Development Opportunity with plans. Situated in the prestigious enclave of Spyglass Hill, this tastefully updated single story home offers breathtaking sit down panoramic views of the Pacific Ocean, Catalina Island, Newport Harbor, and city lights. Currently, the home resides as a very livable 4 bedroom home encompassing 2,916 square feet of living space on a sprawling 12,850 square foot lot, seamlessly blends comfort and elegance. The open floor plan is designed for effortless entertaining, featuring a spacious living room with a fireplace, a thoughtfully designed kitchen, and expansive windows that frame the stunning vistas. For those seeking to create an architectural masterpiece, approved plans by the esteemed Laidlaw Schultz Architects offer a vision for a custom built 4,000 square foot, one story estate. This future residence is designed to maximize the home's unparalleled views, featuring a private central courtyard, an elegant primary suite, and an open concept living, dining, and kitchen areaall oriented to capture the coastal beauty. The plans also include a luxurious pool and outdoor spaces. In one of Corona del Mars most desirable neighborhoods, this property offers proximity to renowned shopping, fine dining, world class beaches, blue ribbon schools, and scenic parks. Whether enjoying the existing home or bringing the new vision to life, this is a rare opportunity to own a slice of coastal paradise.