217 Wave Street NORTH LAGUNA BEACH - Located in the highly desirable North Laguna Beach neighborhood, this original and charming single-family residence is situated on an approximately 4, 350 square foot lot with valuable street-to-alley access. The property features a private rear yard and a detached oversized garage, offering exceptional potential for future improvements. This one-bedroom, one-bath home presents a rare opportunity to renovate, expand, or create a custom coastal retreat. Adding to its appeal, plans for an Accessory Dwelling Unit (ADU) are approximately 95% through the City approval process, providing a significant head start for the next owner. In addition, plans for the main residence, thoughtfully designed by Olivos Architects, are currently pending City approval. Ideally located just moments from Laguna Beach's renowned beaches, galleries, restaurants, shops, and local amenities, this property offers the perfect blend of homeownership and the coveted coastal lifestyle. Whether you choose to restore the existing home, build upon the approved vision, or complete the architectural plans already in progress, this exceptional property provides an exciting canvas to create your dream home in one of Laguna Beach's most sought-after neighborhoods.