AN “EXCEPTIONAL & RARE” MONARCH BAY OPPORTUNITY!! FIRST TIME OFFERED IN 52 YEARS! An extraordinary opportunity to own a single-level custom residence in the prestigious, guard-gated coastal community of Monarch Bay, Dana Point. Set on an approx. 14,300 sqft site, this approx. 3700-sqft residence represents a rare offering in one of So Cal’s most coveted “oceanfront communities.” This special property combines timeless character, meticulous care, curb appeal & ocean views that include Catalina Island. Whether envisioned as a foundation for a new custom estate or an opportunity to remodel & modernize an existing residence, the possibilities are endless. The thoughtfuly designed single-level floor plan features 4 bedrooms & 4 full bathrooms with inviting living spaces capturing the beauty of a coastal setting. The elegant living room with ocean views features a fireplace, complemented by a formal dining room & hardwood flooring. The spacious kitchen offers vaulted ceilings, skylight, breakfast nook & charming adjoining sitting area or office. The spacious family room features a 2nd fireplace, hardwood floors, & convenient access to both the rear yard & private courtyard patio. The Primary suite offers a spacious walk-in closet, an additional closet, 3rd fireplace, & well-appointed bathroom with a separate soaking tub, walk-in shower, & dual vanities. The suite also enjoys access to a private courtyard. A separate laundry room is also included. This expansive 14,300-sqft property offers an oversized parking apron with room for 5-6 vehicles & a gracious rear yard with potential for a resort-style swimming pool, ADU (subject to approvals), outdoor kitchen, or entertaining spaces. Adding to the appeal, Monarch Bay offers the rare advantage of no HOA dues & no Mello-Roos! Residents of Monarch Bay enjoy the exclusive membership to the Monarch Bay Beach Club, which is included, offering ocean front dining & indoor/outdoor bar area, firepits, towel, chair & umbrella service, as well as the additional community amenities with tennis & pickleball courts, a sport court, and a park with a playset. Outstanding proximity to the Ritz-Carlton & the Waldorf Astoria Resorts & the famed surfing breaks of “Salt Creek Beach”. Minutes away to the Dana Point Harbor, with its “revitalization”. A truly rare opportunity to secure a substantial homesite, ocean views, & a legacy property in Monarch Bay, with the freedom to create your own vision.