Rarely does a home come to market that tells a story as compelling as 33891 Malaga Drive. Located in the heart of the historic Lantern Village on a very desirable double lot (lots 26 & 27), this property is a unique offering on so many levels. One of the earliest dwellings built in the area in 1946, the home has been lovingly cared for over the decades. Since acquired by its current owners in 2014, this charming residence has been comprehensively reimagined inside & out-transformed with the care & intentionality of a newer build while preserving the charm & character that only an older home can provide. Over the past decade, the owners have invested in nearly every system & surface: a designer kitchen anchored by professional Thermador appliances & custom cabinetry, a spa-caliber primary suite created by opening the floor plan & finishing it with quartz, bespoke cabinetry, & a CA Closets system. Fully remodeled bathrooms on both levels, dedicated home theater, new Milgard windows, new exterior siding, new CertainTeed roof with Velux skylight, new gas logs in 2/3 fireplaces, new tankless water heater, a hardwood Timber Tech entry deck, custom stair railings, refinished Douglas Fir hardwood flooring upstairs-among many other improvements. The result is a property that delivers the turn-key finish & elevated detail of a highly-remodeled home, set against the backdrop of one of OC's most sought-after coastal communities. A massive double lot offers ample outdoor space including two large/flat artificially-turfed areas front & back, a deck with covered spa, several patios including street-level - perfect for fireside lounging, and a rustic-country gravel lounging area in the backyard. A wrapping driveway offers uncommon private parking for multiple vehicles (6+) on site & leads to a rare 3-car garage. Other values include solar power, reimagined hard & softscaping, fireplaces on all three levels, whole-house fan & water softener. Ideally located within minutes walking to miles of coastal beach trails & access, nearby the Lantern District town center with multiple restaurants & shopping, the local farmers' market among other fun community events, walkable to the Dana Point Harbor (major renovations in process), great surf nearby at Doheny State Beach & Salt Creek, parks, & truly amazing year-round weather. An updated storybook home located in the highly-desired Lantern District on a double lot - this is truly a rare find!