506 N. Coast Hwy., Laguna Beach, CA 92651
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
506 N. Coast Hwy.,Laguna Beach, CA 92651
$17,500,000
- 4 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: connie maxsenti
Office: coldwell banker realty
MLS#:LG26020416
Source:San Diego MLS via CRMLS
Price summary
- Price:$17,500,000
About this home
Opportunity Knocks. Arabella Laguna is a rare trophy property, held under the same ownership since 1976, offering exceptional versatility and irreplaceable income potential. Currently operating as a highly successful short-term rental compound, it may also serve as a private residence with income, multi generational family compound, or long-term rental investment. Located at the north end of Gallery Row, the property is minutes to Heisler Park, the beach, downtown Laguna Beach, shopping, and dining. Comprised of two legal parcels and four buildings, including two historic cottages listed on the City of Laguna Beach Historic Inventory. Buyers may qualify for Mills Act benefits, subject to their own investigation. The Myrtle Cottage is a 3-bedroom, 3-bath historic residence configured as two units: Upper level: 2 bedrooms, 2 baths, kitchen, sun porch Lower level: 1 bedroom with caterer's kitchen and expansive veranda/sunroom, used for special events and owner's quarters or office The Jacaranda Cottage is a charming single-level 1-bedroom, 1-bath home with large living room, sun porch, full kitchen, and laundry room. Two additional rear buildings (circa 1940) include two studio apartments, three one-bedroom apartments, and an additional sleeping room currently used as storage. The residences surround a lush, private central courtyard. Amenities include eight garages (one converted to laundry/storage) and three laundry areas. Operating continuously as short-term rentals since 2001, the property benefits from a rare, grandfathered, transferable permit that cannot be obtained again. A 14% Transient Occupancy Tax is paid to the City of Laguna Beach on stays under 31 days. Reservations are generated via Airbnb, Expedia, Booking.com, Visit Laguna Beach, and the property's private website. Seller will only sell both parcels together. Sale subject to a concurrent 1031 exchange...
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Home facts
- Listing ID #:LG26020416
- Added:45 day(s) ago
- Updated:March 20, 2026 at 02:17 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:5
Heating and cooling
- Cooling:Wall/Window
- Heating:Combination Heating
Structure and exterior
- Roof:Composition
- Construction Materials:Stucco, Wood
- Levels:2 Story
Finances and disclosures
- Price:$17,500,000
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