Big price Reduction on 2.4 Acres with ACTIVE COASTAL DEVELOPMENT PERMIT and BUILDING PERMIT. Spectacular views up and down the coast from this fully entitled private location, one block off PCH. Tri-level modernist design by Vitus Matare with option for lap pool on top level. Ground has been broken on a 4,662 sq ft home with artists studio and garages at street level. Living and public areas at mid-level. Bedrooms on top floor with amazing views of Santa Monica Bay. Close to the newly constructed Trancas Center and Vintage Grocers. Perfect time for an owner/builder to step in and select features and finishes. This is a wonderful opportunity to build that ocean view home close to all of the necessities of life. UPDATE; Retaining walls are nearly complete. These also comprise part of the foundation