Lake Laguna Palma lot for sale. Although there is no more lake,Eugene Rouggly had a dream of building a lake that people could enjoy. So he along with some others built a dam in the 40s and and created Lake Laguna Palma. But by the 80s the dam was declared unsafe and had to be destroyed. Part of the dam can still be seen today. Electric lines are at the edge of the property and paved county road frontage. Come take a look at this property and see what dreams you can come up with for your home.