This 180-degree panoramic ocean view private estate sits on the canyon at the end of guard-gated Palmilla on a pool-sized lot with only one neighbor. The majestic palms gracing the front lawn hint at the grand two-story entry and dramatic staircase. This custom home maximizes natural light and sit-down ocean views through its vaulted ceilings and plentiful picture windows and sliders, as well as its great room layout that includes the kitchen, family room, eating area and wet bar. The kitchen includes an oversized island with a 5-burner stove and prep sink, an abundance of counter space, and an extra workstation. The family room has a fireplace with a mosaic-stone hearth, surround sound, and recessed lighting. Downstairs also has a formal living room with a custom fireplace and Tuscan columns, a formal dining room with tray ceiling and custom built-in cabinetry, and a full bedroom and bath. Upstairs, the en suite master includes a separate sitting area with two-way fireplace, multiple walk-in closets, wet bar, and the most expansive ocean views in the home. The master living space continues outside with the 500+ square foot balcony that offers spectacular ocean, canyon, and sunset views. There are three additional large bedrooms and two additional full bathrooms upstairs. Adjacent to the Aliso Summit Hiking Trail, this home is less than 10 minutes to the beach, the Ritz, and the Monarch Beach Golf Links, and is zoned for top-rated schools.