It's a dream so many of us have: “One day, I'll live at the beach.” Since we're dreaming, why not make it Laguna Beach? In this fantasy, you can hear waves crashing; witness the splash of white foam on the rocks; admire sunsets over the Pacific and take late afternoon strolls on the sand. The logical side of your brain tells you this dream is out of reach. But what if it's not? What if?

Well, “what if” has just become “why not?” The beauty of this vintage Laguna Beach COTTAGE and separate DUPLEX overlooking Victoria Beach is that you can live in the two-bedroom, two-bath cottage, while collecting ample income from your neighboring duplex to dramatically offset the costs of homeownership. The duplex consists of four bedrooms and four baths and has spectacular white-water views, amazing light and a magical vibe. Because of the location, views and overall attractiveness of the property, great tenants line up to live there. Even if you are an investor, this property generates abundant revenues in today's market.

So, why not live your dream? Enjoy the beaches, galleries, hiking trails, restaurants, schools and all the other marvels that are Laguna Beach.