This classic single-story home is situated perfectly on a favorite street with homes on only one side in just the right position to capture panoramic views of the Pacific Ocean, San Clemente Island, amazing Catalina sunsets and sparkling lights sprinkled on the hills at night. Watch whale spouts, sailboats, ships, and storms moving in off the Pacific from many areas of the home and yard. Built originally in the late 1960's as one of the premier custom homes in Monarch Bay Terrace, it still commands a lovely presence with wonderful curb appeal on a large, mostly flat lot with wide street frontage. It is important to note that this home also boasts the coveted wrap around view offering lovely ocean views from rooms on the side, as well as from the back of the home. There is ample room for outdoor living and entertaining in both of these stunning view areas. The floor plan highlights a magnificent first impression when entering a spacious living room/dining room with vaulted ceilings and an abundance of large windows with astounding ocean views. The family room and kitchen enjoy panoramic ocean views and patio access. There are 4 bedrooms and 4 bathrooms, the primary bedroom having 2 separate en-suite owner's bathrooms. One bedroom and bath are in a separate wing. This home is lovely with its charming Spanish influences or use your imagination to transform it to a rich Santa Barbara, coastal farmhouse, traditional, contemporary or design of your chice. Updating is required, but the potential to develop the ultimate home of your dreams for years to come exists here. Monarch Bay Terrace is a community of primarily custom single story homes located just minutes from the beautiful Dana Point Harbor, fun downtown Dana Point, offering trendy restaurants and shops and spectacular Doheny, Strands, Salt Creek, and Laguna Beach beaches. The Ritz Carlton, Waldorf Astoria and Montage world class hotels are just minutes away. Your new "Vacation Everyday" lifestyle awaits!