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.
Sold for $20,000,000
Listed by: Berkshire Hathaway HomeServices California Properties • Shauna Covington • Contact: 949-412-8088
Bought with: Pacific Sotheby’s International Realty
$20,000,000
2125 Ocean Way, Laguna Beach, CA 92651
4beds
4,710sqft
Single Family Residence
Built in 1947
10,400 Square Feet Lot
$20,059,200 Zestimate®
$4,246/sqft
$9,191 Estimated rent
Home value
$20,059,200
$18.45M - $21.86M
$9,191/mo
Zestimate® history
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Oceanfront estatePrivate gatesShaws farmhouse sinkGourmet kitchenSparkling spaWine coolerCustom cabinetry
Zillow last checked:
Listing updated:
Listed by:
Shauna Covington DRE #00991380 949-412-8088,
Berkshire Hathaway HomeServices California Properties,
Leita Covington DRE #02109969 949-395-3037,
Berkshire Hathaway HomeServices California Properties
Bought with:
Spencer Wall, DRE #01840729
Pacific Sotheby’s International Realty
Source: CRMLS,MLS#: LG25155939
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Rooms
- Room types: Bonus Room, Bedroom, Family Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Office, Other, Pantry, Retreat, Sauna, Dining Room
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathtub, Dual Sinks, Full Bath on Main Level, Jetted Tub, Multiple Shower Heads, Quartz Counters, Stone Counters, Remodeled, Soaking Tub, Separate Shower
Kitchen
- Features: Butler's Pantry, Kitchen Island, Kitchen/Family Room Combo, Remodeled, Updated Kitchen, Utility Sink, Walk-In Pantry
Heating
- Central
Cooling
- Central Air, Zoned
Appliances
- Included: 6 Burner Stove, Barbecue, Double Oven, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
- Laundry: Inside, Laundry Room
Features
- Breakfast Bar, Balcony, Breakfast Area, Separate/Formal Dining Room, Eat-in Kitchen, Living Room Deck Attached, Pantry, Wired for Sound, Bedroom on Main Level, Multiple Primary Suites, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
- Flooring: Carpet, Tile, Wood
- Has fireplace: Yes
- Fireplace features: Circulating, Family Room, Gas, Kitchen, Primary Bedroom
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 4,710 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Three Or More
- Stories: 3
- Entry location: 1
- Patio & porch: Deck, Open, Patio
- Pool features: None
- Has spa: Yes
- Spa features: Heated, In Ground, Private
- Has view: Yes
- View description: Catalina, City Lights, Neighborhood, Ocean, Panoramic, Water
- Has water view: Yes
- Water view: Ocean,Water
Lot
- Size: 10,400 Square Feet
- Features: Bluff, Back Yard, Front Yard, Garden, Lawn, Landscaped, Near Park, Sprinkler System, Yard
Details
- Parcel number: 64428102
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Custom,Traditional
- Property subtype: Single Family Residence
Condition
- Updated/Remodeled,Turnkey
- New construction: No
- Year built: 1947
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Hiking, Water Sports, Park
- Subdivision: Woods Cove (Wc)
Location
- Region: Laguna Beach
Financial & listing details
- Price per square foot: $4,246/sqft
- Tax assessed value: $11,561,683
- Annual tax amount: $118,494
- Date on market: 7/14/2025
- Cumulative days on market: 51 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Sold | $20,000,000$4,246/sqft |
Source:  CRMLS #LG25155939 Report a problem | ||
| 9/5/2025 | Contingent | $20,000,000$4,246/sqft |
Source: CRMLS #LG25155939 Report a problem | ||
| 7/14/2025 | Listed for sale | $20,000,000+288.3%$4,246/sqft |
Source: CRMLS #LG25155939 Report a problem | ||
| 6/25/1999 | Sold | $5,150,000$1,093/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $118,494 +24% | $11,561,683 +24.2% |
| 2024 | $95,566 +2% | $9,311,229 +2% |
| 2023 | $93,674 -5.9% | $9,128,656 +2% |
| 2022 | $99,549 +29.2% | $8,949,663 +19.4% |
| 2021 | $77,059 +1.1% | $7,493,815 +1% |
| 2020 | $76,199 | $7,416,976 +2% |
| 2019 | $76,199 +1.8% | $7,271,546 +2% |
| 2018 | $74,868 +4.1% | $7,128,967 +2% |
| 2017 | $71,941 | $6,989,184 +2% |
| 2016 | $71,941 +1.9% | $6,852,142 +1.5% |
| 2015 | $70,571 +3.5% | $6,749,217 +2% |
| 2014 | $68,174 | $6,617,010 +0.5% |
| 2013 | -- | $6,587,105 +2% |
| 2012 | -- | $6,457,947 +2% |
| 2011 | -- | $6,331,321 +0.8% |
| 2010 | -- | $6,284,003 -0.2% |
| 2009 | -- | $6,298,932 +2% |
| 2008 | -- | $6,175,424 +2% |
| 2007 | -- | $6,054,338 +2% |
| 2006 | -- | $5,935,626 +2% |
| 2005 | -- | $5,819,242 +2% |
| 2004 | -- | $5,705,140 +1.9% |
| 2003 | -- | $5,600,578 +2% |
| 2002 | -- | $5,490,763 +2% |
| 2001 | $59,186 +5% | $5,383,101 +2% |
| 2000 | $56,366 | $5,276,322 |
Find assessor info on the county website
Neighborhood: 92651
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Nearby schools
GreatSchools rating
- 7/10El Morro Elementary SchoolGrades: K-5Distance: 4.1 mi
- 8/10Thurston Middle SchoolGrades: 6-8Distance: 1.7 mi
- 10/10Laguna Beach High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Top Of The World
- Middle: Thurston
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$20,059,200
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Estimated market value
$20,059,200
- California
- Orange County
- Laguna Beach
- 92651
- 2125 Ocean Way
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