2am approx and I woke up to use bathroom. I returned to bed and on my way to bed, I could see a particularly bright red pulsing light stationary towards the west over the ocean. I watched it for a minute through our window over the bed and my wife awaken and I told her she has to see this.

She popped up and instantly saw what at first to me had looked like a very bright Mars but by the time she got up and was observing it it had doubled in magnitude.  You could see all the other stars in the sky around it which had there normal bluish color but this was orange red and it began pulsing.  We both were in amazement as to what it was.  It remained stationary.  After several minutes of it getting progressively brighter, all of a sudden it got very bright then completely just vanished.  It did not fly away but just went out.  
I am a retired school teacher and my wife a real estate agent and are rational people but this was as clear as it could be.  We have not seen! anything like it before over the ocean at night here at our beach home.  Unexplainable both of us felt as if it knew we were watching it and disappeared, but then again we do believe in life on other planets but this took us by surprise.  And all the facts of the visual observation are facts but the feeling part we understand is subjective however it was very strange feeling watching it just disappear when all the backdrop of stars remain plenty bright.  Thank you