Blue Lagoon is a condo complex located just to the north of the Montage resort, between PCH and the beach. A look at the listings reveals price rollbacks to 2005 levels:15 Blue Lagoon - Listed at $1.69M; Purchased 9/05 for $1.69M
4 Blue Lagoon - Sold $970k; Purchased 8/05 for $1.05M
Is this the bottom or just the first cracks in the Laguna Beach housing market?
