Breathtaking panoramic views of the ocean and Catalina Island, to be enjoyed year round! This extra large 16,000 sq. ft. Monarch Bay Terrace flat, corner lot features both privacy and spectacular views in this highly sought after coastal community. Add your touch and upgrades to the existing open and airy, 4 bedroom, 2.5 bath home that is comprised of stunning views from all of the main living areas. Inside, feel the warmth of the open floor plan which includes newer flooring and oversized windows throughout, bringing the outdoors in. Enjoy sunsets from the relaxing living room and dining room with cozy fireplace and high ceilings. Or, take advantage of the unique lot to design your dream home in a community that has been continually increasing in value. The recently remodeled kitchen is complete with quartz countertops, walk in pantry, double oven, Wolf gas range, Bosch dishwasher and kitchen nook. This home features 3 generously sized guest bedrooms and the master suite offers exceptional views from inside and on the deck, perfect for morning coffee or evening cocktails. The master bath is complete with dual vanities, large walk in shower and walk in closet. Step outside to the expansive pool sized backyard with patio and large grassy area, perfect for entertaining 365 days a year! Generous 3 car garage adds to the spaciousness and storage opportunities of this home. Close to pristine beaches in Dana Point, Monarch Beach and Laguna Beach and close to world renowned Ritz Carlton Hotel and Monarch Beach Resorts, highly rated retail and dining, and only minutes from the Dana Point Harbor and Laguna Beach!