5
Bedrooms
Sold for $2,940,000 · Oct 2025
SOLDListed at $3,150,000
385 Mermaid, Laguna Beach, CA 92651
Laguna Beach, CA
MLS# OC25108976
2,000 Sq Ft • Triplex5bd • 3ba
113 days on market
Listing Agent
Katin Reinhardt
Listing Agent
Coldwell Banker Realty
DRE #: 02135077
Brokerage: Coldwell Banker Realty
Property Details
3
Bathrooms
2,000 sqft
Square Feet
1945
Year Built
2,614 sqft
Lot Size
$1,470
Price/Sq Ft
4
Garage Spaces
N/A
HOA
Triplex
Property Type
Description
Welcome to 385 Mermaid Street, a fully renovated triplex offering the best of coastal living and income potential in the heart of Laguna Beach Village. This charming property consists of three fully furnished residences—two spacious 2-bedroom, 1-bath units and a light-filled studio—each with private laundry, garage parking, and outdoor space. Originally built in 1946 and completely renovated in 2015, every unit blends classic coastal character with modern upgrades. Residents enjoy private balconies and a shared deck with sweeping city views, beamed ceilings, hardwood floors, and updated kitchens with stainless steel appliances. With its extraordinary income-earning potential, all three units can be fully leased for consistent earnings, or partially occupied with the remaining units rented out. The property’s prime location, just steps from beaches, galleries, dining, and shopping, makes it a compelling investment opportunity. Whether you’re an investor or looking for a live-and-lease lifestyle, 385 Mermaid offers unmatched flexibility, charm, and value in one of Southern California’s most sought-after beach communities.
Listing description from the October 2025 sale, as reported to CRMLS.
Facts & Features
Details
- Cooling
- CentralAir
- Heating
- ForcedAir
- View
- CityLights, Hills
Natural Hazard Information
Earthquake data is shown from a real public source (USGS)
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Sale history for 385 Mermaid
1 recorded sale
$2,940,000
Sold October 2025 · listed $3,150,000, orig. $3,350,000, on market April 2025, 113 days on market · MLS #OC25108976 · Source: CRMLS
Listing Agent: Katin Reinhardt · Listing Office: Coldwell Banker Realty · Contact: 949-491-6040 · Bought with: Luke Hagenbach · Pacific Sotheby's Int'l Realty
How this sale compares
385 Mermaid sold for $2,940,000 in October 2025, 6.7% under its $3,150,000 list price, after 113 days on the market. It was first listed at $3,350,000. That works out to $1,470 per square foot on 2,000 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, 6.2% above this sale's $1,470.
$1,470
This sale, per sq ft
$1,561
92651 median per sq ft (12 mo)
$3,242,213
92651 median sold price (12 mo)
236
Closed sales in 92651 (12 mo)
113
Days on market
−6.7%
Sold vs. list price
| 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
Recent sales near 385 Mermaid
Sold $415,800SOLD1bd1ba514 sqft485 Mermaid Street 515Sold Oct 2026 · 0.0 miColdwell Banker Realty | DRE #01506622Buyer's agent: NONE NONE, None MRML | DRE #N/A
Sold $3,810,000SOLD4bd3ba2,335 sqft499 LegionSold Sep 2026 · 0.2 miCompass | DRE #01115339Buyer's agent: Amanda Horton, Engel & Voelkers Laguna Beach | DRE #01357096
Sold $2,995,000SOLD2bd3ba1,300 sqft634 GlenneyreSold Oct 2026 · 0.2 miColdwell Banker Realty | DRE #01754015Buyer's agent: Lauren Cooper, Compass | DRE #02012510
Sold $5,100,000SOLD5bd4ba2,882 sqft495 El Camino Del MarSold Sep 2026 · 0.2 miLivel Real Estate | DRE #01913762Buyer's agent: Paul Sjule, Paul Sjule, Broker | DRE #00985392
Sold $1,475,000SOLD2bd2ba932 sqft174 Cliff Drive BSold Sep 2026 · 0.3 miSurterre Properties | DRE #01230360Buyer's agent: Luke Hagenbach, Pacific Sotheby's Int'l Realty | DRE #01309807
Sold $2,200,000SOLD2bd1ba940 sqft477 HillSold Oct 2026 · 0.3 miBren and Furstenfeld Estates, Inc. | DRE #01292909Buyer's agent: Sommer Killian, Pacific Sotheby’s International Realty | DRE #01076343
Sold $5,000,000SOLD4bd4ba3,440 sqft664 Mystic ViewSold Oct 2026 · 0.3 miTurning Point Properties | DRE #01042946Buyer's agent: Alec Javanshiri, Re/Max Property Connection | DRE #01847056
Sold $5,500,000SOLD4bd3ba3,299 sqft1264 AnacapaSold Oct 2026 · 0.3 miHarvest Realty Development | DRE #02034631Buyer's agent: John Stanaland, The Agency | DRE #01223768
Closed sales reported in 92651, nearest first, last 12 months. All recent sales in Laguna Beach →
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CRMLS
MLS# OC25108976
Listed: 4/30/2025
© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of 10/14/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.
Listed by: Coldwell Banker Realty
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.