Welcome to your dream coastal retreat in Laguna Beach! This updated three-bedroom, two-bathroom cottage sits on a rare DOUBLE LOT facing the water, offering endless possibilities to expand, add a pool, or even build another structure. Located just one block from the world's most beautiful beaches, you can enjoy sunset walks and morning coffee with Gulf breezes in minutes. Inside, you'll find a fully remodeled kitchen with high-end appliances, sleek cabinetry, and gorgeous countertops. The home features elegant Italian porcelain floors, double-pane argon gas windows for energy efficiency, and updated bathrooms designed for relaxation after a day at the beach. The versatile third bedroom includes its own private entrance and open deck, making it ideal for guests or additional rental income. Whether you're looking for a turnkey short-term rental, a vacation getaway, or a full-time residence, this property checks every box. With short-term rentals allowed and plenty of space for expansion, this is a rare opportunity to own one of the most versatile properties in Laguna Beach. Don't miss your chance to make this coastal gem yours, schedule your private showing today!