Dana Point Development Opportunities
Posted by Sam Smith on Wednesday, January 11th, 2017 at 5:13pm.
Once in awhile you will see a good deal that comes on the market here by the beach that potentially would make the perfect development opportunity. Located on the sand in the gated Beach Road community is potentially such a property. The three bedroom, two bath home features 1,707 square feet of living space and is in originally condition. It was built in 1948 and located on a 2,808 square foot lot that sits directly in front of the sand. It's listed at $2,688,000 which is very close to being land value which makes it ideal for someone looking to build a brand new home on this lot or renovate the current home and rent it out for income. The home comes with approved plans for a 2,570 square foot two story home featuring three bedrooms and designed by local architect Mark Singer who is well known for his Contemporary design.
Beach Road homes normally start at around $3 Million dollars and up for three bedroom original beach home. Currently the next lowest priced home on the market is at $3,550,000 for a six bedroom, 3,000 square foot home with the most expensive property being listed at $6,495,000 for a 4,032 square foot home built in 1980. In the last six months there have been two sales on Beach Road. 35365 Beach Road sold for $3,150,000 and was a 3 bedroom, 2 bath home with 1,408 square feet. This was an original 1950's beach cottage that had never been offered for sale in over 60 years. The second sale occurred at 35099 Beach Road and sold for $4,300,000. This was a seven bedroom home featuring 3,491 square feet with two levels of living space. It was originally marketed at $4.9 million and sold after being on the market for a total of 217 days.
There are a few good opportunities that come up in the beach town of Dana Point from time to time if you know were to look. If you are looking for a good investment property by the beach please give us a call to see if we can pair the perfect opportunity with you. We can be reached at 949-606-4114 and look forward to assisting you. We have also provided a link below to research the Beach Road community.
