An oceanfront home for sale in South Laguna Beach‘s prestigious Three Arch Bay community is now listed as a short sale and flaunting a price that is $3.5 million cheaper than its first list price.

Originally built in 1933, the French Normandy style home has sweeping ocean views and stairs that lead directly to the sand.

CLICK through the photo slide show to see more of this coastal gem.

Contact the writer: khart@ocregister.com or 949-454-7391