787 S Coast Laguna Beach, 92651

Bedrooms:
1
Bathrooms:
2
Square Feet:
1,250 sqft
Price $3,799,999 .00
Approx /month
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Sale Price:
$3,799,999
Loan Type:
Conventional - 5% down
FHA - 3.5% down
VA - 0% down
Additional $ Down:
Total Down Payment:
Loan Term: (years)
Interest Rate: (%)
Property Tax: (year)
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Virtual Tour of 787 S Coast , Laguna Beach 92651

Property Description

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.**

General Information

Listing Broker:
Surterre Properties
Listing Agent:
Kenneth Robertson
CalBRE#:
01136936
Price:
$3,799,999
Status:
Active
Listing Updated:
6/10/2022
List Date:
1/15/2022
Close Date
Square Feet:
1,250
Bedrooms:
1
Bathrooms:
2
Garage Spaces:
1
Year Built:
1921
City:
Laguna Beach
Zip:
92651
County:
Orange
MLS ID:
LG22051167

Home Features

Interior Features:
Beamed Ceilings, Built-in Features, Balcony, Ceiling Fan(s), Ceramic Counters, Cathedral Ceiling(s), Open Floorplan, Recessed Lighting, Tile Counters, Galley Kitchen
Exterior Features:
Awning(s)
Appliances:
6 Burner Stove, Freezer, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Ice Maker, Refrigerator, Vented Exhaust Fan, Water To Refrigerator, Water Heater
Flooring:
Wood
Laundry:
Washer Hookup
Architectural Style:
Cottage
Levels:
Two
Fireplace Features:
None
Cooling:
None
Heating:
None
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
Pool Type Features:
None
Spa Features:
None
Construction Materials:
Roofing:
Asphalt
Water Source:
Public
Sewage:
Public Sewer
Accessibility Features:
None

Community Information

MLS Area:
LV - Laguna Village

Lot Information

Lot Size (sq feet):
5,000

Location Information

Directions:
Property access from Gaviota Dr. via St Ann's Dr. at S Coast Hwy