This exceptional 3 level, 2 story residence offers a rare opportunity in Laguna Lake — one of Fullerton's most coveted and tightly held neighborhoods. Set on an approximately 21,000-square-foot lot, the home delivers a remarkable blend of scale, character, and resort-style living. A striking foyer welcomes you with timeless tile floors and a dramatic stone peek-through fireplace, where a grand piano anchors the entry. Gracious gathering spaces unfold beyond, including a formal family room with wet bar. The first-floor primary suite is a tranquil retreat featuring a dressing area, generous walk-in closet, and spa-inspired ensuite with dual vanities, soaking tub, and serene koi pond views. A separate living room completes this level. The second level showcases an entertainer's kitchen with rich oak cabinetry, abundant storage, dual ovens, custom accent lighting, and a large center island with prep sink. A sunlit breakfast nook sits just off the kitchen, while a pass-through window opens to a bright, airy sunroom. The formal dining room — elevated by a crystal chandelier — flows effortlessly into the sunroom, ideal for gatherings, a home office, or fitness studio. This level also features a spacious laundry room, custom-built sauna, and full bath. Located on the third level, a second primary suite and 3 well-appointed bedrooms each offer a private ensuite. Outdoors, the grounds are nothing short of spectacular: a grand lap pool with slide and diving board, separate in-ground spa, and a full tennis court with in-ground basketball hoop. Entertaining is effortless with a built-in BBQ, motorized awning, and ample space for al fresco dining. Additional highlights include a gated front yard, dual-entry extended driveway, drought-conscious landscaping, single-car garage, and a covered carport accommodating up to three vehicles. Available to a new owner for the first time in nearly 30 years, 2441 Terraza Place sits within a highly rated school district and just moments from the very best Fullerton has to offer.