This one-of-a-kind Spanish Revival Estate is nestled in a secluded part of La Playa, perched atop the hills overlooking the San Diego Bay, Downtown, the channel, the harbor, Mexico and beyond. The panoramic view this home affords are ever-changing with the tides, providing an active, mesmerizing view of ships, sailboats, and more, all with the security of never being obstructed. This 1928 masterpiece has been well-preserved with exquisite architectural details throughout including original hand-carved doors from Central America and unique wrought iron gates and hardware hard to come by in today’s world. Sitting on an acre of beautifully landscaped and terraced grounds, the property also includes a newly-refinished tennis court with all new LED lights, lily and koi pond, flowing Spanish fountains and several sitting and patio areas, each offering a different opportunity to absorb the breathtaking surroundings. In addition to the main home, there is also a studio apartment above the two-car garage which offers a unique opportunity for hosting guests or for renting. Located less than a half a mile to the beach and local to Southwestern Yacht Club and San Diego Yacht Club, this home compliments the La Playa lifestyle. With just three owners in its history, the next owners will be fortunate enough to capture the intangible force of living in such a distinctive environment, amidst such beauty and rare charm. Discover this once in a lifetime location, property, lot and view at 408 La Crescentia. See supplemental remarks section for more details. Upon entering this magnificent home, the grand foyer leads to the formal dining room and living room complete with majestic views to the bay and ocean. The living room features original hewn beamed ceiling and hand-planked, hardwood floors, grand wood-carved chandelier custom built in Mexico, large fireplace and large windows framing views that are second-to-none of the garden, bay, ocean and Mexico. The dining room faces west with a dramatic back drop of lush landscape and mature trees. Access to the charming patio with custom awning is achieved from both the living and dining room. The first level also offers a butler's pantry, large breakfast room, kitchen, den and laundry room. The Spanish grilled stairway leads to two master suites and a three-room suite ideal for a growing family. Off the main master is a solarium with dazzling 360 degree views perfect for an office, sitting area, library or meditation room. The concrete basement, which originally served as a wine cellar, features two brand new furnaces, new water heater, sump pump, while also providing ample storage space.