NOT LISTED FOR SALE

Estimated Value: $3,497,000 - $6,467,000

0.49 Acre
$9,038,331 Price per Acre
21,510 Sq Ft Lot

Last Sold February 17, 2021

Last sale price $2,600,000

Est. 72% increase in value since last sale

Current estimated payment $28,480/month

110 Days on Market

Highlights

  • White Water Ocean Views
  • Ocean Side of Highway 1
  • Up Slope from Street
  • Moulton Elementary Rated A
  • Corner Lot

About This Lot

As of February 2021

Ideally located in the prestigious enclave of the seaside community of Ritz Cove, this elevated 21,000+ sq. ft. corner parcel sits at the end of a private Monarch Cove cul-de-sac. With white water ocean, Catalina and golf course views, the astute buyer will also have access to member -only, exclusive Monarch Beach restaurants and beach club in this 24 - hour guard-gated community. This land offers an unparalleled opportunity to create a coastal luxury lifestyle located minutes away from Ritz-Carlton, St. Regis Hotel, world class shopping and dining at Lantern District.

Last Agent to Sell the Property

John Stanaland

DOUGLAS ELLIMAN OF CALIFORNIA, INC. License #01223768 Listed on: 09/30/2020

DOUGLAS ELLIMAN OF CALIFORNIA, INC.

Last Buyer's Agent

John Stanaland

DOUGLAS ELLIMAN OF CALIFORNIA, INC. License #01223768 Listed on: 09/30/2020

DOUGLAS ELLIMAN OF CALIFORNIA, INC.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $27,924

Lot Details

  • 0.49 Acre Lot
  • Property fronts a private road
  • Corner Lot
  • Density is up to 1 Unit/Acre

HOA Fees

  • $1,100 Monthly HOA Fees

Parking

  • Up Slope from Street

Property Views

  • White Water Ocean
  • Catalina
  • Panoramic

Home Design

  • Planned Development

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 12119
  • Assessor Parcel Number 67246120

Community Details

Overview

  • Tsg Management Association, Phone Number (949) 481-0555
  • Ritz Cove Association
  • Ritz Cove Subdivision

Recreation

  • Ocean Side of Highway 1
  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$27,924

Lot Details

0

HOA Fees

$1,100 per month

Listing Details

  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name Other: Ritz Cove (RC)
  • View: Yes
  • Zoning: R-1
  • Property Type: Land
  • Parcel Number: 67246120
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 120.87

Exterior Features

  • View: Catalina, Ocean, Panoramic, Water, White Water

Utilities

  • Utilities: Sewer Available, Water Available
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association: Ritz Cove
  • Association Fee: 1100.00
  • Association Fee Frequency: Monthly
  • Association Name: TSG Management
  • Phone: 949-481-0555
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Lot 20000-39999 Sqft, Up Slope from Street
  • Lot Size Sq Ft: 21510.00
  • Lot Size Acres: 0.4938

Multi Family

  • Lot Size Area: 21510.0000 Square Feet
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 423.05
  • Tax Lot: 1
  • Tax Tract Number: 12119

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Feb 4, 2021
Sold by
Ecc Monarch Llc
Bought by
Ez Properties Llc
Seller's Agent
John Stanaland
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Buyer's Agent
John Stanaland
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
List Price
$3,995,000
Sold Price
$2,600,000
Premium/Discount to List
-$1,395,000
-34.92%
Total Days on Market
110
Current Estimated Value
$4,463,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,863,128
Avg. Annual Appreciation
13.42%
Original Mortgage
$2,100,000
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 11, 2017
Sold by
Emerald Creek Capital Llc
Bought by
Ecc Monarch Llc

Purchase Details

Closed on
Jul 26, 2017
Sold by
Anchor R & R Llc
Bought by
Emerald Creek Capital Llc

Purchase Details

Closed on
Mar 28, 2015
Sold by
Roebuck Teresa A
Bought by
Anchor R & R Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,600,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2013
Sold by
Anchor R & R Llc
Bought by
Rodarte Michael R

Purchase Details

Closed on
Nov 19, 2012
Sold by
Rodarte Michael R
Bought by
Anchor R & R Llc

Purchase Details

Closed on
Jun 29, 2011
Sold by
Rodarte Manuel
Bought by
Rodarte Michael R

Purchase Details

Closed on
Jun 4, 1999
Sold by
Rodarte Michael R and Rodarte Manuel
Bought by
Roebuck Teresa A

Purchase Details

Closed on
May 19, 1999
Sold by
Rodarte Esther
Bought by
Rodarte Manuel

Purchase Details

Closed on
Apr 30, 1999
Sold by
Ritz Cove Development Llc
Bought by
Rodarte Michael R and Rodarte Manuel
Source: Public Records

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Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ez Properties Llc $2,600,000 Lawyers Title
Ecc Monarch Llc -- First American Title Co
Emerald Creek Capital Llc $5,395,000 None Available
Anchor R & R Llc -- First American Title Company
Rodarte Michael R -- None Available
Anchor R & R Llc -- None Available
Rodarte Michael R -- None Available
Roebuck Teresa A -- None Available
Rodarte Manuel -- First American Title Ins Co
Rodarte Michael R $650,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ez Properties Llc $8,477,000
Closed Ez Properties Llc $2,100,000
Previous Owner Anchor R & R Llc $4,600,000
Previous Owner Wall Stephen E $600,000
Previous Owner Ritz Cove Development Llc $3,755,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2021 02/17/21 Sold $2,600,000 -25.7% --
01/18/2021 01/18/21 Pending -- -- --
10/22/2020 10/22/20 Price Changed $3,499,000 -12.4% --
09/30/2020 09/30/20 For Sale $3,995,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $27,924 $2,759,140 $2,759,140 --
2023 $27,332 $2,705,040 $2,705,040 $0
2022 $26,812 $2,652,000 $2,652,000 $0
2021 $28,610 $2,829,008 $2,829,008 $0
2020 $42,632 $4,161,600 $4,161,600 $0
2019 $41,787 $4,080,000 $4,080,000 $0
2018 $40,965 $4,000,000 $4,000,000 $0
2017 $1,337 $84,882 $84,882 $0
2016 $1,288 $83,218 $83,218 $0
2015 $1,379 $81,968 $81,968 $0
2014 $1,363 $80,363 $80,363 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG20204990

California Regional Multiple Listing Service (CRMLS)

APN: 672-461-20