A premium location with a rich history makes this hilltop property in Cowan Heights truly unique. Resting high above Newport Blvd., this home offers unbeatable views of the city lights from L.A. to the snow-capped local mountains, to Newport Beach, Catalina and beyond. Breathtaking sunsets are abundant and striking from this location. The property rests on 1.2 acres of usable land and can be subdivided into two parcels if desired. With 22 acres of donated land (County of Orange) resting below, this property will NEVER have obstructed views, allowing for both privacy and serenity in an exclusive location. This estate has never been listed before and was owned by one of the original developers of the North Tustin/Cowan Heights area, the Cowan family. The current single level home is 4800 square feet featuring seven bedrooms and five and a half baths with an in-ground geometric-style pool. This home has endless potential, or again, the land could be an investment and divided into two half-acre lots, with all necessary utilities already in place to further develop the property. The exclusive and highly sought-after area is equestrian friendly, with hiking and biking trails adjacent to the property. Excellent and award-winning schools (Arroyo, Hewes, and Foothill High), shopping, restaurants, and activities are conveniently located nearby, with world class beaches just a few miles away. The property is centrally located within minutes of the 22/55/5 Freeways and toll roads.