It would be more helpful to have a floor plan of that whole area of the house, especially the rooms and hallways immediately beside the master bedroom.

But in general you should put closets on interior walls as you are doing. With a large well-organized closet, you shouldn't need much other furniture so I don't see the value of additional floor space. For example, your long low dresser is a space-eater, compared to under-bed drawers or a well-organized floor to ceiling closet. I wouldn't give up an ocean view for anything.

You have enough room for a queen bed. I'd make the night tables do double-duty by getting slightly larger ones that have 3 drawers, for storage of smaller clothes e.g. socks, underwear. A small chair between the night table and the closet, to sit on when dressing. If you need more drawer space, add a tallboy dresser. Or you could rotate the bed. Might make the night tables/mini-dressers more accessible.

Thank you for your suggestions Partim! I agee, the dresser is a major space eater. It was a hand me down..

The floor plans we have are all from pre renovations so aren't quite accurate but outside the door is a long hallway and bedroom to the right.

I’d say keep going with your plan, you wouldn’t want to block off a beautiful view, that’s if I’ve read it right

I'd add some light and the ocean view to the hallway by adding an interior window.