NEW REDUCED PRICE! Enjoy panoramic sunset views of the Pacific Ocean, Catalina Island, Newport Harbor and up the coast from this elegant estate home in prestigious neighborhood of Spyglass Hill. Once inside the private gate, an expansive oasis including a pool and spa with waterfalls, barbecue area with seating, and lush palm trees soothe the senses. The stately front door is welcoming with a grand entryway, dramatic staircase, majestic ceilings, and three sets of French doors leading to a back patio with a secondary spa. This five bedroom, five and one half bathroom home features a master en-suite bedroom, secondary en-suite bedroom and den upstairs with two fireplaces and three balconies to capture ocean views and romantic night lights of the city. Downstairs there is a secondary en-suite master bedroom that leads to the back patio with ocean views, two additional bedrooms (one en-suite & with outdoor access), one large hall bath, powder room bath, library, laundry room and a gym/bonus room with a door to the front pool area. The spacious chef's kitchen has appliances such as SubZero, modern wood cabinets, eating bar that opens to the family room which has a fireplace and additional dining area with sunset views. The living room boasts a fireplace & bar and the separate dining room are perfect for entertaining. Elegant estates of this quality with spectacular views always make an excellent investment. This estate is ideal for a multi-generational family to live in comfort!