603 Pearl Street, Laguna Beach, California 92651, Laguna Beach, - bed, bath

home-pic
ACTIVE$4,995,000
603 Pearl Street, Laguna Beach, California 92651
4Beds
4Baths
2,752Sqft
13,550Lot
Year Built
1923
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
LG25108060
Home ConditionPoor
Features
Excellent View: Ocean
Deck
Patio
ViewOcean

About this home

Discover an exceptional opportunity to own one of the most distinctive properties in Laguna Beach. 603 Pearl Street is set on an expansive 13,700+ square foot lot (.31 acre) with Design Review Approved Plans for a stunning new European inspired custom home—saving you years of time, cost, and uncertainty. Securing design review approval in Laguna Beach is a lengthy and intricate process, often taking years. Here, that hard work is already complete. The thoughtfully crafted plans allow for a beautifully designed four-bedroom, four-and-a-half-bathroom home spanning approximately 3,100 square feet—strategically oriented to capture breathtaking panoramic ocean views and the verdant gardens of the lush landscaping. Surrounded by mature trees, winding pathways, and vibrant, layered greenery, the property evokes the charm of a hidden garden retreat. Expertly designed to balance form, function, and timeless coastal style, the approved plans reflect a refined European influence—bringing elegance, warmth, and sophistication to every detail. This is a rare opportunity to personalize the final touches to suit your exact taste. The result will be a truly custom home—unlike anything else in Laguna Beach. Complementing the main residence is a beautifully re-imagined barn-style garage, now with a fully renovated ADU featuring all-new electrical, plumbing, kitchen, bathroom, flooring, and lighting. Perfect for guests, rental income, or immediate use while building the main house, the ADU adds both flexibility and value to this exceptional property. The property is surrounded by lush, mature landscaping that creates a secret garden sanctuary—yet it remains just a short stroll from world-class beaches, shops, restaurants, and galleries. This location perfectly balances seclusion with walkable convenience to the best of Laguna Beach. Whether you’re ready to build your dream coastal estate or simply invest in one of Laguna’s most valuable parcels, this property is truly one-of-a-kind. With design approvals secured and panoramic views waiting to be unveiled, 603 Pearl Street is your opportunity to fast-track your vision and enjoy the ultimate Laguna Beach lifestyle.

Price History

Date
Event
Price
05/18/25
$4,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (137 Listings)
Beds43
58%
Baths43
62%
Square foot2,7522,008
68%
Lot Size13,5505,516
95%
Price$5M$3.13M
76%
Price per square foot$1,815$1,580.5
61%
Built year19239825983
4%
HOA
Days on market171194
42%
Condition Rating
Poor

The property's main house was built in 1923, making it over 100 years old. The listing description and images (e.g., Image 4) suggest the existing main structure is significantly outdated and likely intended for demolition or extensive rehabilitation, as the primary value is presented as the land with 'Design Review Approved Plans for a stunning new European inspired custom home.' This aligns with the 'Poor' or 'Tear-down' criteria for the main residence. However, the property includes a 'fully renovated ADU featuring all-new electrical, plumbing, kitchen, bathroom, flooring, and lighting' (Image 6). This ADU is in excellent, move-in ready condition. While the ADU is a high-quality component, the overall property condition is heavily influenced by the state of the main house, which requires substantial work or replacement. Therefore, the property is not 'unlivable' due to the ADU, but the primary structure's condition warrants a 'Poor' rating, indicating significant repairs/rehabilitation are needed to realize the property's full potential.
Pros & Cons

Pros

Pre-Approved Development Plans: The property comes with Design Review Approved Plans for a stunning new 3,100 sqft custom home, saving years of time, cost, and uncertainty in Laguna Beach's notoriously complex approval process.
Expansive & Private Lot: An exceptional 13,700+ sqft (.31 acre) lot offers rare space and a 'secret garden sanctuary' ambiance, providing significant privacy and development potential in a dense coastal market.
Prime Coastal Location: Located in highly desirable Laguna Beach, the property offers a perfect balance of seclusion with walkable convenience to world-class beaches, shops, restaurants, and galleries.
Panoramic Ocean Views: The approved plans are strategically oriented to capture breathtaking panoramic ocean views, a premium and highly sought-after feature in this luxury market.
Renovated ADU: A beautifully re-imagined and fully renovated barn-style garage with an ADU provides immediate utility for guests, potential rental income, or temporary living during the main house construction.

Cons

Significant Additional Investment Required: The listed price is for the land and approved plans; the buyer must still fund and manage the substantial multi-million dollar construction of the new custom home.
Long-Term Project Commitment: Despite pre-approved plans, building a 3,100 sqft custom residence is a multi-year endeavor, requiring significant patience and commitment from the buyer.
Limited Immediate Primary Residence: The existing main structure, built in 1923, is not a move-in ready luxury home, implying it will likely require demolition or extensive renovation before the new custom build can commence.

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