Set on nearly an acre in a prime coastal location, this Mediterranean-style home offers a rare blend of charm, ocean views, and investment upside. With panoramic vistas of the sea, canyons, and mountains, the property is ideal for value-driven buyers looking to build equity through upgrades, rental income, or multigenerational living. The upper level features Saltillo tile, kitchen with breakfast bar, formal dining, and an expansive balcony perfect for indoor-outdoor entertaining. The primary suite includes a fireplace, window seat, walk-in closet, and a jacuzzi tub overlooking the mountains. A ship-inspired crows nest above a nautical bridge adds unique creative or office space. The lower level includes a private two-room guest suite with its own entrance and full bath ideal for ADU-style income, in-laws, or visitors. Two more bedrooms, a full bath, wet bar, and large living room offer flexible use. A custom cabinet-lined hallway leads to a serene canyon-view patio. A 3-car garage, workshop, and generous storage support future renovation. Originally rebuilt in 1987, this Rio del Mar home is ready for a refresh. Just minutes from Hwy 1, beaches, and shops a strong opportunity to invest in the coast and make it your own.