478 Saint Anns, Laguna Beach, California 92651, Laguna Beach, 92651 - 1 bed, 1 bath
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Laguna Beach, California 92651
Analysis of 478 Saint Anns, Laguna Beach, California 92651 is currently available with a list price of $1,995,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Laguna Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While originally built in 1925, the property has undergone a comprehensive high-end renovation within the last 5 years. The kitchen and bathroom feature modern shaker cabinetry, stone countertops, and designer fixtures, and the interior finishes are in mint, move-in ready condition.
Situated in the heart of Laguna Beach, this property offers exceptional walkability to world-class beaches, downtown dining, and galleries, epitomizing the highly sought-after coastal lifestyle.
The substantial 4,800 sq ft lot with R-2 zoning provides rare flexibility for expansion, the creation of a custom luxury residence, or duplex development in a high-demand central area.
This 1925 beach cottage preserves its vintage character while featuring a refreshed kitchen and bath, offering immediate move-in readiness or immediate rental income potential.
With only 516 square feet of living area and a single bedroom, the current structure is significantly undersized for the price point, likely requiring immediate further investment to expand.
The listing price reflects the premium land value rather than the existing improvements, resulting in an extremely high cost per square foot that may present challenges for traditional appraisals.
A rare Village opportunity: a charming 1925 beach cottage on a substantial 4,800 sq ft R-2 lot in one of Laguna Beach’s most walkable central locations. Just moments from the beach, downtown restaurants, galleries, shops, and Laguna’s classic coastal lifestyle, 478 St. Ann’s Drive offers something increasingly hard to find: usable land, character, income potential, and future flexibility in the heart of town. The updated 1-bedroom, 1-bath cottage is move-in ready and full of vintage Laguna charm, with a refreshed kitchen and bath, two flexible bonus spaces, a private deck, and lush outdoor areas that make the home live larger than its footprint. Enjoy it as a beach retreat, creative escape, mid-term rental, or income-producing hold while planning what comes next. The true value is the parcel. With R-2 zoning, a generous Village lot, and a premier walk-to-everything setting, the property offers multiple paths forward: preserve and enjoy the existing cottage, expand, design a custom Laguna residence, or explore duplex potential. Opportunities with this combination of location, lot size, charm, and flexibility are increasingly scarce in Central Laguna.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 516 | 2,351 |
| Lot Size | 4,800 | 6,231 |
| Price | $2.00M | $3.25M |
| Price per sq ft | $3.9K | $1.7K |
| Built year | 1925 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 155 | 71 |
Jun 17, 2026
$1,995,000
$2,095,000
-5% Price Drop
Initial Listing
May 1, 2026
$2,095,000
$2,195,000
-5% Price Drop
Initial Listing
Feb 17, 2026
$2,195,000
Initial Listing
Sep 7, 2023
$1,425,000
Public Record