Two homes in one! Tucked away on a quiet cul-de-sac in San Pedro's desirable Miraleste Pines neighborhood, 1911 El Rey Road offers a rare combination of space, versatility, and waterfront views. With five bedrooms, four bathrooms, and approximately 3,267 square feet of living space across two distinct levels, this property can function as one expansive residence or two independent living spaces, each with its own entrance, full kitchen, and gathering areas. The configuration is especially appealing for multigenerational living, extended guests, or those looking to occupy one level while exploring the potential for rental income from the other. The upper level features hardwood floors, vaulted ceilings, crown molding, and an abundance of natural light. An expansive living area centers around a gas fireplace and opens through sliding glass doors to a balcony with views of the surrounding neighborhood and waterfront. The full kitchen features granite countertops, rich wood cabinetry, and stainless steel appliances. Two generously sized bedroom suites each offer private bathrooms and walk-in closets. The primary suite is particularly impressive, featuring vaulted ceilings, a second gas fireplace, two walk-in closets, a bathroom with a jetted soaking tub, and French doors opening to a private balcony. Downstairs, an equally versatile living space offers three additional bedrooms, including one currently used as a flex space, a full kitchen, and comfortable gathering areas with updated flooring and a fresh, contemporary palette. Additional features include a gas fireplace, vaulted ceilings, French doors, a jetted tub, and direct access to the oversized two-car garage. The property also offers a carport, RV parking, a separate tool shed, and Tesla solar panels. An orange tree adds a touch of Southern California charm, while numerous windows throughout both levels welcome natural light. Two upper-level balconies provide inviting places to enjoy the views and coastal breezes. Whether enjoyed as one spacious home, arranged for multigenerational living, or configured to take advantage of its potential for supplemental rental income, 1911 El Rey Road offers a level of flexibility seldom found in a single-family residence. All of this in Miraleste Pines, with convenient access to the Palos Verdes Peninsula, San Pedro's waterfront, local parks, shopping, and dining. Some photos have been digitally staged.