Reduced almost $5 million dollars! This is a rarely offered single story residence on the ocean side of PCH in Irvine Cove; this coast's most exclusive private community. Sweeping ocean, cliff and island views enhance this very private, elevated 10,000+ square foot plus parcel situated at the end of a long cul-de-sac with no neighbor to one side. The light and open contemporary plan of the existing residence can be enhanced, or one can create a new home on this one-of-a-kind parcel (fully approved plans for a stunning and expanded residence are available). The current residence features spacious and open living areas - all in full view of the Pacific Ocean. Perfect for entertaining, the comfortable and modern home includes large living and dining rooms, a study, as well as a spacious kitchen opening to the family room and adjoining pool terrace. The master suite is expansive and includes a sitting area, an office area, as well as spacious bath and dressing accommodations. The suite features blue water views and opens to a private terrace. The pool + spa adjoin an elevated terrace warmed by an outdoor fireplace. Adjacent to a private park with two tennis courts, it is also a block from the most scenic private beach in California.