PRIVATE GUARD GATED OCEANFRONT COMMUNITY. LAND BUYOUT OPTION* 5000+ square feet on an over 1/3 flat acre cul-de-sac lot. Plenty of room for pool and more. Gated entry. Offering 4 bedrooms and 6 baths, this spacious home offers plenty of space and privacy. The entry core features a 50'x30' Great Room. There are 4 interior fireplaces, high open beam ceilings and wood floors and new roof. The large patio and garden area features another fireplace for outdoor comfort. A chef's kitchen offers 2 stainless sinks, 2 built-in ovens, 2 dishwashers, new range and granite counters. A large family room, office and separate workshop complete the home. As resident,the exclusive Monarch Bay Club membership(operated by the St.Regis Hotel and Spa)is only $10 per month. SEVERAL HOMES IN MONARCH BAY ARE NOW ON FEE LAND. Owners of remaining leaseholds will have the opportunity to purchase their land in 2020 or sooner as provided by the early buyout agreement.