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506 N. Coast Hwy.
For Sale $17,500,000
$17,500,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 13,774 Sq Ft
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
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $17,500,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 8 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 49618107 |
| MLS # | LG26020416 |
| Property ID | 322559825 |
| Lot Sqft | 13,774 |
| Zoning | R3 |
| Total Units | 8 |
| Days on Market | 9 |
| Original List Price | $17,500,000 |
| Applicances | 6 Burner Stove,Barbecue,Convection Oven,Double Oven,Dishwasher,Free-Standing Range,Freezer,Gas Cooktop,Disposal,Gas Oven,Gas Range,Gas Water Heater,Indoor Grill,Microwave,Refrigerator,Tankless Water Heater,Vented Exhaust Fan,Water To Refrigerator,Water He% |
| Date Updated | February 10, 2026 |
| Date Created | February 02, 2026 |
Listing Provided By
Connie Maxsenti an agent of . Lic #00482592
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 10, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT