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Fine Group Real Estate
150 Cress Street, Laguna Beach, CA 92651
- $7,000,000
- 8
- BD
- 6
- BA
Listed by Derek Larson, 949-677-4121 from California Dream Luxury Homes & Investments
(If provided) CoList: from
Sold listing courtesy of Derek Larson from
- Sold Price
- $7,000,000
- List Price
- $6,994,950
- Closing Date
- Feb 03, 2026
- MLS#
- CROC25233708
- Status
- SOLD
- Levels
- One Story
- Bedrooms
- 8
- Total Bathrooms
- 6
- Full Bathrooms
- 5
- Partial Bathrooms
- 1
- Lot Size
- 7,241
- Listing Area
- Lv - Laguna Village
- Year Built
- 1955
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 approximately $300,000 from the duplex. The short term lodging permits will never expire! The centerpiece of this extraordinary ensemble, is of course, the primary vill
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Additional Information
- Acres
- 0.17
- Age
- 71
- Bedroom Description
- Ground Floor Bedroom
- Fireplace Description
- Family Room
- Laundry Facilities
- Stacked Only
- Levels
- One Story
- Lot Size
- 7,241
- Neighborhood
- Lv - Laguna Village
- Pool Description
- None
- Sewer
- Sewer Available
- Unincorporated Yn
- Yes
- View
- Ocean View
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Fine Group Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
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