A Property with Purpose — and Potential Whether you choose to: * Create a private, multi-generational family compound overlooking the sea * Continue its legacy as a charming bed & breakfast and beloved event venue * Develop portions of the estate in one of California’s most coveted coastal enclaves …no matter the path, The Monarch Cove is ready to become something extraordinary. The estate’s versatility ensures that your dreams — be it a tranquil family haven or a savvy investment in a prime location — can all be realized here.