INCOME PRODUCING! NEWLY RENOVATED with amazing water views! Beach house property is a prime location just a mere 100 yards from the pristine shorelines of Laguna Beach and boasts $140,000 in rental income for 2023. This fully furnished, luxurious three-story home is in excellent condition and provides an attractive opportunity for investors seeking a turnkey rental property as well as buyers seeking a primary residence or a luxurious vacation home. The home is spacious enough to serve as a main residence or vacation home for up to 14 guests. It was completely remodeled in 2022, with additional kitchen and bathroom renovations completed in 2024, and features stunning Gulf views (especially from the third-floor living space), a lock-out suite on the ground floor, ample covered parking, high-impact windows, fresh paint, upgraded finishes throughout, and a hydraulic elevator ensuring easy access to each floor. The paved back patio is perfect for entertaining and relaxing alike with a fully heated pool and hot tub, an outdoor kitchen and grill, and a surrounding lounge patio area. The first-floor lock-out suite is self-contained with its own kitchen, king-size bedroom, spa bathroom, and living room with a sleeper sofa. The second floor has two luxurious king suites with private balconies and a bunk hall. The third floor features open living/dining space with expansive Gulf views, and hardwood floors with a cathedral ceiling. A fully equipped kitchen with granite countertops and stainless appliances, and dining area with a breakfast bar provide convenience and a gathering place for all. The third-floor balcony also offers stunning Gulf views. The property also includes overflow garage storage for beach toys, bicycles, etc. Schedule your showing today, this one won't last!