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. At the new price, this is one of the more approachable entries into Three Arch Bay where you can still create upside. 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!