Welcome to 32661 Caribbean Drive, a distinctive, custom-built contemporary residence that exemplifies elegant coastal living in the prestigious Monarch Bay Terrace in Dana Point. Thoughtfully designed with integrity and sophistication, this single-level home sets on a sprawling 18,709 sqft lot on a serene, single-loaded street. Lush, professional landscaping surrounds the house, highlighted by a private swimming pool, spa, and tranquil waterfalls that create multiple outdoor living areas. Step through grand, solid mahogany double entry doors into an elegant foyer with soaring ceilings. From this moment, you are greeted by sweeping, ocean views and stunning vistas of Catalina and San Clemente Islands. The amazing open-concept design seamlessly connects the main living spaces, enhanced by multiple sets of 16-foot-wide solid mahogany disappearing sliding doors. These doors open to a covered patio and the lush backyard, allowing amazing daylight to pour into the living and dining rooms, and the exceptional chef's kitchen featuring a 12-foot imported natural stone island, top-of-the-line appliances, double pantry, skylight, and extensive custom cabinetry. Imported limestone flooring flows throughout the main living areas, adding timeless beauty and warmth. A large set of French doors leads to a private interior courtyard, an entertainer's dream, with a resort-style pool, waterfalls, a built-in BBQ, and mature landscaping. Adjacent family/theater room includes custom built-ins and dual French doors opening to front courtyard. The luxurious primary suite is a private retreat, featuring wide mahogany sliding doors opening to the backyard, a cozy fireplace, bamboo wood flooring, and an expansive custom walk-through closet. The spa-inspired primary bath includes dual vanities, limestone heated flooring, a soaking tub, a skylight, and an oversized shower with triple shower heads. Two spacious guest suites, each with French doors open to the front courtyard, offer great privacy for family and friends. Additional highlights include superior craftsmanship throughout, the whole-house lighting and sound controls, and integrated smart controls for the pool, spa, and fountains. This extraordinary home is ideally located near pristine beaches within a short drive to world-renowned resorts, including the Montage, Ritz-Carlton, and Waldorf Astoria, as well as the vibrant communities of Laguna Beach and Dana Point Harbor, known for dining, water sports, and coastal adventures.