Welcome to your Laguna Beach dream home! Income opportunity! This stunning Coast Royal home offers breathtaking ocean, coastline & Catalina views enjoy the exquisite Laguna Beach lifestyle. Don't miss out on this amazing opportunity to own the lowest priced single-family home w/ guest quarters in all of Laguna! Step inside this gorgeous home & be captivated by the custom wood-framed French doors that lead to five recently treated IPE wood decks, providing over 2000 sq ft of outdoor living and entertaining areas. Virtually all of the wood on the exterior has been replaced or stained, giving the home a fresh and modern look. The interior features Granadillo wood floors in all bedrooms and downstairs hall, while the living room, dining room, entry, & kitchen areas boast modern stone flooring. The gourmet kitchen is a chef's dream, complete with custom imported Italian cabinets, fixtures, and a 6-burner Viking Professional stove, oven, and microwave. Imagine cooking while enjoying the stunning sea view! The living, dining & master bedroom feature soaring 20' ceilings w Venetian plaster, wired for surround sound & perfect for showcasing your art collection. The guest flat, ocean views, has its own complete kitchen, bath, & two bedrooms, one of which is currently used as an office.A partially finished basement that could be converted into another ADU or used as a yoga studio, wine cellar, or any other large extra space you need. Features include a tankless Noritz hot water heater in the main house, separate hot water heater, thermostat, and laundry facilities in the ADU house, and a fully renovated 3-car garage w/ commercial-grade garage doors, built-in custom cabinets, and epoxy floors. Step outside & enjoy a lovely backyard garden with fruit trees & plumeria, offering a serene oasis to relax & unwind. This property is perfect for an investment property, family compound, artist retreat, or a luxurious forever home. Location is prime, w/ this private property located just minutes from some of the world's best beaches, restaurants, shopping, hiking trails, & more. A recent study, Laguna Beach has been selected as one of the cleanest beaches in America. The views are even better in person, don't miss this opportunity to experience the Laguna lifestyle at its finest! Don't wait, schedule your showing today & fully appreciate the beauty & potential of this exceptional property in South Laguna!