Laguna Beach Cottage: Land Value Wins

0:00It's April 18th. You're listening to California News today, AI-powered local news. I'm Cory with the story. Imagine dropping $18,800,000 on a 432 square foot cottage with zero bedrooms and just one bathroom. That's the listing right now at a 1041 marine drive in Laguna Beach, complete with killer ocean views on an 8,500 square foot light. The real estate agent, Garrett Rao, breaks it down simple, you're basically buying prime land and the tiny house comes free. It's all about that unbeatable spot overlooking the Pacific, where the value skyrockets because of location. Back in the day, this stretch was an artist colony buzzing with painters chasing those epic vistas. Built in 1923, this cabin stands as the last original on the street, a nod to the summer escape spanley's craved. That points out how these old spots weren't even nailed down permanently. Some guys shuffled around lots and not all had indoor bathrooms like this one.

1:00Does, families pitch tents out back for the perfect weather. In the end, it's a reminder that in hot markets like Laguna Beach, the dirt under your feet often trumps the roof over your head, turning history into a multi-million dollar jackpot.