Listing Courtesy of: CRMLS / Coldwell Banker Realty / Connie Maxsenti - Contact: conniemaxsenti@gmail.com
506 N. Coast Hwy. Laguna Beach, CA 92651
Active (1 Days)
$17,500,000 (USD)
5,500
SQFT
Description
MLS #:
LG26020416
LG26020416
Lot Size
0.32 acres
0.32 acres
Type
Multifamily
Multifamily
Year Built
1920
1920
Style
Bungalow
Bungalow
Views
Trees/Woods, Peek-a-Boo
Trees/Woods, Peek-a-Boo
County
Orange County
Orange County
Community
North Laguna (Nl)
North Laguna (Nl)
Listed By
Connie Maxsenti, DRE #00482592 CA, Coldwell Banker Realty, Contact: conniemaxsenti@gmail.com
Source
CRMLS
Last checked Feb 3 2026 at 4:24 PM GMT+0000
CRMLS
Last checked Feb 3 2026 at 4:24 PM GMT+0000
Bathroom Details
Interior Features
- Tankless Water Heater
- Block Walls
- Pantry
- Walk-In Pantry
- Beamed Ceilings
- Stone Counters
- Galley Kitchen
- Open Floorplan
- Ceiling Fan(s)
- Storage
- Laundry: Common Area
- Crown Molding
- Dishwasher
- Microwave
- Barbecue
- Disposal
- Refrigerator
- Freezer
- Laundry: Laundry Room
- Double Oven
- Gas Cooktop
- Gas Oven
- Free-Standing Range
- Gas Range
- Water Heater
- Gas Water Heater
- Water to Refrigerator
- Convection Oven
- Vented Exhaust Fan
- Indoor Grill
Subdivision
- North Laguna (Nl)
Lot Information
- Front Yard
- Landscaped
- Lawn
- Corner Lot
- Sprinklers In Front
- Sprinklers In Rear
- Sprinkler System
- Garden
- Trees
Property Features
- Fireplace: Living Room
Heating and Cooling
- Combination
- Wall Furnace
- Dual
- Electric
- See Remarks
- High Efficiency
- Wall/Window Unit(s)
Flooring
- Wood
- Stone
Exterior Features
- Roof: Composition
Utility Information
- Utilities: Natural Gas Available, Sewer Connected, Water Available, Cable Connected, Electricity Available, Water Source: Public
- Sewer: Public Sewer
Stories
- 2
Additional Information: Newport Beach | conniemaxsenti@gmail.com
Location
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.
since 1976, offering exceptional versatility and irreplaceable income potential. Currently operating as a
highly successful short-term rental compound, it may also serve as a private residence with
income, multi generational family compound, or long-term rental investment.
Located at the north end of Gallery Row, the property is minutes to Heisler Park, the beach,
downtown Laguna Beach, shopping, and dining.
Comprised of two legal parcels and four buildings, including two historic cottages listed on the City
of Laguna Beach Historic Inventory. Buyers may qualify for Mills Act benefits, subject to their own
investigation.
The Myrtle Cottage is a 3-bedroom, 3-bath historic residence configured as two units:
• Upper level: 2 bedrooms, 2 baths, kitchen, sun porch
• Lower level: 1 bedroom with caterer’s kitchen and expansive veranda/sunroom, used for special
events and owner’s quarters or office
The Jacaranda Cottage is a charming single-level 1-bedroom, 1-bath home with large living room,
sun porch, full kitchen, and laundry room.
Two additional rear buildings (circa 1940) include two studio apartments, three one-bedroom
apartments, and an additional sleeping room currently used as storage.
The residences surround a lush, private central courtyard. Amenities include eight garages (one
converted to laundry/storage) and three laundry areas.
Operating continuously as short-term rentals since 2001, the property benefits from a rare,
grandfathered, transferable permit that cannot be obtained again. A 14% Transient Occupancy
Tax is paid to the City of Laguna Beach on stays under 31 days.
Reservations are generated via Airbnb, Expedia, Booking.com, Visit Laguna Beach, and the
property’s private website.
Seller will only sell both parcels together. Sale subject to a concurrent 1031 exchange