Originally built in 1939 as a classic coastal cottage, this beautifully restored home in the coveted Woods Cove neighborhood of Laguna Beach blends timeless character with thoughtful modern upgrades. Meticulously renovated while honoring its vintage roots, the residence captures the charm of Laguna’s early seaside homes while offering the comfort and functionality of contemporary living.Inside, the home showcases distinctive architectural details, including a custom tongue-and-groove ceiling in the living room that highlights the cottage’s historic character. Natural light fills the inviting living spaces, creating a warm and relaxed atmosphere that reflects the easygoing coastal lifestyle just blocks from the shoreline at Woods Cove Beach.The flexible floor plan offers four bedrooms or three bedrooms plus a dedicated office, along with three well-appointed bathrooms. Each space has been thoughtfully updated while maintaining the home’s original charm, creating an ideal balance of style, comfort, and practicality. Outdoor living is a defining feature of the property. A wraparound ocean-view deck provides the perfect setting for morning coffee, sunset gatherings, and year-round entertaining while taking in sweeping views of the Pacific Ocean, Catalina Island, and the sparkling city lights of Laguna Beach after dusk. Enchanting verandas line the pathways throughout the property, enhancing the home’s storybook feel and creating inviting spaces to relax and unwind.The backyard features a spacious veranda topped with a pergola—an idyllic retreat for afternoon lounging, outdoor dining, or enjoying the coastal breeze. Lush landscaping and charming pathways add to the peaceful garden atmosphere.A separate studio ADU offers exceptional versatility, complete with its own kitchen and bathroom—ideal for guests, extended family, a private workspace, or potential rental income.Additional conveniences include a large gravel driveway that provides ample parking and an EV charging port for electric vehicles. Located within the highly regarded Laguna Beach Unified School District, the home offers an added advantage for families seeking top-tier local schools.Just a few blocks from the sand and moments from the vibrant galleries, restaurants, and boutiques of downtown Laguna Beach, this enchanting Woods Cove property offers a rare opportunity to own a piece of Laguna’s history while enjoying the best of coastal California living.
Property Details
Price:
$4,900,000
MLS #:
LG26054669
Status:
Active
Beds:
5
Baths:
4
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Woods Cove WC
Neighborhood:
lvlagunavillage
Listed Date:
Mar 15, 2026
Finished Sq Ft:
1,864
Lot Size:
14,068 sqft / 0.32 acres (approx)
Year Built:
1939
See this Listing
Schools
School District:
Laguna Beach Unified
Elementary School:
Top Of The World
Middle School:
Thurston
High School:
Laguna Beach
Interior
Appliances
DW, MW, RF, GS, GWH, WHU
Bathrooms
4 Full Bathrooms
Cooling
NO
Flooring
VINY
Heating
CF
Interior Features
BI, CF, FC, LRDA, BL
Laundry Features
IN, DINC, WINC
Levels
U
Main Level Bathrooms
3
Main Level Bedrooms
3
Exterior
Accessibility Features
NO
Architectural Style
COT
Common Walls
NCW
Community Features
SL, SUB
Exterior Features
RG
Garage Spaces
1
Parking Spots
1
Parking Total
1
Patio And Porch Features
BRK, CO, DK, WA, POF
Security Features
SD, COD
Spa Features
NO
View
CA, CI, CO, OC, PA, NE
Waterfront Features
OSF
Window Features
CAS, SCR
Financial
Map
Community
- Address509 Diamond Laguna Beach CA
- SubdivisionWoods Cove (WC)
- CityLaguna Beach
- CountyOrange
- Zip Code92651
Subdivisions in Laguna Beach
- Alta Vista AV
- Arch Beach Heights ABH
- Blue Lagoon BL
- Canyon CYN
- Coast Royal CR
- Crown Point CP
- CUST
- Emerald Bay EB
- Irvine Cove IC
- Laguna Ocean Vista Condos LOV
- Laguna Royale LAR
- Laguna Terrace Mobile PkLT
- Lagunita LA
- Lower Bluebird LB
- Main Beach BCH
- Montage Beach Villas MNBV
- Mystic Hills MH
- North Laguna NL
- Ocean Vista Custom OV
- Portafina PF
- Rancho Laguna RL
- Smithcliffs SMC
- South Laguna Bluffs SLB
- South Laguna Village SLV
- Summit Ridge SR
- Temple Hills TH
- Terraces Laguna Beach TER
- The Village VIL
- Three Arch Bay TAB
- Top Of The World TOW
- Upper Diamond UD
- Upper Victoria Beach UVB
- Victoria Beach VB
- Woods Cove WC
Market Summary
Current real estate data for Single Family in Laguna Beach as of Apr 27, 2026
591
Single Family Listed
107
Avg DOM
865
Avg $ / SqFt
$2,703,340
Avg List Price
Property Summary
- Located in the Woods Cove (WC) subdivision, 509 Diamond Laguna Beach CA is a Single Family for sale in Laguna Beach, CA, 92651. It is listed for $4,900,000 and features 5 beds, 4 baths, and has approximately 1,864 square feet of living space, and was originally constructed in 1939. The current price per square foot is $2,629. The average price per square foot for Single Family listings in Laguna Beach is $865. The average listing price for Single Family in Laguna Beach is $2,703,340.
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509 Diamond
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