Investors dream. Live in one, lease the other. Lease them both. Or a family compound. Two beautiful homes on one lot in the heart of The Village. The front house, 515 Reed, is a classic 1929 Laguna cottage recently expanded and completely remodeled. The home boasts 2 bedrooms and 2 bathrooms with a bright and open kitchen, living, dining area and a large bonus room, currently being used as a 3rd bedroom. Hardwood floors and a brick fireplace add to the wonderfully warm feel of this home. Enjoy outdoor living on the private wood back patio and front deck-great for entertaining. Opposite end of the spectrum but equally impressive is 517 Reed. A brand new urban loft feeling contemporary home with 3 bedrooms and 2.5 baths. Polished concrete floors downstairs and in the entry, an open architectural steel and wood staircase leads up to hardwood floors where the light pours into the living room, kitchen and master bedroom suite. An attached 3 car garage serves both homes. Highest level of craftsmanship and materials used in each of the homes. Extensive landscaping creates space and privacy between the two homes. Close to beaches, restaurants, shops and more. So many options to consider.