Fantastic investment opportunity awaits in The Peninsula, an exclusive gated community nestled within the Palisades Highlands. This stunning tri-level contemporary home boasts a well-designed floor plan flooded with natural light and captivating views. Step into an elegant entryway that guides you to the main level featuring a living room with lofty ceilings and expansive windows, a formal dining room, a spacious breakfast room, a family room, and a kitchen with a center island, granite countertops, and built-in appliances.Ascend to the upper level, where a luxurious primary suite awaits with a walk-in closet and breathtaking views of the ocean and mountains. Additional bedrooms and an office/den complete this level. The lower level offers a generously sized bedroom with large windows, a multipurpose room, a convenient laundry room, and a 4-car garage.Escape to the peaceful backyard, a true California living oasis. Enjoy the benefits of The Peninsula's HOA amenities, including community access and the multi-acre Summit club with a pool, spa, gym, tennis courts, playground, and recreational facilities. Additionally, revel in the gated park featuring a children's playground and designated "off-leash" dog hours.Please note that the property is currently under lease for the next three years; for further details, kindly reach out to the listing agent. Take advantage of this unique opportunity! HOA dues include $295/month for The Peninsula, $380/month for the Summit, and $90/quarterly for PDRA (park).