Located 10 miles southeast of Newport Beach. The community is an artists colony similar to Carmel in Monterey County. The sketch map of Rancho San Joaquín (1841) shows Laguna Canyon and several marshy ponds giving the name "Cañada de Las Lagunas." For many years a pier provided a landing place for fishing boats but this has been washed out, piece by piece. There are now no unloading facilities other than the sandy beaches where skiffs are hauled out.

In the past 20 years the fish landings have averaged about 9,000 pounds annually with 39,000 pounds in the peak year of 1944. The chief species have been lobster, albacore, barracuda, and swordfish. In 1951 the leading species were albacore and lobster. Two or three skiff fishermen operate a few lobster traps out of Laguna and a couple of small boats fish for abalone one or two days a week during the season. There is very little sport fishing at Laguna.