Offers beginning at $8,995,000… A distinguished property featuring two exquisite residences on an expansive, singular lot, artfully designed as a luxurious single-level home alongside an elegant duplex. Discover an Unparalleled Coastal Haven at Cress Street Beach. We proudly present an extraordinary opportunity to acquire a truly unique oceanfront triplex, just steps away from the pristine shores of Cress Street Beach. This highly coveted property features three elegantly appointed ocean-view villas, set on an over-sized 7,500 square-foot meticulously hardscaped lot, elegantly divided between two charming buildings.
Perfectly suited for discerning real estate investors or those seeking an exquisite owner-occupied retreat with rental income, this remarkable property boasted an impressive minimum annual revenue of $420,000, and can increase as high as $550,000+!
The centerpiece of this extraordinary ensemble is the primary villa, a sophisticated single-level residence offering 3 spacious bedrooms and 2.5 opulent baths. This villa includes a private one-car garage and a gated driveway accommodating up to three vehicles. The additional two villas, featuring three bedrooms and two baths, and two bedrooms with one bath respectively, are separated by only one common wall between them, they share a two-car garage, accessible from OceanFront street, ensuring privacy and tranquility from the primary villa.
Each villa is fully furnished, exuding luxury and comfort, providing guests with an idyllic beach vacation experience year-round. Whether indulging in the sun-kissed sands just beyond their doorstep or savoring a sunset glass of wine by one of the four outdoor fire pits that overlook the Pacific Ocean, it is no surprise that guests are drawn back to the enchanting “Villas of Laguna Vista” time and again, a testament to the property’s undeniable allure and year-round demand.
Seize this remarkable opportunity to live or invest in a coastal gem that promises elegance, sustainability, and profitability.
This is also a Luxury Builders Dream! The addition of an optional second story would bring soaring value increases.
Your dream of owning a piece of paradise near the world famous surf and sands of Laguna Beach awaits.