45
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$8,995,000
Est. payment /mo
8 BD
6 BA
2,879 SqFt
Active
150 Cress Street Laguna Beach, CA 92651
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UPDATED:
02/06/2025 11:49 AM
Key Details
Property Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 2,879 sqft
Price per Sqft $3,124
MLS Listing ID OC25017354
Style All Other Attached
Bedrooms 8
Full Baths 5
Half Baths 1
HOA Y/N No
Year Built 1955
Lot Size 7,241 Sqft
Acres 0.1662
Property Description
Seller will entertain offers beginning at $8,995,000. Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique and elusive 3 Bedroom 2.5 bath single level home, with a vacation rental oceanfront duplex, at the doorstep of the pristine shores of Cress Street Beach. This highly coveted property features 2 homes on 1 over-sized lot, including 3 elegantly appointed 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 while boasting an impressive annual revenue of $250,000-$300,000 from the duplex alone. The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress Street, appropriately named "Laguna Vista" 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 additional two villas, separated by only one common wall between them, feature 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. Each villa is fully furnished, exuding luxury and comfort, providing both you and your guests with an idyllic beach vacation
Seller will entertain offers beginning at $8,995,000. Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique and elusive 3 Bedroom 2.5 bath single level home, with a vacation rental oceanfront duplex, at the doorstep of the pristine shores of Cress Street Beach. This highly coveted property features 2 homes on 1 over-sized lot, including 3 elegantly appointed 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 while boasting an impressive annual revenue of $250,000-$300,000 from the duplex alone. The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress Street, appropriately named "Laguna Vista" 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 additional two villas, separated by only one common wall between them, feature 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. Each villa is fully furnished, exuding luxury and comfort, providing both you and your guests with an idyllic beach vacation experience year-round. Whether indulging in the sun-kissed sands just beyond their doorstep, or savoring a sunset glass of wine by one of the four outdoor fire pits that overlook the magnificent ocean, it will be no surprise that your guests are drawn back to the enchanting Villas of Laguna Vista time and again, a testament to the propertys undeniable allure and year-round demand. Seize this remarkable opportunity to live and invest in a coastal gem that promises elegance, sustainability, and profitability. This is also a Luxury Builders Dream, value could come within striking distance of $20,000,000 with the addition of a second story. Your dream of owning a piece of paradise on the world famous shores of Laguna Beach awaits.
Seller will entertain offers beginning at $8,995,000. Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique and elusive 3 Bedroom 2.5 bath single level home, with a vacation rental oceanfront duplex, at the doorstep of the pristine shores of Cress Street Beach. This highly coveted property features 2 homes on 1 over-sized lot, including 3 elegantly appointed 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 while boasting an impressive annual revenue of $250,000-$300,000 from the duplex alone. The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress Street, appropriately named "Laguna Vista" 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 additional two villas, separated by only one common wall between them, feature 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. Each villa is fully furnished, exuding luxury and comfort, providing both you and your guests with an idyllic beach vacation experience year-round. Whether indulging in the sun-kissed sands just beyond their doorstep, or savoring a sunset glass of wine by one of the four outdoor fire pits that overlook the magnificent ocean, it will be no surprise that your guests are drawn back to the enchanting Villas of Laguna Vista time and again, a testament to the propertys undeniable allure and year-round demand. Seize this remarkable opportunity to live and invest in a coastal gem that promises elegance, sustainability, and profitability. This is also a Luxury Builders Dream, value could come within striking distance of $20,000,000 with the addition of a second story. Your dream of owning a piece of paradise on the world famous shores of Laguna Beach awaits.
Location
State CA
County Orange
Area Oc - Laguna Beach (92651)
Interior
Fireplaces Type FP in Family Room
Laundry Closet Stacked
Exterior
Garage Spaces 3.0
View Ocean
Total Parking Spaces 3
Building
Lot Description Corner Lot
Story 1
Lot Size Range 4000-7499 SF
Sewer Sewer Paid
Water Public
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Cash To New Loan
Listing Terms Cash, Conventional, Cash To New Loan
Special Listing Condition Standard
Virtual Tour https://150Cress.com/idx
Listed by Derek Larson • Derek Lee Larson