33352 Reef Bay Place
About This Property
This single-level, 3-bedroom, 2-bath gem offers incredible potential for equity growth, making it quite possibly the best value in Dana Point. Nestled in the Stratford at the Pacific community - one of Dana Point's best-kept secrets - this home boasts a wraparound yard with lush gardens and is surrounded by flat, wide streets, community spaces, and cul-de-sacs.
Located just moments from Doheny State Beach and Dana Point Harbor via the San Juan Creek bike trail, the home is ideal for those seeking an active, coastal lifestyle.
Inside, enjoy vaulted ceilings, skylights, and a fresh update with new flooring, paint, fixtures, and more. The primary suite offers two closets, a private ensuite bath, vaulted ceilings, and a serene patio space. The secondary bedrooms are thoughtfully separated from the primary suite-one currently serves as a home office with custom-built cabinetry.
This property is perfectly positioned near downtown Dana Point, now benefiting from an estimated $400 million dollar revitalization, and the harbor, which is undergoing a massive $600 million improvement project. This is a rare chance to enter the Dana Point market at an affordable price before these developments elevate local home values even further.
No stairs? No problem. This step-free home is perfect for downsizers and offers ample side yard storage for all your recreational toys - from bikes to surfboards to outrigger canoes. Don't miss this incredible opportunity to enjoy the Dana Point lifestyle at an affordable price! Don't miss this outstanding opportunity!
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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%.
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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 |
|---|---|---|---|
| Nov 21, 2024 | Sold | ||
| Sold | |||
| Nov 2, 2024 | In contract | - | |
| In contract | |||
| Oct 14, 2024 | Listed by Luxre Realty, Inc. | $1,350,000 | |
| Listed by Luxre Realty, Inc. | |||
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About Dana Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017