135 High Drive, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$3,000,000
135 High Drive, Laguna Beach, California 92651
5Beds
3Baths
2,449Sqft
4,400Lot
Year Built
1958
Close
-
List price
$3M
Original List price
$3.79M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
LG25099431
Home ConditionFair
Features
Good View: Ocean, Panoramic, Water
Deck
Patio
ViewOcean, Panoramic, Water

About this home

This is your opportunity to own a versatile ocean-view property in the heart of Laguna Beach Village—ideal for the savvy investor or a buyer seeking the perfect blend of lifestyle and long-term value. Perched above Main Beach, this unique property captures sweeping views of the Pacific Ocean and twinkling city lights, offering an exceptional coastal living experience. The highly walkable location is just moments from Main Beach, acclaimed restaurants, the vibrant farmers market, and Laguna’s renowned summer art festivals—making it a dream setting for full-time living, vacationing, or hosting guests. The front residence features two bedrooms, one bath, and an inviting ocean-view deck. One of the bedrooms directly overlooks the sparkling Pacific, creating a tranquil retreat for residents or renters alike. The rear home, Residence 137, offers two upstairs bedrooms (one with ocean views), a full bath, and a large deck perfect for entertaining or enjoying coastal sunsets. A flexible lower-level space with a full bath offers potential for a generous primary suite, additional living area, or even a guest suite—ideal for multigenerational living or as a premium rental unit. Each unit includes its own private 2 car garage, plus there are four additional parking spaces—an exceptional amenity in this sought-after neighborhood. On-site laundry adds convenience for both owners and tenants. Whether you’re searching for a high-yield investment, a multi-generational home, or a personal coastal escape with income potential, this property delivers. With panoramic ocean views, walk-to-everything convenience, and flexible living spaces, this is a rare chance to own a piece of paradise in one of Southern California's most iconic beach towns. Don't miss this exceptional Laguna Beach offering—where lifestyle and investment come together.

Price History

Date
Event
Price
10/19/25
Price Change
$3,000,000-14.3%
08/11/25
Price Change
$3,500,000
05/05/25
Listing
$3,790,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (12 Listings)
Beds55
50%
Baths33
50%
Square foot2,4491,827
85%
Lot Size4,4003,920
54%
Price$3M$2.5M
92%
Price per square foot$1,225$1,478
31%
Built year19581945
77%
HOA
Days on market184174
62%
Condition Rating
Fair

Built in 1958, this property has received cosmetic updates such as fresh paint and modern LVP flooring throughout, making it move-in ready. However, the kitchen features basic, somewhat dated white cabinetry and countertops, despite having newer stainless steel appliances. The exposed wood plank ceilings, while well-maintained, reflect an older architectural style, as do the louvered closet doors. Without images of the bathrooms, it's assumed they are of a similar functional but dated standard as the kitchen. The property is well-maintained but shows clear signs of its age and would benefit from more substantial updates to the kitchen and bathrooms to meet current quality and style standards.
Pros & Cons

Pros

Panoramic Ocean Views: The property boasts sweeping, panoramic views of the Pacific Ocean and city lights from multiple vantage points, including a bedroom and decks, significantly enhancing its desirability and value.
Prime Walkable Location: Situated above Main Beach in Laguna Village, the property offers exceptional walkability to Main Beach, acclaimed restaurants, the farmers market, and summer art festivals, providing an unparalleled coastal lifestyle.
Versatile Residential Income Property: As a duplex, this property is ideal for investors seeking high-yield potential, multi-generational living, or a personal coastal escape with built-in income streams, offering significant flexibility.
Ample Parking: A rare and highly valuable amenity in Laguna Beach, the property includes two private 2-car garages plus four additional parking spaces, providing exceptional convenience for owners and tenants.
Flexible Living Spaces: The property features flexible living configurations, including a lower-level space with a full bath that can serve as a primary suite, additional living area, or a premium guest/rental unit, catering to diverse needs.

Cons

Significant Price Reductions: The property has undergone substantial price reductions from its original list price of $3.79M to $3M, which may indicate market resistance or initial overpricing.
Age of Property (1958): Built in 1958, the property's age suggests potential for outdated infrastructure, systems, and finishes that may require significant investment for modernization or ongoing maintenance.
Potential for Renovation Needs: Given its age and status as an income property, there's a likelihood that parts of the interior or systems may require updates to maximize rental income potential or meet contemporary buyer/tenant expectations.

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