A rare opportunity to own a corner-unit, single-level 2-bedroom, 2-bath condo in the gated Monarch Hills community of Dana Point, one of the few communities that legally allows short-term rentals. This beautifully remodeled home has been thoughtfully updated throughout and is truly turnkey. Recent improvements include a full repipe, wood laminate flooring, an updated kitchen and bathrooms, and plantation shutters, creating a light, clean, and modern coastal feel. The corner location and single-level layout offer added privacy, convenience, and easy living. The property is fully permitted by the City of Dana Point, and the Monarch Hills HOA specifically allows weekly rentals under its CC&Rs—making this an exceptional opportunity for investors, second-home buyers, or those seeking a flexible live-and-rent lifestyle. The condo can come fully furnished, allowing for immediate rental use, or unfurnished for personal occupancy—or a combination of both. Whether you’re looking to enjoy the home part of the year while generating rental income the rest of the time, or secure a strong-performing coastal investment, this property offers outstanding versatility. Ideally located just minutes from world-class beaches, top dining, and vibrant coastal attractions in Dana Point, Laguna Beach, and San Juan Capistrano, this is coastal living and investment potential combined—rare, compliant, and highly desirable.