Imagine waking to the sound of waves, light filtering through century-old windows, and loved ones gathering where monarch butterflies return each fall. The Monarch Cove is more than a propertyits a once-in-a-generation opportunity to create a legacy estate overlooking Monterey Bay. Tucked above the bluff in the coastal village of Capitola, this historic compound offers three distinct parcels sold together as one breathtaking estate. The Victorian Estate: A 4,000 sq. ft. 9-room Victorian home on a 23,653 sq. ft. lot with panoramic ocean views and timeless architecture. Ideal as a grand main residence, boutique inn, or exclusive retreat. Carriage House Cottage: An 800 sq. ft., 2-bedroom guest house on a 20,430 sq. ft. lot with expansion potential up to approx. 2,500 sq. ft. Holiday House Parcel: 17,903 sq. ft. with two 4-car garages, a 400 sq. ft. cottage, office with conference room, kitchen, utility room, and potential future access from Escalona Dr. Could support up to 3 more residences (buyer to verify). Whether you envision a private family haven, a luxury inn, or further development, The Monarch Cove is a rare offering full of soul, history, and potential.