Situated on one of the community's largest lots, this three-bedroom, two-bath home combines over 1,500 sq. ft. of comfortable interior living with a rare, oversized backyard that invites endless possibilities for outdoor living. Discover coastal living at its finest in Laguna Terrace, a desirable South Laguna community located just across from the world-renowned Montage Resort and beaches. The home features high ceilings, lots of windows, and a warm neutral palette create a relaxed coastal feel, while the living room fireplace adds comfort and charm. Enjoy a generous covered patio and private backyard - ideal for entertaining or simply taking in the canyon breezes. The entire home has been painted inside and out, new appliances, washer & dryer, new light fixtures, and kitchen cabinet resurfacing. In this community the Laguna Terrace residents enjoy resort-style amenities including a pool and hot tub, fitness center, and clubhouse equipped with a full kitchen and an internet cafe. Just minutes from downtown Laguna's galleries, restaurants, and festivals, this home offers a rare opportunity to embrace the Laguna Beach lifestyle at a fraction of the typical price. The monthly land lease - currently $5,100* - allows you to enjoy a premier Laguna Beach address without the high cost of land ownership. *Annual increase of 3% or the CPI (whichever is greater) applies. Home Serial #'s:17600PH019464A/B.