Dana Point Real Estate News

Jan 10

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Have you ever taken a vacation and stayed at home that you could imagine living in year around.  Believe it or not, this happens a lot to buyers looking for that perfect vacation property.  For some it may be some exotic location, to others a home near a ski resort while others prefer the year around warm weather of Southern California.  Dana Point offers the best of both worlds with one of the best climates in North America where it never gets too cold and never too hot.  The seaside town is known for it's spectacular harbor with luxury yachts and outdoor water activities.  These are some of the best places to look for your ideal vacation home.

First, it's hard to start any conversation about a year around vacation property without mentioning the

Dec 13

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Every December we will look back at what has sold in the city of Dana Point and every. year we are not surprised to learn that some of the most expensive homes were sold in the Strand at Headlands community.  In fact, 2 of the top 3 highest sold properties this year were sold at the Strand but for far less than 2018 which topped over $23 million.  This year the top 3 properties range between $8 and $14 dollars which is far less than the previous year.  This does not negate that this was a very busy year with over 500 homes sold with a very strong economy helping the cause.  Here is a quick run down of the top 3 sales.

It's no surprise that the highest sale is located at the Strand at Headlands community.  21 Beach View Avenue was on the market for

Nov 11

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Dana Point has featured several brand new communities like South Cove and Ocean Del Rey Estates which features brand new constructions homes and condos.  South Cove is a perfect example of a new community that selects several condos to feature as what potential buyers can upgrade their homes to.  These are used as open houses from the sales office to try and sell other condos that will be coming on the market for sale.  In order to do this they typically do a lot of work to the home with trendy design work and countless number of upgrades to kitchen and baths.  It's often a far cry to what most buyers will end up buying but allows for the consumer to imagine what could be done with the right amount of money and time.

From time to time we do see these

Oct 16

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Ono of the most popular places in Dana Point are the homes located near Strands Beach.  The location is just north of the Dana Headlands with several neighborhoods within close proximity to this beach.  Often times, many tourists looking for rental properties in the area gravitate to this area due to the large number of rentals that are on the market at any given time.  These will range from long term 12 month rentals to short term vacation rentals that are leased out by the month.  The views are arguably some of the best in the Dana Point area depending on where the home or condo is located.  There are several neighborhoods to consider when looking to live near Strands Beach.

The first, and most popular place to find a rental in this area is the

Sep 20

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The situation dealing with the Monarch Bay Land Lease is starting to get very serious as an estimated 100 plus owners have not paid for the land that is currently being leased.  We have reported before that the Monarch Bay owners have the opportunity to purchase the land for 65% of the appraised value which is a pretty good deal considering the location of Monarch Bay which is a prime oceanfront community with direct access to the beach in Dana Point. We have received many questions regarding this including what happens to owners who don't pay for the land before the expiration date.  After doing some research we found some information on the Keystone, formerly Progressive Community Managment website that has a 12 page information booklet answers many

Aug 7

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The South Cove development is well on it's way with many of the first built condos having been sold.  As we see with many new developments throughout Dana Point once owners have purchased these new homes we start to see those same properties come up for lease.  These are typically from real estate investors who bought these properties as an investment property for the sole purpose of renting them out.  This makes a lot of sense sense the location is extremely close to the beach and Dana Point harbor which points to holding it's value for a long period of time.

Rental prices for the South Cove don't come cheap as you are paying a premium for this beach close location and the newer constructions.  Current rental rates start at $4,250 for a 3 bedroom

Jul 26

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We get a lot of clients who initially want to drive through the town of Dana Point is to see what areas they would like to live.  A good number of these clients identify condos located off Selva Road as the place they would consider buying.  What most of these clients are referring to are the condos off Selva Road called "Niguel Beach Terrace."  The location is arguably hard to beat as you can easily walk down the steps to the beach in a matter of minutes.  It sits cross a small road that is a bluff that overlooks the Pacific Ocean and Strands Beach.  The city of Dana Point has built two sections of steps that lead directly down to the beach which adds to the value of these condos.  Some of these units will have some small ocean views but most people buy

Jun 10

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Niguel Shores is widely considered one of the top neighborhoods in Dana Point and one of the top places to find both short and long term rentals.  This is especially true during the high season summer months where we get a lot of calls from clients looking for vacation rental properties for one month or more.  What makes this community so unique and desirable?  For starters there is a huge variety of homes were from oceanfront locations to smaller beach close properties.  The proximity to the beach is always just an easy 5 to 10 minute from most spots within this neighborhood.  

Rental prices can be all over the map depending on the length of stay and the time of the year.  Long Term rentals which comprise of a 12 month lease currently starts at $3,500

May 3

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Dana Point has several communities that offer enough land and space to allow for RV parking.  Since Dana Point has so many communities that are under a homeowner association it's difficult to find space for RV parking since there are many rules and regulations put in place to restrict homeowners from doing this.  It's much easier to find an older community that is not under a homeowners association that allows for more freedom to do various things without a community oversight.  One such area is the Capistrano Beach area.  

Capistrano Beach covers both sides of the 5 freeway with beach homes on the ocean side and large ocean view properties on the east side.  There are select properties on the east side that have larger parcels on land with long

Apr 9

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Dana Point has some really great communities that are located near the beach and also represent some of the lowest priced condos.  I recently took a listing in the Spinnaker Run community the is located about a 5 to 10 minute bike ride to the beach and was surprised to learn that it was the lowest priced listing at $325,000.  It was a small condo one one bedroom, one bath and under 600 square feet so it's not for everyone but would be a perfect starter home for a young couple or a nice investment property.  The community offers a nice association pool, spa and a bike trail that takes you down to the beach in about 5 minutes or so.  Not too bad for $325,000 and considering it is currently the lowest priced condo in Dana Point as of the first week in April