This beautiful executive home is located in one of the most desirable communities - Wallace Ranch, which is centrally located and close to schools, shopping and parks on the beautiful PV Peninsula. This bright and airy estate is constantly updated and maintained, including new interior paint, new plush carpet & wood flooring, newer electrical panel and tankless water heater, newer dual zoned HVACs & air ducts as well as newer interior water pipes (detail list in Supplements). It also boasts a luxury and functional floorplan that will please the most selective buyers. Upon entry is a foyer with sweeping staircase and soaring ceilings. ON THE MAIN LEVEL, the spacious Living Room has a fireplace and French doors opening to the covered porch & backyard. The Formal Dining Room has large picture windows to take in the view from the greenery outside. It is adjacent to the Gourmet Kitchen, which has a large center island with breakfast bar, double dishwashers, 3 ovens + microwave, and a beautiful breakfast nook. There is also a large Family Room with a fireplace and wet bar, and door that opens to the grassy backyard. The Bedroom En-Suite with a Full Bathroom on this main level can be used as a private guest or in-laws quarter. In addition, there is a Powder Room that opens to a cute Bonus Room, which is perfect for a work area, gym, craft room, playroom or any creative use your heart desires. A large Laundry Room is also readily available with a sink and plenty of storage cabinets. ON THE UPPER LEVEL is a LUXURY PRIMARY SUITE that has a very spacious sitting area and a cozy fireplace for your ultimate relaxation. Its huge Primary Bathroom has 2 separate vanity and toilet areas and share a soaking bathtub and shower. Both have door that leads to the large walk-in closet. There is an additional Bedroom En-Suite with a large balcony, walk in closet, extra closet area and bathroom with double sink and separate tub & shower. Meanwhile, 2 other good size BEDROOMS share a Jack and Jill Bathroom with double sink vanity and a privacy door for the bath & toilet area. Don't miss a great opportunity to own this charming estate on the sought-after PV Peninsula with great school system and all the outdoor activities this community has to offer.