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 boasts a luxury and functional floorplan that will please the most selective buyers. Upon entry is a foyer with sweeping staircase and soaring ceilings. The spacious Living Room has two-story ceiling and a fireplace, with French doors opening to the covered porch & backyard. The Formal Dining Room has bay windows to take in the view from the greens 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. It opens to the large Family Room with a fireplace and wet bar, with door opens to the grassy backyard. The Bedroom En-Suite with a Full Bathroom on this main floor 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 MASTER SUITE that has a very spacious sitting area and a cozy fireplace for your ultimate relaxation. Its huge Master 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 walk in closet and extra closet area as well as 2 other good size BEDROOMS, which 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.