581 Diamond ST Laguna Beach, CA 92651

Located in the heart of Woods Cove, renowned Artist Walter Foster, constructed this magnificent French Revival residence in 1940 with additional guest house in 1945. This is a Mills Act historical home that is granted a dramatic reduction in tax basis. Current property tax is $4,745/year. Privately nestled on Diamond Street with expansive Catalina, ocean and white water views from nearly every room. The 3 bedroom, 3.5 bath main house features a large living room with 23 foot ceilings, wood and gas burning fireplace, large windows and French doors. Dining room opens to massive ocean views, French doors and romantic Juliet balcony. Chefs kitchen with stainless steel appliances, walk in pantry, with charming Dutch door leading to exterior stairs down to a private guest room with office and en suite bath. Generous master suite features a fireplace, sitting area, walk in closet, double vanity master bath and dramatic ocean and white water views. Other highlights of the main house include separate family room, main level en suite guest bedroom, plus guest powder and laundry room. Private 1 bedroom/1 bath guest cottage with living room w/gas fireplace, kitchen, bonus room/loft space, surrounded by a large wrap around deck with ocean views from Catalina to Palos Verdes. Whether one chooses to walk up the lushly lined walkways or take the elevator from the street level 2 car garage, an immediate sense of a bygone era of Laguna elegance is realized.