$1 Million Dollar Price Reduction for a Pre-Construction Purchase of this new Ocean view home! Forever unobstructed Ocean and Catalina Island views abound from this rare buildable lot with approved plans for a 3542 SF, 4 bedroom, 4 bath Ocean view home gracefully positioned on lower Alta Vista Way in internationally renowned Laguna Beach. Designed for California's famous indoor/outdoor living with two stunning Ocean view decks, nothing was spared in the planning of this luxury enclave. The owner is an extremely experienced developer who can help guide the new owner through the building process for a new $5.9M (A $1M savings as the price will rise during construction) ultra-luxury Ocean view home with an elevator, 2 car garage and off street parking for 4 additional vehicles. This site offers the ultimate in seclusion and direct street access, and it is bordered by a nature preserve on the Ocean side of the property ensuring views with no poles, wires, or rooftops. Two of the finest beaches in Southern California are within walking distance as well as shops and restaurants. The approved site topography ensures that the buildable envelope would not unreasonably block any neighbors existing view. Take advantage of this incredible investment opportunity to build your dream home on one of the finest Ocean view sites in Laguna Beach.