150 Cress Street St, Laguna Beach, CA 92651 (MLS # OC25149921)
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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 Street, it is a sophisticated single-level residence offering 3 spacious bedrooms and 2.5 opulent baths. This villa includes a private 1-car garage and a gated driveway accommodating up to 3 vehicles. The Duplex features 3 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, they share a separate two-car garage, accessed from an entirely different street, ensuring privacy and tranquility for the primary villa. This is a once in a lifetime opportunity. Your dream of owning a piece of paradise awaits, motivated seller, will not last long.
| DAYS ON MARKET | 59 | LAST UPDATED | 8/25/2025 |
|---|---|---|---|
| YEAR BUILT | 1955 | COMMUNITY | LV - Laguna Village |
| GARAGE SPACES | 3.0 | COUNTY | Orange |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Jul 26, '25 | $7,495,000 |
|---|---|
| Jul 26, '25 - Aug 25, '25 | $9,495,000 |
| Aug 25, '25 - Today | $8,249,000 |
| ADDITIONAL DETAILS | |
| AIR | Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Washer/Dryer Stacked |
| AREA | LV - Laguna Village |
| FIREPLACE | Yes |
| GARAGE | Attached Garage, Yes |
| INTERIOR | Master Downstairs |
| LOT | 7240 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | Attached |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 8/30/25 4:21 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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