This remarkable home and business is undisputedly located on one of the finest beaches on the Central Coast. Custom built as an ocean view home plus two B&B/motel rooms it now offers a new Owner multiple "VALUE-ADD" options: 1) Remodel with the already-approved plans to convert the house into 5 spectacular ocean view rental units (3 with whitewater views); or 2) Expand the remodel to include an additional 6 units for a total of nine units; or 3) Demolish the existing structures and develop 17 new units. Alternatively, keep the house as-is and rent out with one or both of the existing additional units. Or, use one for family and personal guests or ? The house’s open floor plan captures the ocean views through the large picture windows. The large kitchen has a Chambers gas cook-top and griddle, double oven, butcher block-island with sink, walk-in pantry and a mitered ocean view window. The master suite has two large walk-in closets, floor safe and ocean views. The spa-like master bath has double sinks, separate tub & shower and ample counter space. The approx. 15’ x 25’ bonus room could be used as an art studio/gallery. Private courtyard is great for gardening and pets. There is a fireplace in the living room, home security system, new interior paint, new carpet, newer roof (2008), RV parking and nine parking spaces. All this and just steps from the boardwalk and beach. Apprx. lot size 100x206. Management services available. Seller may consider lease/option for qualified Buyer.