The Real Estate market in Dana Point, California saw a number of properties selling over the $10 million dollar price point in 2020 thanks in part to lower inventory and a higher demand for homes from local buyers. It's no surprise that 2 of the 3 highest sales this year occurred in the beach front community known as "The Strand at Headlands" which seems to have some of the most expensive home sales year after year.
The third highest sale took place at 15 Coral Cove Way which sold for $12,050,000 and closed escrow on 10/09/20. The five bedroom home featured a reported 7,915 according to our multiple listing service with three levels of living spaces. It was newly built in 2020 and featured wonderful ocean views in the South Strand neighborhood that sits high on a hillside. In addition to the main level master suite the bonus features in the subterranean floor include a lounge, pub bar, home theater, a private grotto, media room, and a gym with sauna. Of course, one of the best features to take in the ocean views is the infinity pool area which includes a private spa and fire pit.
The second highest sale took place this year at 25 Beach View Avenue which is also located at the Strand. The listing was in the North Strand neighborhood which sold for $14,400,000 which was finalized on 04/02/20. The five bedroom home featured a reported 8,687 square feet on 3 levels with a 4 car garage and built in 2015 according to our multiple listing service. The ocean view property was originally on the market for $14,895,000 and sold after being on the market for 145 days. This is a very beautiful home that offers the classic California style architecture with forever ocean and sunset views.
The highest sale in 2020 took place at 17 Ritz Cove in Dana Point. The Ritz Cove neighborhood is located adjacent to the Ritz Carlton hotel. This 5 bedroom ocean front home had recently gone through a renovation and featured a reported 6,615 square feet of living space and sold for $17,500,000 on 07/09/20 according to our multiple listing service. As you may recall we have talked about this home before as it sold in 2016 for $12,750,000 according our title services. That's not a bad return on your investment with all things considering. What makes this community unique is that there are only an approximate 101 homes with a very small number of those located on the bluff front. It seems like buyers are looking for homes that don't have a lot of projects and want a premier location. I have to say the finishes on this home were very tastefully done and I'm not surprised that this was the highest sale this year in 2020. It will be interesting to see what 2021 brings and we are all cautiously optimistic for another great year.