Nestled in the sought-after ocean view community of Laguna Terrace in South Laguna Beach, this beautifully maintained 2-bedroom, 2-bath home offers a unique opportunity to enjoy the Laguna Beach lifestyle at a fraction of the cost of traditional coastal ownership. Located just across Coast Highway from the world-renowned Montage Laguna Beach and moments from stunning beaches, dining, and shopping, this home combines relaxed coastal living with exceptional value. Inside, the light-filled open-concept layout seamlessly connects the living room, dining area, and kitchen—perfectly positioned to capture breathtaking ocean views. High ceilings and abundant natural light create an airy, inviting atmosphere throughout. The spacious primary suite features an ensuite bath, while a second bedroom and bath provide flexibility for guests. A separate laundry room adds convenience. Outdoor living shines with an expansive deck of over 1,000 square feet showcasing canyon, Catalina Island, white water, and ocean views—an ideal setting for entertaining, relaxing, or enjoying unforgettable sunsets. Window treatments throughout the home in addition to retractable outside awnings, and an outdoor shower for when you get back from a day at the beach! Additional features include a covered carport and pride of ownership throughout, with the home lovingly maintained over the past decade. Laguna Terrace offers an alternative approach to coastal homeownership for buyers seeking the Laguna Beach lifestyle with greater flexibility and lower entry costs compared to traditional single-family ownership in the area. Monthly land lease is $6,000/month with annual increases of 3% or CPI (which ever is greater). Home Serial#'s: PFS1161501/02.