RARELY does a property come to market that TRULY HAS IT ALL: a great neighborhood, large private parcel, gorgeous grounds, west-facing backyard & a flexible floorplan. Located on a quiet cul-de-sac in THE RANCH, an enclave between Olivenhain & La Costa, this exceptional estate offers PRIVACY, scale & COASTAL ELEGANCE. Set on the "developer's own" PRIME .61 ACRE LOT, it feels like an elevated tropical island with ONLY ONE adjacent neighbor. A private courtyard leads to custom glass entry doors with HANDCRAFTED WALNUT live-edge handles. Inside, nearly 5,000 sq ft of thoughtfully designed space offers STYLE & FLEXIBILITY. The formal living room, currently styled as a spacious dining area, features a WALL OF WINDOWS framing a CASCADING WATERFALL, POOL & PALMS. The formal dining room has been thoughtfully repurposed as a stylish family office. At the HEART OF THE HOME, the inviting family room centers around a STONE FIREPLACE with expansive windows. The ISLAND KITCHEN opens to a breakfast area with French doors to the backyard. A large RECREATION ROOM serves as the ACTIVITY HUB, with space for a pool table, gym, lounge & putting practice. LIVES LIKE A SINGLE STORY with a primary suite & 2 additional bedrooms on the main level. While upstairs there are 2 more bedrooms & a living room with deck, ideal for guests, office, bonus space or MULTIGENERATIONAL LIVING. The primary retreat features French doors to the yard, a SPA-LIKE bath & custom dream closet. The backyard is a PRIVATE RESORT with a dramatic waterfall, freeform pool & spa, outdoor kitchen & lush tropical landscaping and a custom designed outdoor shower. Located in the highly regarded Encinitas School District and just minutes from beaches, shopping, and dining.