offered for sale together. The existing cottage pre-dates underlying zoning and is defined by the City as a "legal nonconforming use." Two car parking (three if you add the carriage unit), steps to the beach, groceries, farmer's markets, shopping, restaurants, and more – "walk, bike or skateboard to everything" fully immersed in an artist community like none other. Setting the standard for health, sustainability, art, and surf culture for locals and visitors alike.

Additional Information

Heat
None
Cooling Description
None
Roof
Asphalt
Water
Public
Attached Structure
Detached
Number Of Units Total
1
Water Features
OceanSideOfHighway

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Kenneth Robertson from Listing Office: Surterre Properties

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.