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$3,250,000

Est. payment - /mo

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7 Beds

6 Baths

2,204 SqFt

Active

222 Wave ST Laguna Beach, CA 92651

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Mason Frakes

mason@masonfrakesrealestategroup.com +1(805) 260-4860

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,204 sqft

Price per Sqft $1,474

Subdivision North Laguna (Nl)

MLS Listing ID OC25165120

Bedrooms 7

Full Baths 6

HOA Y/N No

Year Built 1940

Lot Size 4,356 Sqft

Property Sub-Type Triplex

Property Description

Welcome to 222 Wave Street, a once-in-a-generation opportunity in the heart of North Laguna Beach. Nestled just off Pacific Coast Highway and moments from the iconic shores of Shaw's Cove and Crescent Bay, this exceptional coastal triplex—complete with a bonus studio—has been cherished by the same family for nearly 40 years. Not offered for sale since the 1980s, it now presents a rare chance to own a piece of paradise in one of Laguna's most coveted areas. Set on an expansive lot with two distinct buildings, the front structure features two spacious units. On the upper level, a two-bedroom, two-bath home boasts unobstructed ocean views. Whether you're relaxing in the living room or enjoying the sunset on the private deck, the endless ocean is your constant backdrop. Inside, the vaulted beamed ceilings elevate the open-concept living room and kitchen and offers two bedrooms and two updated bathrooms. Below, the ground-floor three-bedroom, two-bath unit is ideal for those who prefer single-level living without compromising proximity to the ocean. Between the two buildings lies a sitting area, a tranquil courtyard setting perfect for morning coffee or entertaining guests. At the rear of the property, the second building includes a one-bedroom, one-bath unit with a bonus loft—an ideal spot for an additional sleeping area or storage. Tucked behind is a fully equipped bonus studio featuring its own kitchenette, bathroom, and lofted sleeping space. The property has been thoughtfully improved over the years with modern touches, including updated flooring, quartz countertops, stainless steel appliances, custom shaker cabinetry, custom tile backsplashes, shower finishes, new vanities, recessed lighting, windows, sliding doors, and more. The updates blend effortlessly with the home's original character, preserving its classic Laguna charm while offering contemporary comfort. Adding even more value and convenience, 222 Wave includes an oversized front driveway—an incredibly rare feature in this neighborhood—with parking for up to four vehicles. Whether you're looking for an income property, a vacation home, or a combination of both, this Laguna gem is an extraordinary find. Just a short stroll from world-class beaches, renowned dining, boutique shopping, and beloved local events like the Pageant of the Masters and Sawdust Festival, the best of Laguna Beach truly surrounds you. Don't miss this rare coastal treasure—properties like this almost never come to market.

Location

State CA

County Orange

Area Nl - North Laguna

Rooms

Main Level Bedrooms 5

Interior

Interior Features All Bedrooms Up, All Bedrooms Down

Cooling None

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Parking Features Driveway

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks

View Y/N Yes

View Coastline, Ocean, Water

Private Pool No

Building

Lot Description Rectangular Lot

Dwelling Type Triplex

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Water Public

Level or Stories Two

New Construction No

Schools

School District Laguna Beach Unified

Others

Senior Community No

Tax ID 05314409

Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://youtu.be/_t3LPpF0ytA?si=V71RlnSsTdm712G0

Lease Land No

Listed by Matthew Kanoudi The L3 714-655-6868

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Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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222 Wave ST Laguna Beach, CA 92651

Mason Frakes

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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222 Wave ST