1953 S Coast Hwy is a beautifully renovated coastal home in Laguna Beach offering 180-degree ocean views, multi level living, and a rare combination of lifestyle, flexibility, and income potential that's virtually impossible to find anywhere else on the California coast. Spanning approximately 3,043 SF across three levels on a 4,000 SF lot, the residence features 4 bedrooms, 4 bathrooms, and expansive open living spaces designed to capture sweeping Pacific views. The home includes sound-insulated walls to reduce road noise, a private backyard with jacuzzi, solar, EV charging, a one-car garage, and an additional driveway space, plus 6 City of Laguna Beach street parking permits. What sets this property apart is its versatility. A ground-level retail suite opens the door for professionals, attorneys, jewelers, designers, or craftspeople looking to run a home-based business with a genuine storefront presence, a rare find in one of Southern California's most sought-after communities. The space is currently leased month to month at an estimated market rent of $4,000 per month, providing immediate income while leaving full flexibility for future use. The home also carries an active, transferable short term lodging permit, already within Laguna Beach's strictly capped inventory and running with the land. Whether you choose to rent occasionally, generate income while traveling, or activate it more fully down the road, this permit represents a durable, difficult to replicate asset that keeps your options open. Live here full time, work from home in style, and let the property pay for itself. Opportunities like this in Laguna Beach simply don't come available.