150 Cress Street, Laguna Beach, CA 92651
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
Listed by: derek larson
Office: california dream luxury homes & investments
MLS#:CROC25149921
Source:CA_BRIDGEMLS
Price summary
- Price:$6,995,000
- Price per sq. ft.:$2,119.7
About this home
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
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Home facts
- Year built:1955
- Listing ID #:CROC25149921
- Added:131 day(s) ago
- Updated:November 15, 2025 at 04:58 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:6
- Full bathrooms:5
- Living area:3,300 sq. ft.
Structure and exterior
- Year built:1955
- Building area:3,300 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$6,995,000
- Price per sq. ft.:$2,119.7
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