Dana Point Real Estate

Seller Financing is a great way to buy a home that doesn't involve a traditional lender.  These are typically hard to come by and more often than not you need to inquire with the property owner if they are willing to finance either a portion of the entire amount of the purchase price.  The first thing to look for is the amount of money the current owner owns on the property.  This way you will be able to figure out the approximate amount they will be able to finance.  For example, if the home is worth $1 million dollars and they owe $200,000 to the mortgage bank then have an approximate $800,000 amount to finance.  These numbers are approximate since sellers often have fee's associated with closing costs, real estate commissions, etc that would be

Dana Point is well known for having wonderful panoramic views from many locations throughout this beach town.  While having an ocean view is always a selling point an upgrade to this would be having a sit-down ocean view.  What exactly does this mean.  A sit down ocean view is where you can be sitting down in your home and have a nice view of the ocean.  Many real estate properties online that advertise an ocean view can range from a small peek-a-boo view where you have to stretch to see the ocean while other views can be seen while you walk through the home but not when sitting down.  When you have a sit-down view it's considered a premium view in the eyes of real estate agents.  There are several places to look in the Dana Point area to find these kind

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

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

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

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

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

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

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

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