South Laguna Beach · land-lease community

Laguna Terrace

Every home currently for sale at 30802 S Coast Highway — the 157-space community on the canyon side of PCH, directly across from Montage Laguna Beach. You buy the house; Hometown America keeps the land.

COMPILED  19 Aug 2026
SOURCE     CRMLS via Redfin
ACTIVE     14 listings
Check this

The space rent is not ~$3,000. Across the 13 listings that publish a figure, the land lease runs $3,850 to $7,050 a month — median $5,250. Every lease escalates annually by 3% or CPI, whichever is greater, with no cap, and the term resets to 30 years on sale. On most of these homes the land costs more each month than the home itself does.

Active
14
all under $1M
Asking
$165K–$775K
median $367,500
Land lease
$3,850–$7,050
median $5,250 / mo
$ / sq ft
$205–$565
home only, not land
Days listed
5–214
median 84
Cut in 2026
10 of 14
during current listing

What it actually costs per month

Homes on leased land are financed with chattel loans, not mortgages — shorter terms, higher rates, and lenders usually want the home under ~10 years old. Defaults below reflect that. Set it to 100% down for a cash buy.
20%
8.50%
20 yr
3.0%/yr
10 yr

Filters

No homes match those filters.

Space Asking Bd Ba Sq ft Built View $/sf Land lease Loan pmt All-in / mo Land share Total, hold Days Cut from

The land lease is the whole deal

What you are actually buying, and what a buyer needs to verify before writing an offer.

How the structure works

You own the manufactured home outright. You lease the ground beneath it from Hometown America, the Chicago owner that bought the park for a reported $62M. There is no HOA, no land property tax, and no equity in the dirt.

Community
157 sites
Established
1948
Age restriction
None
Lease term on sale
30 yr
Annual increase
3% or CPI
Escalation cap
None
Pets
Restricted
Amenities
Pool, spa, gym

Where the money goes

Take space H4 at $695,000 with a $7,050 lease. Over a 30-year lease escalating at 3%, the ground alone costs roughly $4.0M in nominal rent — and at the end you own a 26-year-old manufactured home and nothing else.

The homes themselves depreciate like vehicles, not like Laguna dirt. Price history bears this out: several of these units have listed, cut, expired and relisted repeatedly over two years without finding a buyer.

The lease, not the sticker price, is what you are negotiating. Ask the park whether the quoted rate is fixed at transfer or resets to a current market schedule — the spread between $3,850 and $7,050 across identical-era homes suggests these were struck at very different times.

Verify before you offer

  • Get the actual lease document — not the MLS remark. Confirm the rate, the escalator, the term, and what resets on transfer.
  • Park approval is required. Buyers must be approved by management separately from any loan.
  • Financing is the constraint. Chattel lenders typically want the home built within ~10 years; older units here are effectively cash-only.
  • Confirm what rent control applies. California mobile-home rent protections generally do not reach long-term leases of more than 12 months — a 30-year lease may sit outside them entirely.
  • Ask for the rent roll history for that specific space over five years.
  • Check the HCD title for the home, plus insurance and any transfer tax.
  • Resale risk: your buyer pool is limited to cash or chattel buyers who also pass park approval.