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509 DiamondLaguna Beach, CA 92651

For Sale

$4,900,000

Smart Buyer Rebate $49,000

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.

Listed by Gilda Duhs

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License #00892910

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Coldwell Banker Realty

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949-683-7232

Last updated March 16, 2026

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Source: CRMLS #LG26054669

Listing Facts

  • TypeSingle-family
  • NeighborhoodUpper Diamond
  • Bedrooms5
  • Bathrooms4
  • Days on Prevu2
  • Size1,864 sqft
  • Price per sqft$2,629

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Parking

Location

Mortgage Calculator

Listing History

03/15/2026
Listed by Coldwell Banker Realty
$4,900,000

Property Details for 509 Diamond

Association

Amenities

  • Community Features: Street Lights, Suburban

Exterior

Construction

  • Number Of Units Total: 2
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Stories Total: 2
  • Structure Type: House
  • Window Features: Casement Window(s), Screens
  • Year Built: 1939
  • Architectural Style: Cottage
  • Common Walls: No Common Walls
  • Construction Materials: Copper Plumbing
  • Entry Level: 1
  • Entry Location: 1
  • Exterior Features: Rain Gutters

Features

  • Patio And Porch Features: Brick, Covered, Deck, Front Porch, Wrap Around
  • View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic
  • Waterfront Features: Ocean Side Of Freeway

Measurements

  • Lot Features: Back Yard, Front Yard, Garden
  • Lot Size Acres: 0.32
  • Lot Size Area: 14,068
  • Lot Size Source: Owner
  • Lot Size Square Feet: 14,068
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 64429206

Interior

Features

  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Water Heater, Dryer, Washer
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Flooring: Vinyl
  • Interior Features: Built-in Features, Balcony, Ceiling Fan(s), Living Room Deck Attached, Bedroom On Main Level

Measurements

  • Living Area: 1,864
  • Living Area Source: Owner
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 5
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3

Other

General

  • Exclusions: Staged furnishings and accessories. 3 bathroom mirrors in main house.

Location

  • Subdivision Name: Woods Cove (WC)
  • Tax Lot: 87

Parking

Parking

  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Door-Single, Driveway, Electric Vehicle Charging Station(s), Garage, Gravel
  • Parking Total: 1

Schools

Elementary School

  • Elementary School: Top Of The World

High School

  • High School: Laguna Beach
  • High School District: Laguna Beach Unified

Middle or Junior School

  • Middle Or Junior School: Thurston

Utilities

Equipment

  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 5 bedrooms and 4 bathrooms in this single-family home at 509 Diamond.

What schools are nearby to 509 Diamond?

Nearby schools include the Top Of The World Elementary School, Thurston Middle School, and Laguna Beach High School.

Does this single-family home have parking?

Yes, there is 1 parking space available for 509 Diamond.

How does 509 Diamond compare to other single-family homes in Upper Diamond?

This single-family home is listed 15% below the average price for single-family homes in Upper Diamond and has been on the market for 101 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 1,864 sqft.

509 Diamond is a 5-bedroom, 4-bath single-family home for sale in Laguna Beach CA 92651. Listed on Prevu for 2 days at $4,900,000. This property features 1,864 square feet of living space, located in Orange County. The median listing price for single-family homes in this area is $5,247,498. Nearby schools include Top Of The World Elementary School, Thurston Middle School, and Laguna Beach High School. Additional amenities include private outdoor space, dishwasher, parking, and washer/dryer. View other single-family home listings in Orange County.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.