A rare penthouse dwelling within the prestigious oceanfront Casa de Marca, this historic Spanish revival retreat sets the epitome of dreamy coastal living. A very special offering with a public park & the serene CA State Park at State Beach just to the south (both never to be developed), this particular unit offers an incredible living experience unlike any other in the building. A stellar location bar none: top-floor, end-unit spanning street-to-oceanfront with preserved & unobstructed coastline & ocean views from almost every major room within - a truly inimitable characteristic. Sited on a massive oceanfront double lot with sprawling grassy grounds, inside is like a vacation year-round. Whitewater & surfers riding waves just below, Pelicans soaring right by, a crisp emerald horizon, ever-changing sunsets, and preserved coastline rolling toward the world-class surf beyond at Cotton Point, all framed by historic features of the original 1930s estate. This setting evokes a feeling of being somewhere along the Mediterranean coast. Inside, coastal-ocean views immediately steal the show with several divided lite windows & large picture windows out to the emerald ocean. Rustic beamed-ceilings & an arched Spanish-tiled fireplace anchor the main living room. Step out onto the covered lanai overlooking the Pacific to the most beautiful & relaxing setting, very private, elevated high above overlooking the beach below. Featuring rustic wood counter tops with bar seating, stainless appliances, Spanish tile accents & cabinetry, the updated kitchen is wide open to the living room creating one open, cozy ocean-filled living space. Views are the common theme throughout. The massive primary suite sits out on its own peninsula with windows on both sides, very unique to this unit. The secondary guest bedroom (twin beds) sits along this south wall & functions almost as its own suite. An additional office/third bedroom/flex room spills out to the front mezzanine. Common areas: Secured parking (2) & owner’s storage, bluff-front spa, romantic grounds, recently-improved courtyard & paver walkways, secret turret, all securely gated, perfect for the full-time or part-time owner. For those seeking a laidback, beachy lifestyle on the ocean easily-accessible to sandy beaches just below, a 2.5 mile beach trail to trendy restaurants & cafes, world class surfing nearby, great neighbors & congenial ownership with a well-managed HOA, this is the dream opportunity!