Situated high in the hills of Monarch Bay Terrace on one of the communitys premier lots, this single level home of over 4600sqft. on a nearly 21,000sqft. lot offers breathtaking panoramic ocean views and incredible privacy. A long, dramatic, gated private driveway leads to a 3 car garage and a serene entry courtyard, setting the tone for the tranquil coastal living that awaits. Step through glass front doors to soaring ceilings, expansive living spaces, and walls of windows that frame jaw dropping views of the Pacific Ocean. The kitchen, family room and dining room all enjoy stunning vistas that stretch from the Dana Point Headlands, with views continuing to the Ritz Carlton, the sand and rolling white water of Salt Creek Beach and Catalina Island. The spacious primary suite occupies the northwest corner of the home, capturing some of the most dramatic views on the property. Three additional bedrooms provide ample space for family and guests, while the versatile loft is ideal as a home office, studio, or retreat. Outside, floating above the Pacific is a large deck, spa and a protected sitting area with a fireplace and also a slope with plenty of room for an orchard.Move in ready or ready for transformation, this one of a kind coastal gem offers the perfect opportunity to enjoy today or fully reimagine this unique setting to be your custom ocean view forever home,with plenty of space for a pool,garden, expandedgarage or whatever else youcan dream up. Monarch Bay Terrace offers one of the best locations in Orange County: Surrounded by five star resorts such as the Waldorf Astoria, Montage and Ritz Carlton, premier golf, world famous beaches, walking and biking trails, the harbor and the downtowns of Dana Point and Laguna Beach, yet only about an hour to both Los Angeles and San Diego and four major airports. Don't miss out on the opportunity for this truly one of a kind property.