222 Wave Street

Laguna Beach , CA 92651

MLS#: OC25165120

$3,250,000

Status: Active
Listing number: OC25165120
Listing provided by: The L3
Listing agent phone: None
Last update: 5 days ago
On site: 7 days ago
Browse Properties
North Laguna (NL) - Residential

Property

Beds

7

Full Baths

6

1/2 Baths

None

Year Built

1940

Sq.Footage

2,204

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.

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    6

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Main Level Bedrooms

    5

Exterior

  • Garage

    No

  • Parking

    Driveway

  • Pool

    Yes

  • Pool Features

    None

  • View

    Ocean, Water

Area & Lot

  • Lot Features

    Rectangular Lot

  • Lot Size(acres)

    0.1

  • Property Type

    Residential

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $3,250,000

  • Sq. Footage

    2, 204

  • Price/SqFt

    $1,474

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Tax Lot

    18

  • Water Source

    Public

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Location

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Orange

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Listing Courtesy of Matthew Kanoudi , The L3

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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.

222 Wave Street

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