***REDUCED*** Fabulous 180 degree Catalina Island and ocean views from this very private gated estate situated on nearly 39,000 sf and surrounded with 20 acres of canyons, hills and panoramic views. This 5 bedroom, 5 bath custom home includes a 5 car garage with workshop and parking for 10 cars. Property is set back from the road by a 100 foot driveway offering additional parking. The grounds have been landscaped and terraced and include a covered BBQ area for entertaining, t.v., spa and an outdoor fireplace. The home offers 4,000 sf of decking to enjoy the views surrounding this one-of-a kind estate. There are 2 Master suites in the main house. In addition, the home also has an attached 1 bedroom, 1 bath apartment and a separate maids /mother-in-law unit. Walk to Laguna Beach shops, restaurants and beaches. (***NOTE***Seller will carry paper for qualified buyers. Seller will also consider a trade for income property or a trade for vacation home in tropical location - Costa Rica / Hawaii)