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Additional details
Listed by Derek Larson • California Dream Luxury Homes & Investments
$6,994,950
Est. payment /mo
8 Beds
6 Baths
3,300 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $2,119
MLS Listing ID CROC25233708
Bedrooms 8
Full Baths 5
HOA Y/N No
Year Built 1955
Lot Size 7,241 Sqft
Property Sub-Type Detached
Source Datashare California Regional
Property Description
PRICED TO SELL! This is an extraordinary opportunity to live steps to Cress Street Beach in world famous Laguna Beach, or a builders dream property, and build up to 6, 1500sf luxury ocean view condos, easily valued at $16,500,000 combined. Currently, there are 2 ocean view homes on 1 oversized lot. The first home is a 3 Bedroom 2.5 bath 1400sf, completely detached, single level, and the second home is an 1800sf Duplex with amazing ocean views. The 3 elegantly appointed, and fully furnished 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, with the option to occupy both homes, or rent the duplex. What's more impressive, all 3 Villas are permitted for vacation rentals. Currently operating as an investment property, earning in excess of $400,000 annually, or perfect for the buyer that wants to live in paradise, while effortlessly earning $250,000+ from the duplex. The short term lodging permits will never expire! The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress
Location
State CA
County Orange
Interior
Cooling Other
Fireplaces Type Family Room
Fireplace Yes
Laundry Other
Exterior
Garage Spaces 3.0
Pool None
View Ocean
Private Pool false
Building
Lot Description Corner Lot
Story 1
Water Public
Schools
School District Laguna Beach Unified
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
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Vicky Van Brocklin
Broker | License ID: 01512910
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