Unparalleled ocean views meet incredible value-add potential in this spacious Palisades coastal retreat. This unique property seamlessly blends a contemporary 1985 addition with a classic, charming beach cottage. The expansive upstairs layout boasts soaring vaulted ceilings, walls of glass, and an open staircase that maximizes natural light, leading directly to a massive view deck overlooking the harbor and islands. The modern wing features 3 dedicated ocean-view bedrooms, 2 bathrooms, and a large basement with excellent storage or bonus room potential. The downstairs cottage portion presents a prime opportunity to renovate, customize, and unify the spaces for instant equity growth. The property is completed by a private, park-like backyard filled with mature fruit trees (avocado, orange, persimmon) and tropical flora. Walk to the beach or local school in minutes, with Dana Point Harbor and downtown shopping just moments away.