Wonderful opportunity to live on one of the best cul-de-sacs in Ladera Ranch! Waverly Place is a small, tree-lined street in the Oak Knoll Village with only 8 homes on it, featuring a variety of architectural styles. This charming neighborhood, known as Fairfield 1, has won the holiday decorating contest in Ladera Ranch for the past two years! This popular Fairfield plan 3 features 4 bedrooms, including a main floor bedroom, plus a loft (can easily be converted to 5th bedroom), and 3 full baths. Upgrades include hardwood flooring, ceramic tile, custom paint, ceiling fans and plantation shutters. Some of this floor plan's unique features include a separate living room with soaring two story ceiling, and formal dining room. Great room features generous kitchen with center island, granite counters, white cabinetry, breakfast nook and family room with raised hearth fireplace. Master suite has oversized walk-in closet and master bath with dual sinks, vanity and separate tub & shower. Two additional bedrooms plus loft on second level, walk-in linen closet, and upstairs laundry room with sink. Relax and unwind in the private backyard featuring covered patio with stone and brick accents, above ground spa, dining area, built-in barbecue with bar, and lush landscaping. Close to award-winning schools: Chaparral Elementary, Ladera Ranch Middle and Tesoro High School, and the Oak Knoll Clubhouse with two pools and water park. Low tax rate!