Absolutely luxury living at its finest with this fully remodeled/renovated ‘single-level custom residence' located within the exclusive beach community of Monarch Bay Terrace in Monarch Beach! This 5 bedroom, 4 bath residence, including a ‘permitted casita', is situated on an incredible 18,600 sq ft elevated corner site with outstanding ocean and city light views! This meticulously maintained custom residence contains a floor plan which is extremely open, spacious, light, and bright! Many of the custom amenities include French Oak hardwood floors, numerous ‘floor to ceiling' windows, central air conditioning, a separate office with direct outdoor access. A gourmet ‘center island' kitchen inclusive of quartz counter tops, Thermador appliances, breakfast bar seating area, 6-burner gas range, dishwasher, microwave, refrigerator and wine storage. Master suite boasts a ‘spa like' bathroom, double vanities, separate tub area with walk in shower, and walk in closet! Other amenities include fire sprinkler system, recessed lighting, surround sound, energy efficient tankless water heater, whole house water filtration system, and NEST controlled heating and cooling system, separate indoor laundry room. The permitted and detached ‘ocean view' Casita is absolutely a plus for this custom home! The rear yard is like that of a resort, containing a salt water pool and spa, "synthetic grass", outdoor shower, fire pit, and a custom wet bar/BBQ area fit for any ‘Grill Master'. Totally finished 2 plus car garage, plus a contiguous area outside the garage to accommodate a golf cart or "perhaps" add on a 3rd bay to the garage. This truly is an entertainer's dream! The elevated corner location provides an incredible element of privacy for the occupants of this home, coupled with a most non-descript appearance that provides an additional element of privacy. All this, just minutes away from The Ritz Carlton, The Waldorf Astoria, the Legendary Salt Creek Beach with surf breaks, and Dana Point Harbor with shops and restaurants, including the Lantern District. Don't miss this outstanding opportunity to own this incredible single level, custom, ocean close home within the exclusive beach community of Monarch Bay Terrace in Monarch Beach!