1313 Panchita Place

The Laguna neighborhood of Santa Barbara sits just northwest of downtown, providing easy access to State Street with its world-class shopping and restaurants. While condos and apartments for rent in this neighborhood tend toward the pricey, Laguna's central location puts you in the center of the city's action. Interstate 101 lies in wait to get you out of town, with the beach beckoning just blocks beyond the freeway.

From Laguna, stroll up to the Santa Barbara Bowl to catch concerts from top-name entertainers in a beautiful outdoor setting with an ocean view. In fact, stroll anywhere you want in this incredibly walkable and bikable neighborhood. Most restaurants line State Street, including the Santa Barbara outpost of the Michelin-starred Bouchon from renowned chef Thomas Keller. Neighbors also give rave reviews to Arigato Sushi and the Opal Restaurant. You can find some of the best Mexican food in the city right in Laguna at Los Agaves.