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Welcome to 561 Graceland Drive — where Laguna Beach's laid-back coastal soul meets serious versatility! This is the one you've been waiting for: a charming 2-bedroom, 1-bath cottage of approximately 800 sq ft PLUS a detached 300 sq ft studio ADU right behind it, all on one fantastic Laguna lot. Two dwellings, one address, and a lifestyle that sells itself! Step inside the front home and feel the Laguna vibe instantly! This sweet, cozy 2-bed, 1-bath cottage is classic beach-town living at its best — easy to live in, easy to love, and just the right size to kick back and soak up that famous Southern California sunshine. Low-maintenance, high-charm, all Laguna! And then there's the bonus: a separate 300 sq ft studio ADU right out back! Rental income to help with the mortgage, a private guest suite for visiting friends and family, a creative studio, a home office with a real commute of about 30 steps — you decide! Opportunities like this in Laguna Beach don't come along every day. So who is this property for? Anyone with a little imagination! Investors, you've got two units on one Laguna lot. It's currently tenant-occupied on a month-to-month basis, so there's income from day one and flexibility down the road. Looking for a multi-generational setup? Keep everyone close while giving each person their own front door. Or dream bigger: a live/work combo, an artist's retreat, a weekend escape with a guest house, a long-term hold in one of California's most coveted coastal towns. If you can imagine it, 561 Graceland can probably do it! Buyer to verify all tenancy terms and applicable regulations. Location? It's Laguna. Minutes to world-famous beaches, galleries, coastal hikes, sunset dinners, and the energy of downtown and Main Beach. Pacific Coast Highway, the art scene, the coves — it's all right here, waiting for you. Two dwellings, endless possibilities, one unbeatable town. Homes like this move fast — call today and come see it for yourself!

Highlights

  • Residential
  • Single Family Residence
  • Built in 1921
  • 0.0918 Acre Lot
  • $0/ HOA
  • 0 Car Garage
  • 1 day on Market

  • Bedrooms
    2
  • Bathrooms
    2
  • Year Built
    1921
  • Stories
    1.0
  • Garage Spaces
    0.0
  • Living Area
    1100.0
  • Interior Features
    All Bedrooms Down
  • Pool Features
    None
  • Cooling
    None

  • Acres
    0.0918
  • Lot Features
    Yard
  • View
    None
  • Water
    Public

  • Area
    LV - Laguna Village
  • County
    Orange
  • City
    Laguna Beach
  • Neighborhood
    The Village (VIL)
  • Zip Code
    92651

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Frequently Asked Questions

How do I schedule a tour of 561 Graceland?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 561 Graceland.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 561 Graceland?

Click Ask a Question to talk with our team. You already know it is a 2 bed, 2 bath, listed for $2,195,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Laguna Beach, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 561 Graceland?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 561 Graceland at around $12,491. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 561 Graceland?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Orange County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 561 Graceland?

In most cases, yes. Whether 561 Graceland is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Laguna Beach's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 561 Graceland?

We can handle that for you. Our preferred local agent specializes in residentials in Laguna Beach and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $2,195,000 with 1,100 sqft of space—that comes out to approximately $1,995 per square foot.

How long has this property been on the market?

561 Graceland was listed on November 12, 2026, which means it's been on the market for 1 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1921, making it approximately 105 years old.

What is the lot size of this property?

561 Graceland sits on a 0.09-acre lot, which is 3,920 square feet.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $0.

Is 561 Graceland still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information from California Regional Multiple Listing Service as of November 13, 2026 at 02:17AM All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: November 13, 2026 at 02:17AM | Source: California Regional Multiple Listing Service | MLS#: OC26242921