2125 Ocean Way Laguna Beach, CA 92651
Woods Cove NeighborhoodEstimated payment $118,421/month
Total Views
302
4
Beds
4.5
Baths
4,710
Sq Ft
$4,246
Price per Sq Ft
Highlights
- Popular Property
- White Water Ocean Views
- Sauna
- El Morro Elementary School Rated A+
- Heated Spa
- 1-minute walk to Ruby Street Park
About This Home
This once-in-a-lifetime oceanfront estate in the heart of Laguna Beach offers an extraordinary opportunity to own a legacy property with its own peninsula expanding out to the sea. The home featuring approximately 4,700 square feet, 4 bedrooms, 4.5 bathrooms, and 2 dedicated offices, one of which was formerly the creative workspace of Stephen J. Cannell, the legendary writer, director, and producer behind some of television’s most iconic shows and the author of over 100 books. This was the Cannell family’s cherished beachside estate, a place where creativity and coastal serenity came together. The property sits on a spectacular lot with private gates, a large grassy lawn front and back, sparkling spa, barbecue island, and exclusive steps down to your own peninsula extending into the Pacific Ocean. Recently renovated throughout, the home boasts new hardwood flooring, designer lighting and fixtures, brand-new HVAC. The gourmet kitchen is a dream, outfitted with an oversized quartz island, Thermador appliance package, wine cooler, warming oven, Shaws farmhouse sink, and custom cabinetry, perfect for entertaining or everyday living. The primary suite encompasses the entire upper level, featuring a retreat/office, a private deck with sweeping coastline views from Palos Verdes to San Diego, and a spa-inspired bathroom with a new soaking tub, shower, new counters and flooring, modern fixtures, and a private sauna. The lower level includes two additional bedrooms, a full second kitchen, and its own spacious great room area, ideal for hosting guests or multigenerational living. All of this is just a short distance to Laguna Village, where you’ll find galleries, fine dining, and boutique shopping. This is more than a home, it’s a true piece of coastal history.
Listing Agent
Berkshire Hathaway HomeServices California Properties Brokerage Phone: 949-412-8088 License #00991380 Listed on: 07/14/2025
Co-Listing Agent
Berkshire Hathaway HomeServices California Properties Brokerage Phone: 949-412-8088 License #02109969
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $95,567
Year Built
- Built in 1947 | Remodeled
Lot Details
- 10,400 Sq Ft Lot
- Landscaped
- Sprinkler System
- Private Yard
- Lawn
- Garden
- Back and Front Yard
Parking
- 2 Car Garage
- Parking Available
Property Views
- White Water Ocean
- Catalina
- Panoramic
- City Lights
- Bluff
- Neighborhood
Home Design
- Custom Home
- Traditional Architecture
- Turnkey
Interior Spaces
- 4,710 Sq Ft Home
- 3-Story Property
- Wired For Sound
- Circulating Fireplace
- Gas Fireplace
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room with Attached Deck
- Open Floorplan
- Dining Room
- Home Office
- Bonus Room
- Sauna
- Laundry Room
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Eat-In Kitchen
- Breakfast Bar
- Walk-In Pantry
- Butlers Pantry
- Double Oven
- Gas Oven
- Six Burner Stove
- Gas Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Utility Sink
- Disposal
- Fireplace in Kitchen
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Retreat
- Fireplace in Primary Bedroom
- Fireplace in Primary Bedroom Retreat
- Primary Bedroom Suite
- Double Master Bedroom
- Walk-In Closet
- Remodeled Bathroom
- Bathroom on Main Level
- Quartz Bathroom Countertops
- Stone Bathroom Countertops
- Tile Bathroom Countertop
- Makeup or Vanity Space
- Dual Sinks
- Dual Vanity Sinks in Primary Bathroom
- Hydromassage or Jetted Bathtub
- Multiple Shower Heads
- Separate Shower
Pool
- Heated Spa
- In Ground Spa
Outdoor Features
- Living Room Balcony
- Open Patio
- Outdoor Grill
Location
- Property is near a park
Schools
- Top Of The World Elementary School
- Thurston Middle School
Utilities
- Zoned Heating and Cooling
- Natural Gas Connected
- Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 5 / A
- Tax Tract Number 23
- Assessor Parcel Number 64428102
- $987 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- Woods Cove Subdivision
Recreation
- Park
- Water Sports
- Hiking Trails
- Bike Trail
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $95,567 | $9,311,229 | $8,923,818 | $387,411 |
| 2023 | $93,674 | $9,128,656 | $8,748,841 | $379,815 |
| 2022 | $91,857 | $8,949,663 | $8,577,295 | $372,368 |
| 2021 | $77,059 | $7,493,815 | $7,223,339 | $270,476 |
| 2020 | $76,199 | $7,416,976 | $7,149,273 | $267,703 |
| 2019 | $74,868 | $7,271,546 | $7,009,092 | $262,454 |
| 2018 | $73,399 | $7,128,967 | $6,871,659 | $257,308 |
| 2017 | $71,941 | $6,989,184 | $6,736,921 | $252,263 |
| 2016 | $70,571 | $6,852,142 | $6,604,825 | $247,317 |
| 2015 | $69,506 | $6,749,217 | $6,505,614 | $243,603 |
| 2014 | $68,174 | $6,617,010 | $6,378,178 | $238,832 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | For Sale | $20,000,000 | -- | $4,246 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $5,150,000 | Chicago Title Co |
Source: Public Records
Similar Homes in Laguna Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG25155939
APN: 644-281-02
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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