A 1921 Craftsman home located close to the seaside and near downtown Laguna Beach was sold for $11 million on Dec. 17.
The coastal South Orange County luxury house features five bedrooms and 4.5 bathrooms within 3,869 square feet. The buyer bought the house at 451 Hawthorne Road in Laguna Beach for $2,843 per square foot and 14% below its list price.
Brian Johnson of Coldwell Banker Realty represented the seller. The buyer was represented by Richard Dewey of Pacific Sotheby’s International Realty.
The North Laguna residence, according to its Homes.com listing, was restored by the house’s sellers.
This rare architectural treasure unfolds across a 17,762 square foot private lot of coveted North Laguna real estate, boasting “a perfect blend of century-old craftsmanship and modern luxury,” per the Homes.com listing.
Some of the property’s amenities include a pool, fruit trees, ocean views, outdoor grill and a front porch.
One reason for selling under the list price may be that the property is listed under the Mills Act on the National Register of Historic Places.
Nonetheless, the Mills Act, according to Homes.com, is “a California state law that provides significant property tax reductions to owners who actively preserve historic buildings.”
“This incentive not only ensures the conservation of architectural treasures but also offers substantial financial advantages to discerning buyers,” the listing continued about the Mills Act protection.
451 Hawthorne Road, which features an oversized garage and onsite parking for seven cars, was listed on Homes.com as “a living legacy of California’s rich cultural tapestry, waiting for its next chapter to be written.”
“This rare opportunity allows you to own a piece of Laguna Beach history,” the listing continued.
North Laguna Beach
This section of Laguna Beach is home to a few well-visited waterfront locales, such as Diver’s Cove, Fisherman’s Cove, Rockpile Beach and Crescent Bay.
The northernmost neighborhood of Laguna Beach is Irvine Cove. Also in North Laguna Beach is Emerald Bay.
Venturing out of North Laguna Beach and into downtown to the south or toward Newport Beach means residents could visit Laguna Art Museum and hiking trails at Crystal Cove State Park or Laguna Coast Wilderness Park.
