Tagged : Monarch Bay Early Buyout Agreement

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

Over the last several weeks there have been a lot of homes coming on the market in the Monarch Bay community in Dana Point, California.  This is good news for those considering buying in this ocean front gated community as real estate inventory has been really low for the past 12 months and the new early buyout opportunity is creating a surge in buyer activity.  48 owners have already purchased the land and now own both the home and the lot the home sits on. One reason for the rise in the listing inventory for this community is the Land Lease situation that will be occurring in the year 2020.  For years and to this day the community has been under a land lease controlled by the Moulton Family Trust. In 1988, the Moulton agreed that in 2020 when the lease