In this storied enclave of just over sixty homes, 40 Lagunita - an exceptional and prominent location overlooking the sands and waves of Victoria Beach - is now available after multiple generations of family ownership. A short private community staircase adjacent to the home leads directly to the beach. Only a single row of Lagunita oceanfront homes sit between 40 Lagunita and the sand. The gated Lagunita community, home across the years to celebrities and business luminaries, allows for a wonderfully low-key beach lifestyle and a terrific juxtaposition to other more public oceanfront and beach-close locations in Laguna Beach. The home, a perfect example of the mid-century ranch style, offers broad coastline views, beautiful sunsets year-round, and full Catalina Island views. The current floorplan is surprisingly modern in feel. A great room open to dining and an open kitchen anchor the upper street level, with the primary bedroom suite and an additional bedroom and bath on this level offering an opportunity for the bulk of 'living' on a single level. Almost all rooms on the street level and a wonderful terrace share in the superior coastal views. The lower level includes a second great room and an additional guest bedroom suite and bath - with a walk-out rear yard. Surprisingly, the lower level includes stellar ocean views from most rooms and the rear yard. A sheltered front entry courtyard provides function as well as a beautiful entry to the home. On colder winter evenings (Southern California 'cold', that is), the courtyard is a terrific spot for outside dining and entertaining with protection from the cooler on-shore airflow. 40 Lagunita delivers an endless number of possibilities - a terrific home to live in as-is, improve and update the current home, or potentially add on or rebuild on this outstanding and rare parcel. Only a handful of homes in Lagunita, let alone Laguna Beach at large, share such a prime ocean-view and beach-close location - while many will covet 40 Lagunita, only one will be able to shepherd this special property into the next 100 years.