Offered for the first time, this oceanfront property is located within the private, gated community of Monarch Bay. This site was, in fact, the first property selected here nearly 60 years ago. The original owner is now electing to part with the treasured seaside property which has for decades served as a family retreat. The generously sized parcel of approximately .4 acres includes an expansive ocean view lawn and garden, as well as private sandy overlook known as "the beach". The promontory location is exceptionally private and includes over 82 linear feet of ocean frontage set above the emerald and aqua waters of the cove below. The ocean, coastline, and sunset vistas are unrivalled. The impeccably-kept single story residence is a timeless, mid-century design. Centrally located on the parcel, the post and beam residence surrounds a light-filled garden courtyard. Floor-to-ceiling walls of glass perfectly frame a dazzling panorama of ocean views. Modest, yet eminently comfortable, the unadulterated home is ideally suited for modernization. Monarch Bay residents enjoy use of their private oceanfront club on the sand (the only one of its kind in Orange County), which makes the beach experience here unsurpassed. This is truly a once-in-a-lifetime offering. HOA is $2430/year, paid quarterly. Monarch Bay Beach Club is $20/month. $500 annual legal assessment fee. The buyout price for land in June 2020 is $5,770,000. Seller's choice of services.