Very rare opportunity located in the Heart of Lantern District. Very close to shops and restaurants, beautiful downtown Lantern District and Dana Point Harbor. This lovely 3 bedroom, 3 bath single family residence has so much potential. From the family room and bedroom, you can see coastline views down to San Clemente. The top level has two bedrooms with large family room with wood burning fireplace. The family room opens to the oversized covered deck where you can enjoy blue water ocean views. The kitchen is quite spacious with its own eating area and more blue water views from the kitchen sink. The lower level has one bedroom and two baths and kitchen area, laundry area and large family room with brick wood burning fireplace. This home may be a perfect fit to transform into two separate units with city approval. All bedrooms are larger in size and have ample closet space. The possibilities are endless. The two car garage is spacious with built in cabinets and also has a full two car drive way. This home is a must see and true gem.