21095 Raquel Road, Laguna Beach, California 92651, Laguna Beach, 92651 - bed, bath
ACTIVE UNDER CONTRACT$6,950,000
21095 Raquel Road, Laguna Beach, California 92651
0Bed
0Bath
7,000Sqft
27,072Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Top Cons:
Niche Market & Limited Buyer Pool: The highly specialized nature of the property (12 beds, 14 baths, commercial kitchen, extensive wellness amenities) caters to a very specific buyer segment, which could limit the overall buyer pool compared to a more general-purpose commercial or residential property.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1979 (46 years old).
Condition: Despite being built in 1979, this property has undergone extensive, high-quality renovations, evident in its 'state-of-the-art commercial kitchen' and pristine, modern bathrooms. The kitchen features white shaker cabinets, dark countertops, and commercial-grade stainless steel appliances. Bathrooms boast contemporary tiling, glass-enclosed showers, and updated fixtures. Flooring, lighting, and overall aesthetics are modern and in excellent condition, indicating recent updates and meticulous maintenance consistent with an 'internationally acclaimed' retreat. All components appear virtually new, meeting current quality standards with no visible deferred maintenance.
Year Built
1979
Close
-
List price
$6.95M
Original List price
$8M
Price/Sqft
$993
HOA
-
Days on market
-
Sold On
-
MLS number
OC25071849
Home ConditionExcellent
Features
Good View: Canyon, Mountain(s)
Deck
Spa
ViewCanyon, Mountain(s)
About this home
The Pearl Laguna is an internationally acclaimed Yoga & Health Retreat nestled in the serene surroundings of LagunaCanyon. Spanning approximately 7,000 square feet on a 0.63-acre lot, this exceptional property features 12 bedrooms and 14 bathrooms, making it an ideal destination for wellness retreats, boutique hospitality, or specialized treatment facilities. Designed for luxury and tranquility, the retreat boasts a state-of-the-art commercial kitchen, a dedicated gym, a saltwater spa, two saunas, and an expansive yoga deck. Its prime location offers immediate access to Downtown Laguna Beach,world-class hiking trails, and renowned cultural attractions such as the Festival of Arts. The property benefits from a Conditional Use Permit (CUP) issued in 2008 for a 12-bed Yoga & Health Retreat, with a prior CUP (expired) in 1991 for a 15-bed residential treatment facility. Whether envisioned as a boutique B&B, a premier wellness destination, or a specializedtreatment center, The Pearl Laguna Beach presents an extraordinary investment opportunity in one of Southern California’s most sought-after locations.
Nearby schools
9/10
El Morro Elementary School
Public,•K-5•3.1mi
9/10
Thurston Middle School
Public,•6-8•1.4mi
9/10
Laguna Beach High School
Public,•9-12•2.1mi
Condition Rating
Excellent
Despite being built in 1979, this property has undergone extensive, high-quality renovations, evident in its 'state-of-the-art commercial kitchen' and pristine, modern bathrooms. The kitchen features white shaker cabinets, dark countertops, and commercial-grade stainless steel appliances. Bathrooms boast contemporary tiling, glass-enclosed showers, and updated fixtures. Flooring, lighting, and overall aesthetics are modern and in excellent condition, indicating recent updates and meticulous maintenance consistent with an 'internationally acclaimed' retreat. All components appear virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons
Pros
Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Specialized Infrastructure & Permitting: The property is already established as an 'internationally acclaimed Yoga & Health Retreat' with a valid Conditional Use Permit (CUP) for a 12-bed facility, significantly reducing setup time and regulatory hurdles for a new owner.
Extensive High-End Amenities: Boasts a state-of-the-art commercial kitchen, dedicated gym, saltwater spa, two saunas, and an expansive yoga deck, catering perfectly to its wellness/hospitality niche.
Premier Laguna Beach Location: Situated in a highly desirable area with immediate access to Downtown Laguna Beach, world-class hiking trails, and cultural attractions, enhancing its appeal to clients and guests.
Significant Capacity & Scale: With 7,000 sq ft, 12 bedrooms, and 14 bathrooms on a 0.63-acre lot, it offers substantial capacity for a large-scale retreat, boutique hotel, or treatment center.
Versatile Investment Opportunity: The property's design and existing permits allow for diverse business models, including wellness retreats, boutique hospitality, or specialized treatment facilities, offering flexibility for investors.
Cons
Niche Market & Limited Buyer Pool: The highly specialized nature of the property (12 beds, 14 baths, commercial kitchen, extensive wellness amenities) caters to a very specific buyer segment, which could limit the overall buyer pool compared to a more general-purpose commercial or residential property.
Dependency on Conditional Use Permit (CUP): The property's operational value is heavily reliant on its existing CUP. Any future changes in zoning, permit renewal challenges, or inability to transfer the permit could significantly impact its intended use and financial viability.
Significant Price Reduction & Current Status: The property experienced a substantial price drop from $7.995M to $6.95M and is currently 'Active Under Contract,' which may suggest initial overpricing, market resistance, or potential issues that led to the price adjustment, and limits immediate availability.