Location, Location, Location! Welcome to 1135 Cape Aire Lane, an absolute jewel of Olde Carlsbad in a cherished neighborhood mere steps from Agua Hedionda Lagoon. Located on a quaint, low-traffic cul-de-sac, this nearly 3,000 SF home sits gracefully on a stunning 18,700 square foot and features an impressive ADU (Accessory Dwelling Unit) with its own kitchen, bedroom and bath. The main home features four bedrooms and a stunning remodeled kitchen with LVP plank flooring, gorgeous white cabinetry, higher-end stainless steel appliances, and center island with quartz counters extended for a barstool seating area. The home features a separate formal dining room accented by continued use of wood beams and vaulted ceilings. The master bedroom is quite large and overlooks the lushly landscaped grounds and features plenty of closet space with mirrored wardrobe doors. Its bath has been tastefully remodeled with Saltillo tiled flooring and a spa-like feel with its decor and generous walk-in shower without any steps. Just outside this wonderful suite is a guest bath and a cozy bonus sitting room which would be perfect as a home office or a retreat. There is a staircase in the center of the home which leads down to a lower level with an additional three bedrooms, a guest bath, and a large bonus room perfect as a secondary living room, game room, or just about anything you could imagine. This additional room adds a significant amount of unpermitted space to the home and probably endless opportunities. Cape Aire Lane is a coveted street and this home is under 700 feet from the lagoon. Imagine picnics along the shore all within walking distance, and as a seagull flies, youre under a mile from the beautiful Pacific Ocean. The location is perfect for those who commute to Orange County or south to San Diego, as the I-5 freeway is just a minute away. Children attend top-rated Carlsbad Unified Schools, and Magnolia Elementary is conveniently just 1.2 miles from the home. The cherry on top in this time of runaway pricing is the economic savings which come with owning this home. There are no HOA fees or Mello Roos which make owning the home easier on the budget. Be sure to view the professional video tour of the home and the ADU!