Dana Point Real Estate News

Mar 24

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Finding a home located on a corner lot has a lot of value to certain real estate home buyers.  A corner lot usually means that you only have neighbor to the side of you offering an extra level of privacy in the backyard.  Inside the home this often also means that you might have windows that overlook open spaces instead of looking at a neighboring house.  Some of the cons for buying a corner lot is that the location might be near a busy street where there is a lot of thru traffic adding to extra noise.  For the most part, having a home in this kind of location is a selling point that many sellers like to advertise when putting a home on the market for sale.  We did a quick search for current homes for sale in Dana Point and found 9 properties that were

Feb 11

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What makes a good investment property generally comes down to how much income the property will generate plus how much appreciation can you expect from the home.  These are the two factors every real estate investor looks at when looking to invest in a property.  Some prefer to have a property that will appreciate in a much faster pace which results in more equity as the property is worth more at a later date.  Others prefer to have a higher net income coming into the property on a monthly basis to cover any mortgage payments, taxes and insurance.  There are several properties in Dana Point which are currently being advertised as good investment homes.

One of advertised properties is located in the Marinita gated community.  The 3 bedroom townhome has

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