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2125 Ocean Way, Laguna Beach, CA 92651

List Price: $20,000,000On Market FlagOn market
Jul 14, 20254,710 sqft4 beds4 baths
Listed by: Shauna Covington
License #: 00991380
Phone #: 949-412-8088
Berkshire Hathaway HomeServices California Properties
Source:
CRMLS Logo
MLS #: LG25155939

Property Description

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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$57,618

TurboHome Estimated Value

$11,920,600

$2,531 sqft

High Valuation
$12,516,630
$2657/sqft
Normal Valuation
$11,920,600
$2531/sqft
Low Valuation
$11,324,570
$2404/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$2531/sqft$11,920,600

Neighborhood: Woods Cove (WC)

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Comparative Value

$8.20M

$20.00M

1759 Alisos Ave, Laguna Beach, CA 92651

Sale Price: $8,198,000

Selected Comparable

2125 Ocean Way, Laguna Beach, CA 92651

List Price: $20,000,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
2125 Ocean Way, Laguna Beach, CA 92651

2125 Ocean Way, Laguna Beach, CA 92651

List: $20,000,000

Listed: 7/14/2025

Area:4,710 sqft
Price/sqft:$4,246
Beds:4
Baths:4
Year Built:
Lot Size:10,400

Comparable Properties

COMPARABLE
Choose comps
1759 Alisos Ave, Laguna Beach, CA 92651

1759 Alisos Ave, Laguna Beach, CA 92651

Sale: $8,198,000

1/17/20250.72 mi

Area:6,017 sqft
Price/sqft:$1,362
Beds:4
Baths:4
Year Built:
Weight:100.0%

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