magnificent view; scenic beauty
Describes a place with an outstanding panoramic view. Often used in travel descriptions or real estate.
This hotel is built in a location with a magnificent view.
The view from the mountaintop was truly spectacular.
絶景 is a more common word for 'superb scenery', while 展望絶佳 is a formal, somewhat literary compound emphasizing the quality of the view.
眺望 means 'view' or 'prospect' in a neutral sense; 展望絶佳 adds the evaluative meaning of 'excellent'.
A Sino-Japanese compound of 展望 (view, prospect) and 絶佳 (excellent, superb). The exact historical derivation is uncertain, but it follows a common pattern of four-character idiomatic phrases.