506 N. Coast Hwy., Laguna Beach, CA 92651
Local realty services provided by:CENTURY 21 Epic
506 N. Coast Hwy.,Laguna Beach, CA 92651
$17,500,000
- - Beds
- - Baths
- 5,500 sq. ft.
- Multi-family
- Active
Listed by: connie maxsenti
Office: coldwell banker realty949-644-1600
MLS#:LG26020416
Source:CRMLS
Price summary
- Price:$17,500,000
- Price per sq. ft.:$3,181.82
About this home
Opportunity Knocks. Arabella Laguna is a rare trophy property, held under the same ownership 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...
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Home facts
- Year built:1920
- Subdivision & Development:North Laguna (NL)
- Listing ID #:LG26020416
- Added:178 day(s) ago
- Updated:July 31, 2026 at 11:07 AM
Rooms and interior
- Flooring:Stone, Wood
- Kitchen Description:Barbecue, Convection Oven, Dishwasher, Disposal, Double Oven, Free Standing Range, Freezer, Gas Cooktop, Gas Oven, Gas Range, Indoor Grill, Microwave, Pantry, Refrigerator, Vented Exhaust Fan, Water To Refrigerator
- Living area:5,500 sq. ft.
Heating and cooling
- Cooling:Dual, Electric, High Efficiency, Wall Window Units
- Heating:Combination, Wall Furnance
Structure and exterior
- Roof:Composition
- Year built:1920
- Building area:5,500 sq. ft.
- Lot area:0.32 Acres
- Lot Features:Corner Lot, Front Yard, Garden, Landscaped, Lawn, Trees
- Architectural Style:Bungalow
- Construction Materials:Drywall, Flagstone, Stucco, Wood Siding
- Exterior Features:Lighting
- Levels:2 Story
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$17,500,000
- Price per sq. ft.:$3,181.82
Features and amenities
- Appliances:Barbecue, Convection Oven, Dishwasher, Disposal, Free Standing Range, Freezer
- Amenities:Beamed Ceilings, Block Walls, Ceiling Fans, Crown Molding, Gallery Kitchen, Gas Water Heater, Koi Pond, Open Floor Plan, Stone Counters, Storage, Tankless Water Heater, Walk In Pantry, Water Heater
Parking
- Total parking spaces:8
- Garage:Yes
- Garage spaces:8
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