4
Bedrooms
Sold for $20,000,000 · Sep 2025
SOLDLaguna Beach, CA
MLS# LG25155939
Shauna Covington
Listing Agent
Berkshire Hathaway HomeServices California Properties
DRE #: 00991380
Brokerage: Berkshire Hathaway HomeServices California Properties
4
Bedrooms
5
Bathrooms
4,710 sqft
Square Feet
1947
Year Built
0.24 acres
Lot Size
$4,246
Price/Sq Ft
2
Garage Spaces
N/A
HOA
Single Family Home
Property Type
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 description from the September 2025 sale, as reported to CRMLS.
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1 recorded sale
2125 Ocean Way sold for $20,000,000 in September 2025, at its full list price, after 51 days on the market. That works out to $4,246 per square foot on 4,710 square feet. Across 236 closed sales in 92651 over the last 12 months, the median sold price is $3,242,213 and the median is $1,561 per square foot, 63% below this sale's $4,246. 4-bedroom rentals in 92651 currently list at a median of $20,000 a month (67 listings).
| Quarter | Closed sales in 92651 | Median sold price |
|---|---|---|
| Q1 2026 | 16 | $2,637,500 |
| Q2 2026 | 89 | $3,350,000 |
| Q3 2026 | 102 | $3,262,500 |
| Q4 2026 | 29 | $3,295,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Laguna Beach · Homes for sale in 92651
Closed sales reported in 92651, nearest first, last 12 months. All recent sales in Laguna Beach →
2125 Ocean Way
Contact Shauna Covington
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Contact Listing Agent
Berkshire Hathaway HomeServices California Properties
DRE #00991380
Contact information is not available for this listing.