$1,600,000
●
House -
Off Market
214 Monarch Bay Drive
Dana Point, CA 92651
4 Beds
2 Baths,
1
Half Bath
2,858 Ft²
$2,701,602
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model
About This Property
Spacious private lot with endless possibilities and plans for newly
constructed beauty! This Single Story Home sits on an oversized lot
in the Private Beach Community of Monarch Bay! Nestled at the end
of a very privte cul-de-sac, in the prestigious 24-hour guard gated
neighborhood, you will enjoy this 4 bedroom/ 4 bath pool home.
Ideal light and bright open-concept floor plan with living room,
formal dining and separate family room with cozy fireplace. Neutral
designer paint colors, tile flooring, newer baseboards and coastal
charm throughout! Numerous French doors provide access from almost
every room to the lush backyard with patio and sparkling pool for a
true California outdoor lifestyle. Upgraded kitchen includes
stainless steel appliances, gleaming granite countertops and white
cabinetry. Master bedroom includes immense closet space and French
doors that open to the beautiful backyard. Garage has been
converted into a bonus room with French doors and adds valuable
square footage beyond that which is listed!! Plenty of street
parking immediately in front of the home. Walk to YOUR PRIVATE
BEACH CLUB, where you will enjoy membership to one of the most
exclusive Beach Clubs in California! Steps from the tennis courts
and beach, walking distance to the Ritz Carlton, Monarch Beach
Resort, and Montage. Blue Ribbon Award winning schools and an
abundance of outdoor recreation nearby. This property won't last
long!!
Unit Size
2,858 Ft²
Days on Market
54 days
Land Size
0.38 acres
Price per sqft
$665
Property Type
House
Property Taxes
-
HOA Dues
$717
Year Built
1967
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #OC20026537)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 1, 2024 | Listed by Coldwell Banker Realty | $6,895,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Perched within the exclusive enclave of Monarch Bay, this rare opportunity invites you to bring your coastal dream to life, complete with approved plans for a stunning two-story home spanning approximately 5,257 square feet. A grading permit is ready to be pulled, and all permits for 214 Monarch Bay Drive—including grading, shoring, new home, landscape, hardscape, and pool—are approved and ready. The remaining steps involve securing surety bonds and paying the final permit fees, most of which, including school fees, have already been covered. With these approvals in hand, the dream of creating your perfect coastal retreat is ready to come to fruition.
Situated on an expansive lot at the end of a secluded cul-de-sac, this gem lies within a prestigious 24-hour guard-gated neighborhood. Beyond the home, residents can enjoy access to an exclusive private beach club, nearby tennis courts, and take leisurely strolls to luxury destinations like the Ritz Carlton, Monarch Beach Resort, and The Montage. With top-rated Blue Ribbon schools and abundant opportunities for outdoor recreation, this property truly embodies the ultimate coastal lifestyle.
| |||
| Apr 10, 2020 | Sold | ||
| Sold | |||
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Property Highlights
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Dana Point
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Listed by: Lori McGuire, RE/MAX Select One
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC20026537
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC20026537
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