Premium lot with incredible ocean and Catalina views in the prestigious oceanfront and gated community of Three Arch Bay. This larger than typical lot of approx. 12,000 sq. ft. has front facing ocean and sunset views from the entry, kitchen, nook, dining, the private wrap-around deck, and the huge front yard. Located across the street from oceanfront homes and only steps away from beach access. The property currently has a main house of approx. 1,571 sq. ft which includes 3 bedrooms & 2 baths; a two story back building used as an apartment/studio upstairs and storage downstairs; a separate and detached laundry room; and a detached two car garage. Endless possibilities with your imagination, creativity, an architect, a designer, etc. Community offers 24-hour guard gate, clubhouse, basketball and tennis courts, park, playground and community planned events throughout the year. Minutes to Downtown Laguna Beach, St. Regis Resort, Ritz Carlton, Montage Resort, Newport Beach, and Dana Point Harbor.