1505 Morningside Drive
About This Property
Approx. 2,318 square feet of post-and-beam architecture embraces its natural surroundings, featuring an inviting eat-in kitchen and walls of glass that dissolve boundaries between indoors and out. The result is a serene coastal treehouse experience unlike any other.
Three private bedrooms each open to a personal balcony, creating intimate retreats immersed in nature. A secluded primary suite crowns the home, featuring a sun-drenched private deck and ultimate tranquility. The lower level is dedicated to leisure and wellness, offering a versatile family or flex space alongside a private sauna for a true spa-like escape.
Outdoors, the property blends gracefully into the hillside with a built-in bar anchoring the backyard, perfect for gatherings framed by panoramic vistas. A dedicated workshop offers flexible space for a home office, studio, or expansion.
Located moments from Bluebird Park, world-class beaches, and Laguna's vibrant village, this residence offers the rare combination of serenity, architecture, and stunning coastal views.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 24, 2025 | Sold | ||
| Sold | |||
| Dec 3, 2025 | In contract | - | |
| In contract | |||
| Nov 7, 2025 | Listed by Coldwell Banker Realty | $2,499,000 | |
| Listed by Coldwell Banker Realty | |||
| Sep 24, 2025 | Price Decreased |
$2,595,000
↓ $300K
(10.4%) | |
| Price Decreased | |||
| Aug 11, 2025 | Listed | $2,895,000 | |
| Listed | |||
| | |||
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Discover a rare architectural masterpiece, offered for the first time in history and exquisitely designed by renowned architect Chris Abel. Nestled into the serene landscape of Bluebird Canyon, this home epitomizes the quintessential Laguna Beach lifestyle with its seamless blend of sophisticated design and breathtaking natural surroundings. Stepping inside this 2,318 square-foot split-level home, you are immediately drawn into its captivating post-and-beam design. The welcoming eat-in kitchen sets a convivial tone, guiding you toward the heart of a residence where floor-to-ceiling windows marry the inside with the outdoors framing magnificent canyon and ocean views. This design truly invokes a coastal treehouse vibe. Find sanctuary in 3 private bedrooms, each opening to its own balcony. The primary suite is the crown jewel, offering ultimate seclusion on a sun-drenched private deck. The lowest level is dedicated to leisure and wellness, a versatile family room or flex space provides ample room for relaxation and recreation. And a private sauna creates a spa-like experience, perfect for unwinding after a day at the beach. Outside, the property blends gracefully into the hillside. A built-in bar anchors the backyard, inviting endless opportunities for outdoor gatherings against a backdrop of stunning views. A dedicated workshop offers an ideal space for a home office, storage or expansion. This is a unique chance to claim a piece of Abel architectural history as your home. Don’t miss the moment to embark on a new chapter where opportunity and serenity await.
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About Rancho Laguna
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017