Price reduced over $500,000! Welcome to the epitome of dream coastal living in Encinitas! This breathtaking 5 bedroom home has an ethereal energy with a bright & airy layout & flow, thoughtfully designed for both luxurious comfort & seamless indoor-outdoor living. Stunning ocean views from the rooftop deck & multiple areas upstairs, including the primary suite. With its pitched metal roof & terrace railings, this home incorporates vibrant Colonial Caribbean architectural elements all around the exterior & lives as a remarkable beach villa.  2 bedrooms (each with an en suite, full bathroom) are located on opposite ends of the ground floor, with one having its own connected living area & patio, making this home ideal for guests, multigenerational living, or separate office or studio spaces. The gourmet kitchen features a 6-burner Blue Star stove with a Kobe hood, an oversized center island with a prep sink, a walk-in pantry, & ample cabinetry. The kitchen flows effortlessly into the expansive great room, with a brand new fireplace tile surround & mantle, high ceilings sitting above several windows, & large sliding glass doors that disappear to provide unobstructed views & the most graceful invitation to the beautifully designed backyard oasis. The large upstairs primary suite retreat features partial ocean views, 2 private balconies, a walk-in closet, & an en-suite bathroom with a spacious shower. 2 other bedrooms are upstairs, including one that offers ribbon ocean views, & another with its own full bath. The upstairs loft/bonus room is an unexpected extra in this home that provides a myriad of uses, including an extra family room or an additional office space. All brand new carpet, interior paint, & exquisite fixtures throughout this home. Convenient upstairs laundry. The entertainer's backyard was artfully designed as both an exhibit of elegant features & a low-maintenance area for enjoyment & relaxation. The fully equipped outdoor kitchen includes a built-in BBQ, mini fridge, & ice maker. Cozy up on either side of the high-top dining area with a fire pit centerpiece, or enjoy the waterfall feature with an additional fire feature. Stay warm year-round with 5 removable gas space heaters or the in-ground fire pit, all of which have gas plumbed under the concrete to their exact spot. With 2 outdoor showers in the backyard & the jacuzzi with a fresh water circulation system, this home is also every surfer's delight. There's even a full bathroom conveniently located inside the building off the jacuzzi. Close to top-rated schools (& a short walk to Ocean Knoll Elementary), dining, beaches, & more! No HOA or Mello Roos!