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Listed by Greyson Benson • Serhant California, Inc.
$ 1,995,000
Est. payment | /mo
1 Bed
1 Bath
516 SqFt
$ 1,995,000
Est. payment | /mo
1 Bed
1 Bath
516 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 516 sqft
Price per Sqft $3,866
Subdivision Laguna Village
MLS Listing ID LG-26034989
Bedrooms 1
Full Baths 1
Year Built 1925
Lot Size 4,800 Sqft
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
Property Description
A rare Village opportunity: a charming 1925 beach cottage on a substantial 4,800 sq ft R-2 lot in one of Laguna Beach's most walkable central locations. Just moments from the beach, downtown restaurants, galleries, shops, and Laguna's classic coastal lifestyle, 478 St. Ann's Drive offers something increasingly hard to find: usable land, character, income potential, and future flexibility in the heart of town.
The updated 1-bedroom, 1-bath cottage is move-in ready and full of vintage Laguna charm, with a refreshed kitchen and bath, two flexible bonus spaces, a private deck, and lush outdoor areas that make the home live larger than its footprint. Enjoy it as a beach retreat, creative escape, mid-term rental, or income-producing hold while planning what comes next.
The true value is the parcel. With R-2 zoning, a generous Village lot, and a premier walk-to-everything setting, the property offers multiple paths forward: preserve and enjoy the existing cottage, expand, design a custom Laguna residence, or explore duplex potential. Opportunities with this combination of location, lot size, charm, and flexibility are increasingly scarce in Central Laguna.
The updated 1-bedroom, 1-bath cottage is move-in ready and full of vintage Laguna charm, with a refreshed kitchen and bath, two flexible bonus spaces, a private deck, and lush outdoor areas that make the home live larger than its footprint. Enjoy it as a beach retreat, creative escape, mid-term rental, or income-producing hold while planning what comes next.
The true value is the parcel. With R-2 zoning, a generous Village lot, and a premier walk-to-everything setting, the property offers multiple paths forward: preserve and enjoy the existing cottage, expand, design a custom Laguna residence, or explore duplex potential. Opportunities with this combination of location, lot size, charm, and flexibility are increasingly scarce in Central Laguna.
Location
State CA
County Orange
Area Lv - Laguna Village
Interior
Cooling None
Fireplaces Type None
Laundry Outside
Exterior
Pool None
Community Features Hiking, Watersports
View Y/N Yes
View Courtyard
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Schools
Elementary Schools Top Of The World
Middle Schools Thurston
High Schools Laguna Beach