32631 Adriatic Drive
About This Property
Panoramic Ocean, Catalina, San Clemente Island & Sunset Views Single-Level Mid-Century Modern in Monarch Bay Terrace
A true diamond in the rough, this one-owner residence offers exceptional potential for renovation or redevelopment.
This single-level mid-century modern home is situated on a generous 10,450 sq. ft. flat lot and captures sweeping panoramic ocean, Catalina, San Clemente Island, and sunset views from both inside and out.
The home features 4 bedrooms, 3 bathrooms, and a two-car garage, with soaring wood-beamed ceilings, expansive windows, and sliding doors throughout-filling every room with natural light and breathtaking coastal vistas. The open layout and high ceilings create an ideal foundation for a stunning modern transformation.
Whether you choose to restore the existing mid-century architecture or build a brand-new custom estate with a subterranean garage, the possibilities are endless in this premier lower-terrace location.
This is a fixer property that requires significant updates, including a new roof and extensive TLC-making it an exceptional opportunity for investors, builders, and visionaries seeking long-term value.
Don't miss this rare chance to create your dream coastal retreat in one of Dana Point's most coveted neighborhoods. Live your best life by the beach at 32631 Adriatic Drive.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2026 | Listed by The Agency | $4,400,000 | |
| Listed by The Agency | |||
| Feb 18, 2024 | No longer available | - | |
| No longer available | |||
| Jan 3, 2024 | Relisted | $4,200,000 | |
| Relisted | |||
| Dec 30, 2023 | No longer available | - | |
| No longer available | |||
| Dec 19, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017