Situated on a premier view lot in prestigious Monarch Bay Terrace, offering sweeping coastline, ocean and Catalina Island views. The property has just received Dana Point Planning Commission approval to build a cutting edge custom home measuring at 6,597 SqFt, matching the listed renderings. Once built, the new contemporary home with shades of mid century design will be the top of the class in Monarch Bay Terrace, spanning over 2 levels both fully daylighting to panoramic views of the Pacific Ocean. Starting from the dramatic entrance across a suspended bridge over the subterranean courtyard, you enter upon a large scale open floor plan with walls of glass and lofty ceilings, which encompass the expansive living and dining area and kitchen. The Entire south wing of the main level is a true primary suite with extensive ocean views both West and South. Downstairs are 3 more large bedrooms, all ensuite, with a large central living room. All rooms open to the outdoors either on the large yard facing the jetliner ocean views, or the lush interior courtyard.This floor plan flows freely to a fabulous rear yard offering over 2,000 sqft of outdoor living space focused around a modern spa and baja shelf. Currently sitting upon the incredible lot is a 3-bedroom 3 bath home, sitting on a 21,000+ square foot lot, which is a generous 103' wide, with the flat usable/buildable portion measuring at approx 10,000 SqFt. This is truly a one of a kind opportunity to remodel or build your dream home. A coveted location close to award-winning resorts, renowned beaches, incredible shopping, and only minutes from the Dana Point Harbor and Laguna Beach!

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