Rarely available on the open market, this residential zoned lot is located in the heart of Dana Point's Lantern Village just over half of a mile from the sand. A block in from PCH, this location is walkable to Doheny State Beach, Dana Point Harbor, and the town's evolving food and shopping scene. The $400M Harbor Renovation Project makes this spot a killer investment opportunity. Current conceptual plan includes a 2,000 square foot 3 bed 2 bath main house with an elevator and ocean-view deck, plus an ADU over the 2-car garage. Those plans are available, or you have a blank slate to design your own masterpiece. ADU option with this zoning provides opportunity for private guest space, in-law suite, or additional income. Truly a rare opportunity to purchase land in one of Dana Point's most desirable neighborhoods.