$17,500,000
506 N. Coast Hwy.
Laguna Beach, CA, 92651
Property Description
Opportunity Knocks. Arabella Laguna is a rare trophy property, held under the same ownership
since 1976, offering exceptional versatility and irreplaceable income potential. Currently operating as a
highly successful short-term rental compound, it may also serve as a private residence with
income, multi generational family compound, or long-term rental investment.
Located at the north end of Gallery Row, the property is minutes to Heisler Park, the beach,
downtown Laguna Beach, shopping, and dining.
Comprised of two legal parcels and four buildings, including two historic cottages listed on the City
of Laguna Beach Historic Inventory. Buyers may qualify for Mills Act benefits, subject to their own
investigation.
The Myrtle Cottage is a 3-bedroom, 3-bath historic residence configured as two units:
• Upper level: 2 bedrooms, 2 baths, kitchen, sun porch
• Lower level: 1 bedroom with caterer’s kitchen and expansive veranda/sunroom, used for special
events and owner’s quarters or office
The Jacaranda Cottage is a charming single-level 1-bedroom, 1-bath home with large living room,
sun porch, full kitchen, and laundry room.
Two additional rear buildings (circa 1940) include two studio apartments, three one-bedroom
apartments, and an additional sleeping room currently used as storage.
The residences surround a lush, private central courtyard. Amenities include eight garages (one
converted to laundry/storage) and three laundry areas.
Operating continuously as short-term rentals since 2001, the property benefits from a rare,
grandfathered, transferable permit that cannot be obtained again. A 14% Transient Occupancy
Tax is paid to the City of Laguna Beach on stays under 31 days.
Reservations are generated via Airbnb, Expedia, Booking.com, Visit Laguna Beach, and the
property’s private website.
Seller will only sell both parcels together. Sale subject to a concurrent 1031 exchange
since 1976, offering exceptional versatility and irreplaceable income potential. Currently operating as a
highly successful short-term rental compound, it may also serve as a private residence with
income, multi generational family compound, or long-term rental investment.
Located at the north end of Gallery Row, the property is minutes to Heisler Park, the beach,
downtown Laguna Beach, shopping, and dining.
Comprised of two legal parcels and four buildings, including two historic cottages listed on the City
of Laguna Beach Historic Inventory. Buyers may qualify for Mills Act benefits, subject to their own
investigation.
The Myrtle Cottage is a 3-bedroom, 3-bath historic residence configured as two units:
• Upper level: 2 bedrooms, 2 baths, kitchen, sun porch
• Lower level: 1 bedroom with caterer’s kitchen and expansive veranda/sunroom, used for special
events and owner’s quarters or office
The Jacaranda Cottage is a charming single-level 1-bedroom, 1-bath home with large living room,
sun porch, full kitchen, and laundry room.
Two additional rear buildings (circa 1940) include two studio apartments, three one-bedroom
apartments, and an additional sleeping room currently used as storage.
The residences surround a lush, private central courtyard. Amenities include eight garages (one
converted to laundry/storage) and three laundry areas.
Operating continuously as short-term rentals since 2001, the property benefits from a rare,
grandfathered, transferable permit that cannot be obtained again. A 14% Transient Occupancy
Tax is paid to the City of Laguna Beach on stays under 31 days.
Reservations are generated via Airbnb, Expedia, Booking.com, Visit Laguna Beach, and the
property’s private website.
Seller will only sell both parcels together. Sale subject to a concurrent 1031 exchange
Property Details
Price:
$17,500,000
MLS #:
LG26020416
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
North Laguna NL
Neighborhood:
nlnorthlaguna
Listed Date:
Feb 2, 2026
Total Sq Ft:
5,500
Lot Size:
13,774 sqft / 0.32 acres (approx)
Year Built:
1920
Schools
Interior
Appliances
DW, FZ, GD, MW, RF, WLR, GO, GR, GS, FSR, _6BS, BBQ, CO, DO, GWH, GRL, TW, VEF, WHU
Cooling
DL, ELC, SEE, WW, HE
Flooring
STON, WOOD
Heating
WL, COM
Interior Features
CF, PC, ST, CRWN, BLKW, STNC, OFP, PTRY, BC
Laundry Features
CM, IR
Levels
U
Exterior
Architectural Style
BNG
Common Walls
NCW
Community Features
SL
Construction Materials
STC, WOD, DWAL, FLG, BABS
Exterior Features
LIT
Fencing
NO
Garage Spaces
8
Parking Spots
8
Parking Total
8
Roof
CMP
Spa Features
NO
View
PE, TW
Financial
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 506 N. Coast Hwy.
Laguna Beach, CA
