Located in the heart of Lantern District, one of the rarest properties to come on the market in several years. Checking all the boxes with panoramic ocean views, main-floor master bedroom and private pool and spa, this home is a must see. With over 3100 square feet of living space, this stunning 3 bedroom, 2.5 bath beach home will overwhelm you with its beauty, natural light and refreshing coastal breezes. The home is very private, nestled on a 6000 square foot street-to-street lot which is very rare for the Lantern District. Soaring ceilings in the oversized dining room which leads to the very spacious kitchen with ample counter space, recently remodeled cabinets with a tremendous amount of storage and sit-down counter tops with seating. The upstairs includes a very large family room with cozy fireplace and with tall ceilings, enjoy floor-to-ceiling windows with incredible sit-down panoramic white-water ocean views. On a clear day you can see all the way down the coast to La Jolla. The family room and kitchen lead out to the oversized backyard deck perfect for entertaining and more sit-down panoramic ocean views. Master bedroom is spacious with plantation shutters and large walk-in closet and a master bath with tub and larger walk-in shower giving you a resort like feel. The secondary bedroom on the main floor is also very spacious with an oversized semi walk in closet. The downstairs includes an additional large family room, bonus room, workshop, large bedroom with French doors with recently remodeled full bath, kitchenette and laundry. The lower level leads out to the backyard with recently renovated lush landscape with Trex decking. The large patio area in the backyard adds the perfect amount of shade and seating which overlooks the very private in-ground pool and spa which is also very rare to have in the Lantern District. The home has a tankless water heater and central heat and A/C. Valencia Place is one of the most private and sought after streets in the Lantern District and is in close proximity to the shops, restaurants and Dana Point's harbor and beautiful beaches.