This is an extraordinary opportunity not often found on the Laguna Beach oceanfront. Situated in the very best view location within the private, gated and highly desirable Blue Lagoon community, this fully remodeled (and expanded) three-story townhouse offers approximately 2,000 square feet of living area with uninterrupted and panoramic views of the entire coastline of Laguna Beach and stretching beyond to Los Angeles. The ocean views begin with the crashing surf below and reach west all the way to Catalina Island – with spectacular sunsets to be seen throughout the year. The bright and open plan is highlighted by a full floor great room inclusive of the main living area, the dining area, a serving bar, and the open plan kitchen. The breathtaking ocean views from this floor are seen through an entire wall of floor to ceiling glass. The entry floor includes another entertaining room (which is the convertible third bedroom), which opens to a large seaside terrace through a wall of retractable glass doors. This room is served by another full bath and includes a laundry area. The top floor includes the serene master suite as well as the second bedroom suite. The master suite features vaulted ceilings and includes a spacious limestone clad bath with Waterworks fixtures and custom cabinetry. It shares the same dramatic upcoast views as the two other floors. The secondary suite is detailed in a similar manner and overlooks the Montage oceanfront park as well as the southern coastline. Blue Lagoon is the premier gated resort-style community in Laguna Beach and includes direct access to its private section of Victoria Beach. Its villas are prized and rarely offered for sale. To the south, it adjoins the renowned Montage Resort and Spa and three of Laguna Beach's most picturesque coves. Blue Lagoon includes parks, gardens, pools, a clubhouse area, and is conveniently located near to the central part of this revered coastal community with its charming shops and fine dining. This property is being offered for the very first time, as it has remained in the original family for over five decades. People often wait years to acquire a home here – especially in this elevated oceanfront bluff location considered to be the best in the community. After one look at the views, the setting, the beaches, and of course at this home, one will know how truly special it is.