LuxuriousOceanfront Oasis on Departure Bay! Perched in a prominent position onStephenson Point you'll find this rare .39 acre south-facing walk-onoceanfront property hosting a 4261 sqft 5 Bed/5 Bath Custom Exec Homewith walls of windows showcasing panoramic views of the mountainsoverlooking the bay, the Gulf Islands, the Salish Sea, and thecoastal mountains. This amazing home offers fine finishing, extensiveocean facing covered decks, a lower level Legal Suite, and you canstroll to the water’s edge and launch your kayak. From thecourtyard gardens, a grand entry leads into a foyer and a FormalReception Room with dual skylights, lighted art niches and acascading wall fountain. Wood flooring flows into a GreatRoom/Kitchen with a nat gas FP and views of Jesse Island through OSwindows that capture ever-changing vistas of the water, whales andeagles, and the rhythm of life on the sea. The Gourmet Island Kitchenfeatures custom wood cabinetry, prof-grade stainless appls, graniteCTs, a Pantry, and doors to a huge deck with far-reaching views andan al fresco Dining area among the treetops. The Primary BedroomSuite offers a nat gas FP, a walk-thru with dual walk-in closets, anda custom 4 pc skylighted Ensuite. Completing the upper level: a 3 pcCustom Main Bath, a Guest Suite, a Bedroom/Den, a Laundry room and a656 sqft Dbl Garage with Storage. The 1284 sqft 2-Bed lower levelLegal Suite offers room for multi-generational living, guests, or alive-in caretaker/nanny. The open concept incls good-sizedLiving/Dining Areas, and an Island Kitchen with a WI pantry andstainless appls. There's also a Studio/Bedroom, a 2 pc Powder Room, a4 pc Bedroom Suite and a huge covered deck. Accessible from theexterior is an 1108 sqft Flex Room, and a 608 sqft Crawl Space forextra storage. Easy access to excellent marinas, transport toVancouver, golf courses, hospital, VI university, shopping andamenities of North Nanaimo. Visit our website for more information.