Located in the South Laguna Area is a gated community called Three Arch Bay. As with most luxury gated communities in Laguna Beach the entry level pricing to get into this neighborhood starts right around $2 million dollars. For this price range you will be able to find a home in the upper Three Arch Bay area with views of the ocean. Since the community is split into two different areas, one of the ocean side and one up in the hills, price ranges can vary a lot. For most clients looking for homes on the ocean side, Three Arch Bay homes for sale under $3 Million can be a tough venture. Currently, there is just one home for sale in the lower Three Arch Bay area with an asking price of $2,879,000. The home features 3 bedrooms with just over 2,200 square feet of living space. You are able to see the ocean from your dutch farm entry door and from the deck and living room areas. One of the advantages of living in the lower section of Three Arch Bay is the walk ability factor. From any location in Lower Three Arch Bay you are able to walk down to the beach within just a couple of minutes. Since the neighborhood is very small all the neighbors know each other and there is a real sense of community. The lower section all has a community park area with a clubhouse and park area as well. The community is a 24 hour guard gate community and entry is very strict. If you are in the market for homes in this price range make sure to have your Realtor watch the market closely. The inventory of homes in Laguna has been at an all time low so buyers have very little choices at the current moment. With the upcoming elections it will be interesting to see what effect that will have with inventory and real estate prices.