Now offered at $5,495,000 - a $500,000 price reduction - making 2 North Vista de La Luna the best-priced home in all of Three Arch Bay. The two-story home features an easy, functional layout with four bedrooms (two on the main level) and vaulted ceilings with exposed wood beams. Set on a highly desirable flat lot, the property includes a fully usable ocean-view backyard, plus a long driveway and 2-car garage - rare for Laguna Beach. This is an incredible opportunity to create your dream home and coastal lifestyle in one of Southern California's most idyllic and sought-after communities. While ready for modernization, the home offers exceptional potential in an unbeatable location. With no other active listings in Three Arch Bay under $13M, this is a standout opportunity for value, views, and lifestyle. Residents enjoy 24 hour gated security, private beach access, tennis courts, sport court, tot-lot, beach volleyball, and beach BBQs and fire pits - offering year-round coastal living at its best!