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787 S Coast Hwy, Laguna Beach, CA 92651
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787 S Coast Hwy Laguna Beach, CA 92651

$2,900,000 Sold Price as of 08/31/2022
  • -- Beds
  • -- Baths
  • 1,250 Sq.Ft.
Sold
$2,900,000 Sold Price as of 08/31/2022 Refinance Your Mortgage
Map preview of 787 S Coast Hwy, Laguna Beach, CA 92651

Property Overview: 787 S Coast Hwy Laguna Beach, CA has -- bedrooms, -- bathrooms, 1,250 living square feet and 5,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 787/797 S. Coast Hwy (ocean side of Coast), a one-of-a-kind property, gives you - the smart investor/creator - a way of showcasing your innovative thinking. One of Laguna Beach's most sought-after micro-markets - south side of the Village District and entrance to the Historic and Interesting Places (HIP) District. This is "the" destination for trendsetters, surf enthusiasts, artisans, and all who take pride in residing in a sustainable seaside community. Featuring a charming 101-year-old beach cottage board and batten construction, exposed wood-gable ceiling, open floor plan, allowing you to hear the waves crashing 50 steps from St. Ann's Beach. A charming open plan with tranquil shaded patio and carriage unit and bath (room for a kitchenette). The expansive garden is communing with nature at its finest – overlooking the ocean and featuring three different gathering spots, patio hardscape, artisan pavers, lush grassy lawn, and storage shed. Underlying C1 zoning, extraordinary long-term investment opportunity, with jewel-home improvements, providing the luxury of time to dream up the property's next 100-year chapter. Immediately across St. Ann's, the landmark Laguna Riviera Hotel is undergoing a planned multi-million-dollar renovation to a contemporary/"Scandi-boho" design and holistic hospitality offering. This location is famous for its distinctive surf scene and gateway to a string of renowned surf beaches. Two separate parcels: 787 S. Coast (the "cottage" APN: 644-023-06) and 797 S. Coast (the "garden" APN: 644-023-07). Each parcel features 2,500 sf of land area (25' by 100'), 5,000 sf combined, offered for sale together. The existing cottage pre-dates underlying zoning and is defined by the City as a "legal nonconforming use." Two car parking (three if you add the carriage unit), steps to the beach, groceries, farmer's markets, shopping, restaurants, and more – "walk, bike or skateboard to everything" fully immersed in an artist community like none other. **DISCLOSURE NOTE: According to County Assessor records the property is 640 livable sf. Listed square feet of 1,250 is based on an approximate measurement of the existing residence (including the finished garage). Buyer to satisfy themselves. Additionally, it is not known if the finished garage space was legally permitted. Non-historic, according to City of Laguna Beach records.**

Listed by Kenneth Robertson | BRE #01136936 | Cove Canyon
Last checked: 2 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 52

Home details

Lot Sq. Ft
5,000
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
LG22094836
City
Laguna Beach
County
Orange
Time on Site
727 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 787 S Coast Hwy

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • Washer Hookup
Interior Features
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Asphalt
  • Has Fence
  • Average Condition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Total # of Units: 1
  • Parcel Number: 64402306
  • Year Built Source: Assessor
  • Entry Level: 2
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
Location / Neighborhood
Location Information
  • Directions: Property access from Gaviota Dr. via St Ann's Dr. at S Coast Hwy
View more facts & features

Local Laguna Beach Agent

Sale History for 787 S Coast Hwy

Last sold for $2,900,000 on August 31st, 2022

  • August, 2022

  • Aug 31, 2022

    Date

    Sold

    CRMLS: LG22051167

    $2,900,000

    Price

  • Mar 15, 2022

    Date

    Active

    CRMLS: LG22051167

    $4,250,000

    Price

  • Listing provided courtesy of CRMLS

  • August, 2022

  • Aug 31, 2022

    Date

    Sold

    CRMLS: LG22094836

    $2,900,000

    Price

  • May 6, 2022

    Date

    Active

    CRMLS: LG22094836

    $4,250,000

    Price

  • October, 2018

  • Oct 11, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2017

  • Dec 30, 2017

    Date

    Sold

    CRMLS: OC17280982

    $2,700,000

    Price

  • Dec 30, 2017

    Date

    Active

    CRMLS: OC17280982

    $2,725,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity in the Laguna Village area. On the oceanside corner of Coast Highway and St Annes street the property consists of two separate parcel numbered lots consisting of 5000 square feet with 50 feet of frontage on Coast Highway. Currently the property contains an ocean view 1250 sq ft residential unit on the north lot and a forever unobstructed ocean view manicured yard and garden space on the south lot. Three blocks from downtown Laguna Village this prime property is only 50 yards to the water. The property is zoned commercial C and can accommodate a wide variety of uses. Mixed zoning allows room to build your hotel, bed and breakfast or many other commercial use spaces in the village. Build a commercial building right on PCH with a residential component and it will forever be income producing as well as your personal use beach house! This property is hard to duplicate and a fantastic opportunity!

  • December, 2017

  • Dec 28, 2017

    Date

    Sold (Public Records)

    Public Records

    $2,700,000

    Price

  • November, 2017

  • Nov 10, 2017

    Date

    Canceled

    CRMLS: OC17208921

    $2,725,000

    Price

  • Nov 4, 2017

    Date

    Active

    CRMLS: OC17208921

    $2,725,000

    Price

  • Nov 3, 2017

    Date

    Hold

    CRMLS: OC17208921

    $2,725,000

    Price

  • Oct 21, 2017

    Date

    Price Change

    CRMLS: OC17208921

    $2,725,000

    Price

  • Sep 27, 2017

    Date

    Price Change

    CRMLS: OC17208921

    $1,995,000

    Price

  • Sep 9, 2017

    Date

    Active

    CRMLS: OC17208921

    $2,400,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity in the Laguna Village area. On the oceanside corner of Coast Highway and St Annes street the property consists of two separate parcel numbered lots consisting of 5000 square feet with 50 feet of frontage on Coast Highway. Currently the property contains an ocean view 1250 sq ft residential unit on the north lot and a forever unobstructed ocean view manicured yard and garden space on the south lot. Three blocks from downtown Laguna Village this prime property is only 50 yards to the water. The property is zoned commercial C and can accommodate a wide variety of uses. Mixed zoning allows room to build your hotel, bed and breakfast or many other commercial use spaces in the village. Build a commercial building right on PCH with a residential component and it will forever be income producing as well as your personal use beach house! This property is hard to duplicate and a fantastic opportunity!

  • November, 2017

  • Nov 10, 2017

    Date

    Canceled

    CRMLS: OC17207225

    $2,725,000

    Price

  • Nov 4, 2017

    Date

    Active

    CRMLS: OC17207225

    $2,725,000

    Price

  • Nov 3, 2017

    Date

    Hold

    CRMLS: OC17207225

    $2,725,000

    Price

  • Oct 21, 2017

    Date

    Price Change

    CRMLS: OC17207225

    $2,725,000

    Price

  • Sep 26, 2017

    Date

    Price Change

    CRMLS: OC17207225

    $1,995,000

    Price

  • Sep 9, 2017

    Date

    Active

    CRMLS: OC17207225

    $2,400,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity in the Laguna Village area. On the oceanside corner of Coast Highway and St Annes street the property consists of two separate parcel numbered lots consisting of 5000 square feet with 50 feet of frontage on Coast Highway. Currently the property contains an ocean view 1250 sq ft residential unit on the north lot and a forever unobstructed ocean view manicured yard and garden space on the south lot. Three blocks from downtown Laguna Village this prime property is only 50 yards to the water. The property is zoned commercial C and can accommodate a wide variety of uses. Mixed zoning allows room to build your hotel, bed and breakfast or many other commercial use spaces in the village. Build a commercial building right on PCH with a residential component and it will forever be income producing as well as your personal use beach house! This property is hard to duplicate and a fantastic opportunity!

  • September, 2017

  • Sep 8, 2017

    Date

    Canceled

    CRMLS: OC17079121

    $2,750,000

    Price

  • Aug 10, 2017

    Date

    Price Change

    CRMLS: OC17079121

    $2,750,000

    Price

  • Jul 25, 2017

    Date

    Price Change

    CRMLS: OC17079121

    $2,599,999

    Price

  • Jul 23, 2017

    Date

    Price Change

    CRMLS: OC17079121

    $2,799,998

    Price

  • Jul 12, 2017

    Date

    Price Change

    CRMLS: OC17079121

    $2,799,999

    Price

  • May 24, 2017

    Date

    Price Change

    CRMLS: OC17079121

    $2,999,999

    Price

  • Apr 13, 2017

    Date

    Active

    CRMLS: OC17079121

    $3,179,000

    Price

  • Listing provided courtesy of CRMLS

    Investor Special - VRBO -Seller motivated - ready to go - make offer -try to find a house this close the sand with options to build up and out on 5000 sq ft lot. so much potential next to the beach. Build a commercial building right on PCh and it will forever be income producing ! Home directly across sold last month for 14 million. . 3 blocks from downtown Laguna .Steps from the sand- zoned Residential/ Commercial. Mixed use In the village , this double lot sits right on coast highway perfect prime location. Mixed zoning allows Room to build your hotel, bed and breakfast or anything in the village. 1250 sq ft home sits on first lot . No historical designation (buyer to verify)and non drawn plans to build up to 2000 sq ft house and a 1000 sq ft commercial building directly on PCH .Actual address is 787-789 South Coast Highway. Your dream home in the most central area of Laguna Beach awaits .Buyer to verify VRBO accessibility, sq footage and future use .

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Tax History for 787 S Coast Hwy

Assessed Value (2020): $1,428,000
Year Land Value Improved Value Assessed Value
2020 $1,326,000 $102,000 $1,428,000

Home Value Compared to the Market

This property vs the competition

787 S Coast Hwy sold on August 31, 2022 for 14.11% higher than the current median sold price for the city of Laguna Beach which is $3,330,000. The median sold price per/sqft for Laguna Beach is $1,531 and this home is sold at $3040 per/sqft which puts the price per square foot 98.56% higher than the current median sale per square foot for the city of Laguna Beach.

About 787 S Coast Hwy

Detailed summary of property

787 S Coast Hwy is a mixed use that recently sold in Laguna Beach, CA 92651. This mixed use property offered -- bedrooms, -- bathrooms, roughly 1,250 living square feet, and sits on an approximately 5,000 square foot lot. 787 S Coast Hwy was first listed on ArdentRealEstateGroup.com on May 6, 2022. The homeowner sold the property for $2,900,000. Home in Laguna Beach are selling for a median price of $3,330,000 and a median price per square foot of $1,531. Based on Ardent Real Estate Group's Laguna Beach Market Data, this home is sold 14.11% higher than the current median priced home. Local homes that are currently for sale include 1101 Atlantic Ave, 11627 Fidel Ave and 928 Long Beach Blvd. While the average home in Laguna Beach, CA is selling in 94 days, 787 S Coast Hwy has a days on market of 52 days. There are currently 161 homes for sale in the Laguna Beach real estate market and 141 of them are single family homes while 20 of them are condos and 0 are townhomes. For more information on this home for sale at 787 S Coast Hwy Laguna Beach, CA 92651 contact Ardent Real Estate Group and we will put you in touch with one of our Laguna Beach agents.

Public Facts for 787 S Coast Hwy

Public county record property details
Beds
1
Baths
1
Year built
1921
Sq. Ft.
640
Lot Size
2,500
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
--
APN
644-023-06

The source for these homes facts are from public records.

92651 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,250,000
Median List Price/Sq.Ft.
$1,759
Median Sold Price
$3,330,000
Median Sold Price/Sq.Ft.
$1,531
Total Inventory
159
Median Sale to List Price %
95.28%
Avg Days on Market
52
Loan Type
Conventional (24.14%), FHA (0%), VA (0%), Cash (48.28%), Other (27.59%)

Thinking of Selling?

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Recently Sold Homes Near 787 S Coast Hwy

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395 2nd St, Laguna Beach, CA 92651
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222 Ocean Ave, Laguna Beach, CA 92651
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319 3rd St, Laguna Beach, CA 92651
$1,200,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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