$5,495,000 - 34412 St Of The Green Lantern, Dana Point

  • 0Beds
  • Baths
  • SQ. Feet
  • 0.30Acres

Bluff front Restaurant/Hotel development opportunity overlooking the incomparable Dana Point Harbor. Current Seller plans are for approximately 8,500 sq. ft. premium restaurant or 19 luxury guest rooms with spacious private decks and incredible ocean, harbor and coastline views. With over 2.5 million visitors annually, Dana Point has some of the highest occupancy rates in California due to its small town charm, striking views, beach access, water activities, annual entertainment, premier restaurants and much more. The Harbor area is currently undergoing a 5 year, $400 million dollar renovation which will further increase the value of this land and its development potential. Hotel guests will enjoy walkable access to the harbor activities, coastal hiking trails, Strands Beach and the newly developing downtown Lantern Village. Restaurant patrons will enjoy the same coastal activities, arts, entertainment, and shopping. Do not miss this truly once in a lifetime opportunity to own a piece of the most iconic bluff front land in all of the Southern California Riviera. UPDATE: AS OF 8/26/19 THE DANA POINT CITY COUNCIL (IN A 5 - 0 VOTE) APPROVED A 51 UNIT HOTEL WITH ROOFTOP POOL, BAR, AND LOUNGING AREA FOR THE PARCEL AT THE CORNER OF COVE ROAD AND GREEN LANTERN OF ALMOST INDENTICAL SQUARE FOOTAGE. THE FIRST NEW PROJECT TO BE APPROVED ON THE BLUFF IN 40+ YEARS.

Sales Agent

Sam SmithBeach Cities Luxury HomesPhone: 949-606-4114Cell: 949-606-4114Contact Agent Now

Essential Information

  • MLS® #:OC19071128
  • Price:$5,495,000
  • Acres:0.30
  • Type:Lot-Land
  • Sub-Type:Lots and Land
  • Status:Active

Community Information

  • Address:34412 St Of The Green Lantern
  • Area:Lantern Village (LT)
  • Subdivision:Other (OTHR)
  • City:Dana Point
  • County:Orange
  • State:CA
  • Zip Code:92629

Amenities

  • View:City Lights View, Coastline View, Ocean View, Panoramic View, Bluff, Catalina View, Harbor View, Marina View, Pier View, Water View, White Water View

Exterior

  • Lot Description:Bluff Front, Lot 10000-19999 Sqft

Additional Information

  • Date Listed:March 30th, 2019
  • Days on Market:225
  • Zoning:Visitor/Recreation

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Provided By: Glenn Farmer(01186688), Group IV International.

Based on information from California Regional Multiple Listing Service, Inc. as of November 11th, 2019 at 2:01pm CST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.