SoldFeb 3, 2026

Listed and Bought with Derek Larson

Source: California Regional Multiple Listing Service, Inc #OC25233708

150 Cress St, Laguna Beach, CA, 92651

$7,000,000

8
6
3
3300 sq. ft.
7241 sq. ft.

SingleFam

30+ days on the market

Sold: Feb 3, 2026

What's around 150 Cress St

About this property

PRICED TO SELL! 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 approximately $300,000 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. Financing available.

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Other properties sold by Derek Lee Larson

SoldJul 23, 2025
$937,777
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2
1
3
Single-Family
Listing courtesy of The Niche and Derek Lee Larson
SoldJul 7, 2025
$2,100,000
883 Santa Ana Street
Laguna Beach CA 92651
4
2
4
Single-Family
Listing courtesy of Derek Lee Larson and RE/MAX Top Producers

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