THIS STUNNING, EXCEPTIONALLY VERSATILE HOME IS UNIQUELY SUITABLE FOR MULTIGENERATIONAL OR SINGLE FAMILY LIVING WITH AN INCOME PRODUCING SEPARATE APARTMENT. Nestled in the coveted Sunset Palisades of Shell Beach, this Spanish-style villa offers 5 bedrooms, 4 baths, and 3,220 sq ft of luxurious living space with breathtaking panoramic ocean views. The lower level features a private entrance, up to 2 bedrooms, 2 baths, a full kitchen, dining and living areas, plus a spacious yard and ocean-view patio—ideal for guests, extended family, or rental income.? Set back from the street behind lush landscaping and a serene olive tree seating area, the home is accessed through a decorative wrought-iron gate into a private courtyard. A custom arched front door opens to the great room, showcasing vaulted, beamed ceilings, engineered wood floors, tall solid-core doors, a fireplace, and sliding glass doors leading to a view deck—perfect for enjoying coastal sunsets.? The dining area and kitchen continue the Spanish theme with a center island, custom arched backsplash, self-closing cabinetry, and a dedicated cupboard for electricals. The main level offers the ease of single-level living with a stunning ocean-view primary suite featuring a fireplace, walk-in closet, and a luxurious bath with soaking tub and separate shower. Two additional bedrooms (one with its own private deck), a full bath, large laundry room, and an oversized 2-car garage with built-in storage and work area complete the main floor.? Downstairs, additional living space includes a laundry/pantry area and a semi-finished basement with ample storage. Outdoor living is exceptional with multiple patios, decks, and view-filled spaces for entertaining or quiet reflection.? Nearly $600K in recent upgrades include owned solar, automated shades in both primary suites, and professional landscaping. Ideally located within a 5-minute walk to the Bluffs and trail to Pirate’s Cove, with Shell Beach Steps and Ontario Ridge hiking nearby. Whether a luxury retreat, second home, or full-time residence, this is coastal living at its finest.