Showcasing panoramic views of breaking waves, the sparkling Pacific Ocean, magnificent sunsets and evening lights along the coastline, this historic 1931 cottage epitomizes quintessential Laguna Beach living. Carefully upgraded with on-trend improvements while maintaining its intrinsic charm, the three-bedroom, two-bath home offers the low-property-tax benefits of California’s Mills Act. An impeccably maintained terraced homesite of nearly 6,656 square feet displays handsome brick hardscaping, manicured landscaping and spacious outdoor living areas with ocean views in the front and rear yards. A two-garage offers parking at street level, and two large patios and a covered front porch welcome outdoor entertaining with enchanting views of Aliso Beach and the ocean. Vaulted ceilings with etched wood beams soar over most living spaces, including a fireplace-warmed living room with expansive ocean-view windows and access to the front yard, and a dining room with two French doors opening to the backyard. The kitchen retains the home’s cottage vibe while incorporating upgraded stone countertops and stainless steel appliances including a Wolf range. Enjoy casual meals in the ocean-view breakfast nook, or step out to the front patio for morning coffee and hypnotic Pacific vistas. Approximately 1,712 square feet, the open and light residence is richly detailed with hardwood and tile floors, colorful tiles at interior stairs, marble and brass in baths, recessed built-in shelving, solid interior doors and dramatic archways. One bedroom offers the advantage of private outdoor access, and another features a sitting room. Mature gardens are interwoven with brick pathways in the backyard, where ocean views embellish a patio that is perfect for parties and simple relaxation. A sought-after address within South Laguna’s Coast Royale neighborhood includes a private pathway to the beach and easy access to endless shopping and dining attractions, world-renowned art galleries, the oceanfront Montage resort, and The Ranch at Laguna Beach, a luxurious resort and golf course in picturesque Aliso Canyon.