Dana Point is a small beach town with many homes offering various price points. For those seeking an oceanfront home or a new construction home on the beach then there are several neighborhoods that offer luxury properties listed for over $10 million dollars. Here is a quick guide to help you determine the right neighborhood for you.
The first luxury community is commonly known as "The Strand." This is one of the newest neighborhoods in Dana Point that offers parcels of land directly on the beach or several streets up from the beach with stunning ocean views. This was advertised as one of the last oceanfront communities in Southern California which is located in front of Strands Beach and south of the Ritz Carlton Hotel. The neighborhood first came about around 2008 and quickly became the most expensive neighborhood in Dana Point. Now, a lot of the homes have been built but still some remaining re-sale lots are still available. The neighborhood is gated but the city has allowed tourists beach access through the neighborhood. There are two sections known as the South Strand and North Strand. North Strand was built first near the beach and now South Strand homes are being built on the hillside that offer wonderful ocean views. Real Estate prices currently start at $8,475,000 with lots starting at $3,150,000.
The next neighborhood would be Monarch Bay. Monarch Bay is located north of the Strand and is an oceanfront community as well. The homes in this neighborhood are slightly older than the Strand and also much lower in price. However, homes located on the bluff front can command a huge premium in price and sell well over the $10 million dollar price point. This is a 24 hour guard gated community with strict access with no tourist access. Homes in this neighborhood are on lease until the year 2020 when owners will have the ability to purchase the land. Some owners have already purchased the land so it's important to check on any particular listing on the current land status. Currently, one Monarch Bay listing tops ten million and is on the market at $17,995,000. It's a 10,000+ square foot home that sits on the ocean bluff and offers amazing ocean and coastline views.
The last neighborhood is located in the Ritz Cove gated community and called "Monarch Cove." Monarch Cove is a small section located within Ritz Cove that offers 6 luxury homes next to the Monarch Beach golf course. Homes in this area located on the ocean front can command a huge premium in price. Ritz Cove is located adjacent to Monarch Bay and is situated next to the Ritz Carlton Hotel. Homes rarely come on the market that offers direct ocean front views so these properties are normally priced over the $10 million dollar price point. Right now there is one home for sale located in Monarch Cove listed at $16,900.00. Our team of Dana Point real estate agents live and work in the Dana Point area and can assist you in locating the right property and neighborhood. Please reach out to us anytime at 949-606-4114.