Welcome to 1 Red Leaf Lane, a stunning corner-lot townhome and former developer model in the desirable Bannister Street community of Ladera Ranch. This unique three-story residence offers 3 bedrooms, 3.5 bathrooms, plus a spacious loft ideal as a 4th bedroom for additional living space. The highly versatile ground-floor suite offers exceptional live/work flexibility with its own exterior entrance, interior access, bathroom with shower, and abundant natural light. Street frontage creates an exciting opportunity for a home office, professional workspace, guest suite, or additional living area for income of $2200+ per month. Enjoy picturesque views across Triad Lane toward Boreal Park and rolling hills. The charming patio opens to a beautiful park setting, while the dramatic two-story living room features soaring ceilings and oversized windows. The designer kitchen showcases Calacatta-style engineered quartz countertops, handcrafted-look white subway tile backsplash, custom white shaker cabinetry with brushed brass hardware, a white fireclay apron-front farmhouse sink and high-arc matte black pull-down faucet. Premium appliances include a Bosch stainless-steel dishwasher and LG Smart Slim microwave. Custom lighting, including matte black pendants and integrated under-cabinet LEDs, a nice look. The home features wide-plank European white oak-style flooring, shutters, tall baseboards, volume ceilings, dimmable lighting, and custom closets. A Google Nest Thermostat adds smart-home convenience. The primary suite is a luxurious retreat with a custom charcoal/taupe double vanity, Calacatta quartz, dual LED backlit mirrors, oversized marble-look porcelain flooring, glossy white vertical herringbone shower tile, Carrara-style hexagonal mosaic shower flooring, matte black fixtures and a beautiful freestanding soaking tub. The secondary bathroom features a white shaker vanity, quartz countertop, fish-scale mosaic tile, matte black shower enclosure and brushed brass fixtures. The stylish powder room includes a vertical herringbone tile accent wall, natural wood console vanity, charcoal vessel sink, brushed brass faucet and custom white oak chevron barn door. The third-floor bedroom includes its own full bath, while the loft offers additional flexibility. The attached two-car garage and full driveway. Enjoy everything Ladera Ranch offers, including 15 pools, splash parks, sports courts, skate park, clubhouses, and more.