Gracious, beautifully maintained executive home in Wallace Ranch, one of the most sought-after locations on the Palos Verdes Peninsula, is now available to the discerning buyer: light, bright, elegant and classy without being stuffy. CORNER LOT. This is the home where you will enjoy entertaining family and friends inside and outside - with fresh landscaping, a pergola & patio sitting area with ceiling fans and heaters, a custom built-in barbecue & fireplace, Jacuzzi-type hot tub and manicured lawn. MAIN LEVEL: Welcoming double-door entry with a wide, two-story foyer. A formal dining room plus a separate formal living room with a fireplace and door opening to the back yard will make your home the perfect place for celebrating holidays and special occasions. The kitchen and family rooms are where you'll want to gather, with its kitchen island & counter, breakfast nook, wet bar and TV above the fireplace in the family room. Just open the new sliding door in the breakfast nook to enjoy the outside patio and sitting area, BBQ, hot tub and grassy backyard. One full bedroom suite is on the main floor. The laundry room with plenty of storage, is conveniently located at the entry to the garage. UPSTAIRS: A graceful, curved staircase with pretty windows off the foyer leads to the upper level. Double doors open to the luxurious and spacious upstairs master suite, with a fireplace, wet bar, serene sitting area with a little balcony, two separate vanity areas, separate tub and shower, two separate private toilet areas, plus walk-in-closets. A large, light and bright hallway leads to the other three upstairs bedrooms. Two of the bedrooms share a Jack & Jill bathroom, the other bedroom is ensuite with its own balcony, walk-in closet and full bathroom. Recent upgrades include new landscaping, hardscape & irrigation system, fresh paint, new drapes, blinds and shutters, new garage floor, two new Renewal by Anderson sliding doors, new fireplace logs & screen, new security system with cameras, new washer, dryer and refrigerator. This neighborhood is truly a convenient top of the hill location as it is close to great schools, parks and shopping. Come see this gorgeous turnkey home while you can.