$8,000,000
SOLD JUN 30, 2022
5 Beds
6.5 Baths
8,081 Sq Ft
0.3 Acres

Recently Sold

$990 Per Sq Ft

47% Below List Price

56 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • 24-Hour Security
  • Moulton Elementary Rated A
  • Property has ocean access
  • New Construction

About This Home

As of August 2025

Truly an "incredible" opportunity!! A most discerning purchaser must consider!! NEW CONSTRUCTION! Purchaser can still modify floorplan and make all selections! Completion time period approx. 15 months. Purchase Price to "include" an exquisite Custom Built "Golf Course, Catalina and Whitewater Ocean View" home located in the exclusive 24 hour "guard gated," Ocean Front community of Ritz Cove. This custom residence to be built by "Nicholson Companies" of Newport Beach contains approx. 8,081 sqft, 5 bedrooms, 6 1/2 baths, custom elevator, hand crafted cabinetry with outstanding finishes, a gourmet kitchen with professional series stainless steel appliances. Game room / bonus room (perhaps could be used as a theater), an incredible master suite with an extremely gracious walk-in closet, and a beautifully appointed master bath. Additional features include a sweeping staircase, main floor den/ study or en suite bedroom. An extremely open and spacious floor plan featuring an expansive pocket door system opening to the rear yard. Additionally, there is a 4-car garage...all situated on approx. 13,100 sqft site offering truly outstanding and unobstructed "Whitewater" and "Beach Views!" Truly a tremendous opportunity offering "secured Beach access" from Ritz Cove Community as well as walking distance to the renowned Salt Creek Beach and the Ritz Carlton Resort. This particular site will provide its own secure access to the "walking path," affording direct "Beach Access" as well to the Monarch Bay Club and Salt Creek Surf Breaks! Excellent proximity to the Dana Point Harbor and "Lantern District" with all of its shopping and restaurant amenities. Now is an incredible time to purchase this custom home and be able to assist in the choices of "finish materials." One of the last few remaining custom homes to be built in the Ocean Front community of Ritz Cove. Please see "Supplement Area" of MLS for Renderings, Floor Plans, Elevations, Site Plans, and Conceptual Landscape Plan.

Last Agent to Sell the Property

Robert Wolff

Harcourts Prime Properties License #01053562 Listed on: 03/24/2022

Harcourts Prime Properties

Last Buyer's Agent

MICHAEL MECHLING

Coldwell Banker Realty License #01858728

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $97,699

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.3 Acre Lot
  • Beach Front
  • Property fronts a private road

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Single Garage Door

Property Views

  • Ocean
  • Catalina
  • Panoramic

Home Design

  • Custom Home
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 8,081 Sq Ft Home
  • Elevator
  • Open Floorplan
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Home Office
  • Game Room
  • Home Gym
  • Home Security System

Kitchen

  • Open to Family Room
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Self-Closing Cabinet Doors
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • High Efficiency Air Conditioning
  • Central Air
  • Tankless Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 13103
  • Assessor Parcel Number 67246105
  • $16 per year additional tax assessments

Community Details

Overview

  • Ritz Cove Association, Phone Number (949) 481-0555
  • Ritz Cove HOA
  • Ritz Cove Subdivision
  • Maintained Community

Security

  • 24-Hour Security
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$97,699

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$750 per month

Parking

4

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated with Attendant, Gated Community, Gated with Guard, Security System
  • Subdivision Name Other: Ritz Cove (RC)
  • View: Yes
  • Architectural Style: Custom Built
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 67246105
  • Year Built: 2022
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 8081.00 Square Feet
  • Interior Amenities: Elevator, Open Floorplan, Pantry
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Dining Room, In Living Room
  • Entry Level: 1
  • Fireplace Features: Master Bedroom, Great Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 989.98
  • Room Type: Exercise Room, Family Room, Game Room, Kitchen, Living Room, Master Bathroom, Master Bedroom, Office, Walk-In Closet
  • Bathroom Features: Bathtub, Double Sinks In Master Bath, Privacy Toilet Door, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Self-Closing Cabinet Doors

Exterior Features

  • View: Catalina, Ocean, Panoramic
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Disposal, Microwave, Refrigerator, Tankless Water Heater
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds, Guard, Security, Controlled Access
  • Association Fee: 750.00
  • Association Fee Frequency: Monthly
  • Association Name: Ritz Cove
  • Phone: 949-481-0555
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
  • Association Management: Ritz Cove HOA

Schools

  • School District: Capistrano Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13146.00
  • Lot Size Acres: 0.3018

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13146.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Front, Ocean Access, Ocean Front, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 423.23
  • Tax Lot: 15
  • Tax Tract Number: 13103
  • TaxOtherAnnualAssessmentAmount: 16.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2021
Closed on
Apr 13, 2021
Sold by
Akazawa Melvin and Akazawa Joyce
Bought by
Pleasantville Road Partners Llc
Seller's Agent
Doug Echelberger
Inhabit Collective
Buyer's Agent
Robert Wolff
Harcourts Prime Properties
List Price
$5,995,000
Sold Price
$5,800,000
Premium/Discount to List
-$195,000
-3.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.34%
Source: Public Records

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 Type Sale Price Title Company
Grant Deed $5,800,000 Pacific Coast Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,500,000 Construction
Previous Owner $425,000 Unknown
Previous Owner $460,000 Balloon
Previous Owner $580,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Sold $19,050,000 -10.1% $2,357 / Sq Ft
07/21/2025 07/21/25 Pending -- -- --
07/05/2025 07/05/25 Price Changed $21,195,000 -7.8% $2,623 / Sq Ft
05/11/2025 05/11/25 For Sale $22,995,000 +20.7% $2,846 / Sq Ft
05/02/2025 05/02/25 Off Market $19,050,000 -- --
08/02/2024 08/02/24 For Sale $22,995,000 +187.4% $2,846 / Sq Ft
06/30/2022 06/30/22 Sold $8,000,000 -46.6% $990 / Sq Ft
03/24/2022 03/24/22 For Sale $14,995,000 +158.5% $1,856 / Sq Ft
06/07/2021 06/07/21 Sold $5,800,000 -3.3% --
04/08/2021 04/08/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $5,995,000 -- --
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
2025 $97,699 $11,037,741 $8,489,664 $2,548,077
2024 $97,699 $9,477,872 $8,323,200 $1,154,672
2023 $84,122 $8,160,000 $8,160,000 $0
2022 $59,792 $5,916,000 $5,916,000 $0
2021 $19,292 $1,907,069 $1,907,069 $0
2020 $19,099 $1,887,515 $1,887,515 $0
2019 $18,723 $1,850,505 $1,850,505 $0
2018 $18,364 $1,814,221 $1,814,221 $0
2017 $18,006 $1,778,649 $1,778,649 $0
2016 $17,697 $1,743,774 $1,743,774 $0
2015 $17,510 $1,717,581 $1,717,581 $0
2014 $17,186 $1,683,936 $1,683,936 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22058862

California Regional Multiple Listing Service (CRMLS)

APN: 672-461-05