Located only two blocks from the beach and Pines Park in Dana Point's sought-after Palisades community, this single-level home and its spacious lot represent an outstanding opportunity for investors, builders, and renovation enthusiasts alike. Situated on an expansive lot spanning approximately 5,663 square feet, the property boasts level grounds and a generous backyard adorned with mature shade trees, offering ample space for potential amenities such as a pool, spa, and outdoor kitchen. The residence, characterized by a charming, shingled cottage design, encompasses approximately 982 square feet, comprising two bedrooms and one bathroom. Flooded with natural light through oversized living room windows, the interior offers an inviting and airy ambiance. Enjoy the property as is or elevate it further by adding upgraded finishes and fixtures. With its captivating location, this property presents an exceptional opportunity for investors seeking to capitalize on the high demand for coastal living and current renovation of downtown and the Dana Point Harbor.