Incredible opportunity to build a beautiful custom home with spectacular ocean and mountain views. Located on a private gated street in the prestigious Summit enclave in the coastal area of the Palisades Highlands. The original home was 2,952 sq.ft. interior with four bedrooms and four bathrooms. Phase 1 EPA remediation and Phase 2 debris removal by the Army Corps of Engineers have been completed the lot is ready for a fresh start. Residents of the Summit community enjoy exclusive access to the Summit Club featuring a resort feel surrounded by amazing mountain and canyon views. Some of the club amenities feature a vacation like pool area, tennis courts, multi-purpose room, children's playground, basketball court and fitness center. There is a scenic private park (PDRA) with gated access that features off leash dog park hours, a large grassy field, trails, children's playground and more. This community is managed by HOA and CC&R's rules. Dues are $805.00 per month and $90.00 every quarter for the private gated park PDRA/Palisades Drive Recreation Association. You're minutes away from endless outdoor activities such as hiking and mountain bike trails and spectacular beaches. The highly anticipated opening of the amazing Caruso Palisades Village is slated to open in August 2026, which will offer wonderful shopping and excellent restaurants.