An active, transferable nightly short term lodging permit and sweeping 180-degree ocean views set this beautifully renovated Laguna Beach residence apart. Located on the west side of Coast Highway, the home is just one block from renowned Woods Cove Beach. Spanning approximately 3,043 square feet across three levels on a 4,000-square-foot lot, the home offers four bedrooms, four bathrooms, and expansive living spaces oriented toward the Pacific. The property combines comfortable coastal living with an uncommon degree of flexibility. Sound-insulated walls help reduce road noise, while the private backyard with jacuzzi, owned solar, EV charging, one-car garage, and an additional driveway space. The ground level features a dedicated retail suite with a true storefront presence, creating an opportunity for professionals or creative businesses. The space is currently leased month to month, providing immediate income while preserving flexibility for future use. The short term lodging permit is part of Laguna Beach’s strictly capped inventory and runs with the land. Whether used for occasional rentals, to generate income while traveling, or more extensively in the future, the permit provides an additional income opportunity that is increasingly difficult to replicate. With panoramic ocean views, multiple levels of living space, an existing commercial component, and two distinct avenues for generating income, 1953 S Coast Hwy offers a rare combination of lifestyle and flexibility in Laguna Beach.