Property has been RED TAGGED and is LAND VALUE. Situated in the highly coveted Peninsula beach community of gorgeous Alamitos Bay, this incredible waterfront estate affords breathtaking panoramic ocean & bay views from every level of this spectacular residence. Offering 4 bedrooms & 6 baths in 4880 sq ft of luxuriously sublime living space spanning 4 levels, this home boasts unparalleled sunset vistas, incomparable quality of craftsmanship, and amazing architectural details that rival no other. The upper most level is the main living space, featuring a fantastic Chef’s kitchen with a massive granite island, lovely windows & skylights, a hidden pantry with abundant storage & a 1000 bottle wine cellar adjacent to a secluded back deck with grill, sumptuous handmade Moroccan tile & beautiful Bay views. The kitchen opens to a breakfast bar & spacious dining area overlooking the living room with handsome maple flooring, soaring ceilings, stacked stone fireplace and views that last forever. A magnificent primary retreat encompasses the entire middle level of the property & includes beautiful travertine flooring flowing throughout a designated bedroom space with seating area, inviting fireplace for cozy nights, an unbelievable spa like bath with dual vanities, soaking tub, huge shower, walk in closet, full sized laundry room, a private sauna, kitchenette, and flex space that would make a wonderful office, nursery or workout room. The main level features 3 generous bedrooms, one en suite, the others share an upgraded full bathroom alongside an additional living room with fireplace, banquet dining area & fabulous full kitchen; perfect for multi-generational living or potential to rent separately if desired. There is a 3-car garage with tons of storage hidden behind a private gate that allows space for 4 additional off-street parking and alternatively serves as a private off beach place to entertain guests with a seating area & outdoor shower. More phenomenal features include a full-size elevator that travels to all four levels, paid-off solar panels with 3 power battery back-ups, central heat & air conditioning, and a few other features you’ll just have to see for yourself! This home truly has it all. If you are looking for a spectacular oceanfront property with flexibility for multi-generational living, live-rent options, or simply staying in your dream home forever, look no further than this special property.