This unique home offers ocean and hills views, privacy and room to expand on an estate size property in the desirable ocean-close Monarch Bay Terrace community. There are views of the Pacific, Catalina Island, San Clemente Island, the Ritz Carlton and nearby beach, valleys, city lights and coastal mountains from various areas of the home. A long driveway leads to a charming waterfall and tropical pond surrounded by colorful flowers, welcoming guests to the front entrance of the home. It is one of the few two story homes in the community and boasts a large master suite upstairs with two private balconies, affording views from sunrise to sunset of the hills and ocean, a walk in closet, and sitting room with a fireplace. On quiet nights with windows open, one can hear the waves crashing. The main floor with 3 additional bedrooms, offers nice flow and ocean views from several rooms, including the kitchen which has a walk in pantry. Some of the upgrades include granite counter tops, hardwood floors, dual paned windows, and a replaced roof. The saltwater pool, deck and wrap around yard are great for entertaining. A 3 car garage and extra off street parking are an extra bonus. If a main floor master is needed, there is room downstairs for modification. The home shows well and also offers opportunity for change if needed to make it someone's ultimate dream estate. It is perfectly located near beaches, harbor and all the fun that the villages of Laguna Beach and Dana Point offer.