List Price: $13M

Listing Status: Active

Days on Market: 10

10 Bedrooms · 10 Bathrooms · 4,500 sq ft

Property Type: Residential

Year Built: 1972

Lot Size: 10,454 sq ft

Garage Spaces: 4

Private Pool: Yes

MLS Number: 26996409

About This Property

WHERE OCEANFRONT LIVING MEETS EXCEPTIONAL POSSIBILITY. A rare opportunity to own an extraordinary oceanfront compound in the heart of Laguna Beach's coveted HIP District, where private beach access, panoramic Pacific views and exceptional walkability come together in one remarkable coastal property. Positioned on a rare double lot exceeding 10,000 square feet with approximately 50 feet of coastal frontage, the property sits above Cress Cove with sweeping ocean views and its own private stairway directly to the sand and shoreline below. Morning walks on the beach, sunset dinners overlooking the Pacific and spontaneous surf sessions become part of everyday life. Just as compelling is what lies beyond the gates. The property is anchored by a standalone four-bedroom main residence plus office overlooking the ocean, complemented by three attached two-bedroom, two-bath condominium residences surrounding a private pool terrace. A bonus flex space and pool house create yet another opportunity for a gym, wellness space, media room, creative studio or private retreat. Together, the residences create tremendous flexibility. Envision a private multi-generational coastal compound where family and guests have their own accommodations; an artist's retreat with dedicated studios and creative workspaces; private offices steps from the ocean; or an income-producing property with multiple rental residences. For an investor or developer, the scale, configuration and double-lot setting present an equally compelling long-term opportunity, subject to applicable approvals and regulations. A four-car garage and multiple addresses add another level of functionality rarely found along the Laguna Beach coastline. And then there is the location.Leave the car behind and experience one of Southern California's most celebrated coastal communities on foot. The property is moments from Pacific Coast Highway, the Surf & Sand Resort and the restaurants, cafes, boutiques, galleries and everyday conveniences of Laguna Beach's HIP District, while still offering the privacy of a gated oceanfront enclave.Oceanfront land of this scale is scarce. Oceanfront land with direct beach access, multiple residences, a pool and exceptional walkability is rarer still. Whether envisioned as a legacy family compound, creative coastal retreat, income-producing investment or the foundation for a future oceanfront vision, 1337 Gaviota Drive represents an opportunity that is exceedingly difficult to duplicate. 1337 GAVIOTA DRIVE | LAGUNA BEACH Offered at $13,000,000. Buyer to independently verify square footage, lot size, unit configuration, rental potential, permitted uses, development potential, beach access, and all other property information with the appropriate professionals and governmental authorities.