Monarch Bay Ocean View Homes For Sale In Dana Point, CA
Posted by Sam Smith on Friday, January 18th, 2013 at 4:00pm.
The Monarch Bay community in Dana Point is one of the best places to find ocean view homes in Dana Point, California. Monarch Bay is an ocean front community located just south of the Three Arch Bay community in Laguna Beach. The homes are mainly single level to maximize the ocean views for all homes in the community.
The one key thing to remember when buying in Monarch Bay is the land lease situation. The homes are are located on lease land and have been since the 1960's. Recent developments in the Monarch Bay community have been made for the owners to buy the land in 2020 for 65% of the appraised value at that time. The one thing to remember is that Monarch Bay is a prime oceanfront community with real estate prices much lower than neighboring ocean front communities. The trade off is that you can get into this community while prices are still low and enjoy the benefits when real estate prices increase. We encourage you to contact us with any questions regarding these homes and the land lease situation.
Currently, home prices currently range from $1,500,000 to just under $10 million dollars with a large majority of these homes offering ocean views. The homes are located behind guard gates so please contact us for an appointment to see any of these ocean view homes.
