FROM THE PUBLISHERS OF “Our Town-Our Paper” LAGUNA BEACH & NEWPORT BEACH COMMUNITIES CoastalRealEstateGuide.com SEPTEMBER 30, 2016 | VOL. 6, ISSUE 39 Midcentury Gem Sparkles in Midtown FEATURED PROPERTY: LAGUNA BEACH Situated in the lower foothills above the center of town, this midcentury post-and-beam style home has unobstructed views of Main Beach and Catalina Island. In the same family for 26 years, it has been tastefully remodeled and meticulously maintained. The main level includes a tropical garden courtyard entry, a living room and modern kitchen. Also on the main level are a large deck, a master suite and a secondary bedroom suite with access to a secluded spa. Downstairs is a third bedroom suite with kitchenette, living room, bedroom, two baths and an office, accessed from within the home or from its own entry. The trapezoidal lot occupies a bend in the street, which is known for dramatic city light and coastline panoramas. Offering price: $2,895,000 Address: 909 Canyon View Drive, Laguna Beach Agent info: Chris Guziak, Provenance Realty, 949.285.0509, www.chrisguziak.com ONE ON ONE WITH DANIELLE PURCELL Her Take on Short-Term Rental Rules By Gina Dostler For the last year, the City of La-guna Beach has not issued new short term rental permits under a mora-torium set to expire Saturday, Oct. 1, when new rules go into affect. The new rules prohibit short-term rentals in neighborhoods, but allow them in commercial areas, mostly on or near Coast Highway. We asked Danielle Purcell of Team Laguna, known for specializing in rental properties, about the rule’s impact. Q: Will there be a stampede by investors to buy in the commer-cial area? A: Personally, I don’t think there will be any difference in the market even though the city has passed new short-term rental rules. Most of the investors for short-term rentals are out-of-state owners who can’t afford to keep the homes and rent them out illegally. And then there are the tenants that have decided to make money for themselves renting out the owner’s property. It’s all a big mess. As for the commercial people and the international sect that invest in vacation homes, they don’t normally participate in the weekly rentals. Q: But the rules now state no short-term rentals in neighbor-hoods. A: They will never stop. Nobody in the short-term rental is ever Continued on page 2 Danielle Purcell Join Coldwell Banker Residential Brokerage Saturday, October 8, 2016 | 5:00 – 9:00 PM Coldwell Banker ® Atrium | 840 Newport Center Drive, Newport Beach Tickets Available Online At www.ifhomeless.org/aod2016 $100 Per Ticket BENEFITING PROUD SPONSOR COLDWELL BANKER RESIDENTIAL BROKERAGE © 2016 Coldwell Banker Real Estate LLC. All Rights Reserved. Owned By a Subsidiary of NRT LLC. Mention Coldwell Banker Residential Brokerage Under Company Name During Check Out.