Rare opportunity to own a LAGUNA BEACH merged double lot, between Oro St. and Quivera St. on the Northeast corner of Palo Alto St. and Capistrano Ave. 50' x 100' vacant Ocean View parcel. Multi-Million Dollar custom homes surrounding this location, ensures future investment. Magnificent coastal living features active lifestyle within close proximity. Seven miles of pristine coves and sandy beaches with sea caves, tide pools, and bluffs. Nearby parks, hiking and biking trails. Minutes away from the renown "Festival of Arts". Fine restaurants, bistros, quaint cafes and unique boutiques. Some of the best Art Galleries in the World. All within the City limits for your daily enjoyment. Prestigious and popular Arch Beach captivates the perfectly positioned location with views of the ocean, spectacular sunsets and hills. 20,000+ acres of protected wilderness close by for your optimal exploration. Half way between Los Angeles and San Diego for easy commute. Great buy and hold investor opportunity! Seller may Carry. Land is currently shown as non-buildable per the City. Buyer to own due diligence for suitable uses.