Seize the chance to own one of the last R-2 lots with significant development potential in Laguna Beach’s iconic Village—an exceptionally rare opportunity to build, expand, or create your vision in one of Southern California’s most coveted coastal communities. With 4,800 square feet of prized land and flexible R-2 zoning, the possibilities are as expansive as the lot itself. Whether you dream of crafting a custom home, designing a modern duplex, or enhancing the existing property, this is your moment to make it happen. But the charm doesn’t stop at the development potential. In its current state, 478 St. Ann's Drive shines as a beautifully remodeled cottage that blends timeless character with thoughtful modern updates. The 1-bedroom, 1-bathroom home offers a warm and inviting interior, including a fully updated kitchen and bathroom, as well as two bonus office spaces—perfect for remote work, creative pursuits, or simply finding a quiet escape. Step outside, and you’ll discover meticulously reimagined landscaping that transforms the property into a serene outdoor oasis. The lush greenery and expansive rear deck invite you to relax, entertain, or simply soak in the coastal breezes that make this area so special. Nestled in the heart of Laguna Beach, this property places you mere moments from stunning beaches, renowned restaurants, boutique shops, and top-rated schools. Whether you’re looking for a primary residence, a vacation retreat, or an income-producing investment, this home offers the perfect blend of charm, location, and potential. Opportunities like this are few and far between—don’t miss your chance to secure a piece of Laguna Beach’s legacy.