150 Cress St Laguna Beach, CA 92651
Property details
About 150 Cress St
Motivated Seller! Discover an unparalleled coastal haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique 3 Bedroom 2.5 bath single level home, that also includes a duplex with amazing ocean views, only steps to the sand. This highly coveted property features 2 homes on 1 over-sized lot, including 3 elegantly appointed ocean-view villas, 120, 130, & 150 Cress Street are set on an expansive and meticulously hardscaped lot. Perfectly suited for an exquisite owner-occupied residence, or for the most discerning real estate investor. This remarkable property allows the owner to enjoy one of the most coveted beach house locations in Southern California while boasting an impressive annual revenue of nearly $500,000 per year, or live in the primary single level home full time and continue to take advantage of the vacation rental permits and rent the duplex for $250,000-$300,000 a year! The centerpiece of this extraordinary ensemble, is of course, the primary villa, 150 Cress Street, it is a sophisticated single-level residence offering 3 spacious bedrooms and 2.5 opulent baths. This villa includes a private 1-car garage and a gated driveway accommodating up to 3 vehicles. The additional two villas, separated by only one common wall between them, feature 3 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, they share a separate two-car garage, accessed from an entirely different street, ensuring privacy and tranquility for the primary villa. This is a once in a lifetime opportunity. Your dream of owning a piece of paradise on the world famous shores of Laguna Beach awaits.
Highlights
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 5
- Interior: Bedroom on Main Level, Main Level Primary
- Fireplace: Family Room
- Total Bedroom Count: 8
- Garage Space: 3 spaces
- Attached Garage: Yes
- Private Pool: No
- View: Ocean
- Cooling: Ductless
- List Price: $8,495,000
- Price/SqFt: $2,574
- HOA Amount: $0
- Annual Tax Amount: $86,173
- Tax Year: 2024
- Lot: Corner Lot
- Directions: From South Coast Highway, turn toward ocean, last home on the right.
- Year Built: 1955
- Stories: 1
- Living Area: 3,300 SqFt
- Lot Size: 0.1662 Acres
- MLS Number: OC25017354
- MLS Name: CRMLS
- Office Name: Derek Lee Larson
- Office Phone: (949) 677-4121
- Listing Agent: Derek Larson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 7:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$8,495,000
150 Cress St
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 02, 2023 | Home Sold | $8,250,000 |
| Jun 02, 2005 | Home Sold | $2,900,000 |
| Oct 22, 1999 | Home Sold | $1,333,000 |
| Dec 12, 1997 | Home Sold | $750,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $8,250,000 | $86,173 |
| 2023 | $3,680,269 | $42,282 |
| 2022 | $3,608,107 | $39,284 |
| 2021 | $3,537,360 | $38,399 |
| 2020 | $3,537,360 | $38,221 |
| 2019 | $3,468,000 | $36,741 |
| 2018 | $3,400,000 | $36,741 |
| 2017 | $3,300,000 | $35,635 |
History based on county public records data.
Nearby schools
9
Top of the World Elementary School
Public District KG-5
1.7 mi
•21601 Treetop Ln
9
Moulton Elementary School
Public District KG-5
3.0 mi
•29851 Highlands Ave
9
Canyon Vista Elementary School
Public District KG-5
3.1 mi
•27800 Oak View Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $94,697. Typical income of Laguna Beach, CA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
PGA/LPGA
Skiing/snowboarding
Men's Tennis
Where do the neighbors shop?
Chico's
Nordstrom
Bloomingdales
Where do the neighbors go to eat?
Bonefish Grill
California Pizza Kitchen
Starbucks
What do the neighbors drive?
Cadillac
BMW
Lexus
What do the neighbors listen to?
Classical
Talk/Personality
News
This home is located at 150 Cress St in Laguna Beach, CA and zip code 92651 in the The Village neighborhood. This 3,300 square foot home, which was built in 1955, sits on a 0.17 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since February 6, 2025 and is currently priced at $8,495,000.
In April 2025 more than 1 listings in Laguna Beach, CA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 19 were sold below. The number of listings in Laguna Beach, CA increased by 3.7% between March and April 2025. While the average time on the market in April 2025 was 50 days, the median list price was $2,926,000.