Just Completed. Perfectly Positioned. Truly One of One. Ideally located in the highly sought-after Laguna Terrace Community in South Laguna, this newly completed residence offers a rare opportunity to live moments from the coast while enjoying elevated privacy and canyon serenity. Positioned above Pacific Coast Highway-directly across from the iconic Montage Laguna Beach Resort, Aliso Beach Park, Treasure Island Beach, and Victoria Beach-the location is unmatched. A nearby trolley stop adds effortless access to historic Laguna Beach Village, where world-class dining, shopping, galleries, and renowned art events await. Thoughtfully designed with meticulous attention to detail, the home spans 1,770 sq. ft. with soaring 9-foot ceilings, 8-foot doors, and an abundance of oversized windows that flood the interior with natural light while framing peaceful canyon views. The open-concept floorplan seamlessly connects the kitchen, dining, and living areas-ideal for both entertaining and everyday living. The layout includes two spacious bedrooms with ensuite baths, offering privacy and comfort along with a versatile flex space perfect for a home office, den, or third bedroom. A generous wrap-around deck extends the living space outdoors, creating the perfect setting to relax, entertain, and take in the tranquil surroundings. As part of the private Laguna Terrace community, residents enjoy resort-style amenities including a year-round heated pool, spa, clubhouse, and fitness center-all without HOA fees or the added expense of real estate taxes on the land. There is a monthly land lease of $5,100/month with an annual increase of 3% or the CPI (whichever is greater). Homes of this caliber, condition, and location rarely come to market. This is coastal Laguna living at its most exclusive-and opportunities like this don't last. Home Serial#s:235ACPHA002004ASC/BSC/CSC