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
0Bed
0Bath
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
LG25114736
Home ConditionGood
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
05/22/25
Listing
$3,790,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (12 Listings)
Beds05
Baths04
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 market167173
31%
Condition Rating
Good

Built in 1958, this property has undergone significant renovations, particularly in the kitchens and one of the bathrooms. Both kitchens feature modern white cabinetry, stainless steel appliances, and updated countertops/backsplashes. One bathroom is fully modernized with a new vanity, black-framed shower, and contemporary fixtures. The other bathroom, while clean and functional, shows an older style with a frosted glass shower enclosure and a more traditional vanity. The property benefits from new-looking LVP flooring throughout and fresh paint, giving it a bright, move-in ready feel. While not every component is brand new, the extensive updates make it a well-maintained home with minimal wear and tear, aligning with a 'Good' condition score.
Pros & Cons

Pros

Prime Location & Walkability: Situated in the heart of Laguna Beach Village, the property boasts exceptional walkability to Main Beach, acclaimed restaurants, the vibrant farmers market, and summer art festivals, offering an unparalleled coastal lifestyle.
Panoramic Ocean & City Views: Perched above Main Beach, the property captures sweeping panoramic views of the Pacific Ocean and twinkling city lights, enhancing its desirability and value.
Income & Multi-Generational Potential: As a versatile duplex (Residential Income type), it offers significant potential for high-yield investment, multi-generational living, or a personal coastal escape with rental income opportunities.
Exceptional Parking: A rare and valuable amenity in this sought-after neighborhood, the property includes two private 2-car garages plus four additional parking spaces, totaling six dedicated spots.
Flexible Living Spaces: The property features two distinct residences with flexible layouts, including a lower-level space with a full bath offering potential for a primary suite, additional living area, or guest suite, catering to diverse needs.

Cons

Age of Construction: Built in 1958, the property's age may imply potential for dated infrastructure (e.g., plumbing, electrical) or require ongoing maintenance and updates not explicitly detailed in the description.
Significant Price Reductions: The listing has undergone substantial price reductions from its original $3.79M to $3M, which could indicate initial overpricing or market resistance, potentially raising questions for prospective buyers.
Potential for Modernization Investment: While offering flexible spaces and potential, the description does not highlight recent comprehensive modern renovations, suggesting a buyer may need to invest further to update interiors to contemporary luxury standards or maximize rental appeal.

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