Sweeping ocean views as well as mountain views grace this large 9,975 sq ft lot in the prestigious Summit neighborhood of the Palisades Highlands. This is a rare ocean view land opportunity in one of the most sought-after enclaves above the coastline. The lot is perfectly positioned on a wide street and enjoys breathtaking panoramic ocean views from Palos Verdes to Catalina and the Channel Islands. The property offers a unique opportunity to build a custom home with stunning vistas from both the main and upper levels in a serene setting close to the beach, the village, and recreation activities. Hiking trails in the Santa Monica Mountains are steps away, and Summit Club membership offers resort-like amenities including a pool and spa, a fitness center, tennis, pickleball, and basketball courts, a playground, and a dog park, all within a private, well-maintained setting. The previous residence measured 5,040 sq ft, allowing for a new build of up to approximately 5,544 sq ft under an expedited process. The lot is cleared and ready for development. Enjoy year-round sunshine above the marine layer, with magnificent sunsets each night. A compelling opportunity to create a custom home framed by expansive Pacific Ocean and mountain views.