NOT LISTED FOR SALE

Estimated Value: $7,083,000 - $7,646,000

3 Beds
3.5 Baths
4,266 Sq Ft
$1,711/Sq Ft Est. Value

Last Sold May 14, 2024

Last sale price $7,030,000 $1,648 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $42,745/month

Highlights

  • White Water Ocean Views
  • In Ground Spa
  • 0.44 Acre Lot
  • Moulton Elementary Rated A
  • Primary Bedroom Suite
  • Midcentury Modern Architecture

About This Home

As of May 2024

Mid-century modern masterpiece in highly coveted Monarch Bay Terrace. With floor-to-ceiling windows lining the entire exterior of this open floor plan, this gem was custom designed to maximize its most important feature – the panoramic white water ocean view. As you enter the front door, you’ll immediately be struck by sweeping views from the shores of Catalina to waves crashing below the Ritz Carlton and blue ocean all the way to San Diego - ultimately wrapping around to Saddleback mountain – and you’ll experience these unbelievable 270 degree views from almost every room in the home. Situated on a 19000 square foot flag lot, at the top of Sea Island Drive, you’ll enjoy the ultimate in privacy and tranquility. Recent upgrades include new HVAC, new Lutron lighting throughout, new siding entire exterior, new security gate at the bottom of the private driveway, new high end landscaping entire lot, new paint inside and out, new kitchen appliances, new flooring and newly remodeled master bath. The impeccable mid-century modern architecture will make you feel as though you’ve stepped back in time. The ideal entertainers home, enjoy a cocktail at the bar as you watch the waves crash at Salt Creek. The ideal location can’t be beat - close to multiple 5 Star resorts, world renowned beaches, incredible shopping, golf courses, and just minutes to the action in Dana Point and Laguna Beach!

Last Agent to Sell the Property

Mary Beth Buckles

Coldwell Banker Realty License #01165545 Listed on: 05/19/2024

Coldwell Banker Realty

Last Buyer's Agent

Bryan Gerlach

Engel & Völkers Dana Point License #01906646

Engel & Völkers Dana Point

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,198

Year Built

  • Built in 1980

Lot Details

  • 0.44 Acre Lot
  • Flag Lot
  • Drip System Landscaping
  • Sprinklers Throughout Yard

HOA Fees

  • $40 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Driveway
  • Automatic Gate

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Golf Course
  • Bluff
  • Mountain
  • Neighborhood

Home Design

  • Midcentury Modern Architecture
  • Entry on the 1st floor
  • Flat Roof Shape

Interior Spaces

  • 4,266 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Built-In Features
  • Bar
  • Beamed Ceilings
  • Skylights
  • Recessed Lighting
  • Wood Burning Fireplace
  • Window Screens
  • Double Door Entry
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Home Office
  • Laundry Room

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 4 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Home Security

  • Alarm System
  • Security Lights
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Spa
  • Balcony
  • Patio
  • Fire Pit
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Water Heater

Listing and Financial Details

  • Tax Lot 81
  • Tax Tract Number 4272
  • Assessor Parcel Number 67017210
  • $2,265 per year additional tax assessments

Community Details

Overview

  • Monarch Bay Terrace Association
  • Monarch Bay Terrace Subdivision

Recreation

  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,198

Year Built

Built in 1980

Lot Details

0

HOA Fees

$40 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Security Lights, Security System, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Monarch Bay Terrace (MBT)
  • View: Yes
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 67017210
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4266.00 Square Feet
  • Interior Amenities: Balcony, Bar, Beamed Ceilings, Built-in Features, Furnished, Living Room Deck Attached, Recessed Lighting
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Double Door Entry
  • Entry Level: 1
  • Fireplace Features: Living Room, Wood Burning, Fire Pit
  • Levels: One
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1647.91
  • Room Type: All Bedrooms Down, Family Room, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Suite, Office, Walk-In Closet, Walk-In Pantry
  • Spa Features: Private, In Ground
  • Window Features: Screens, Skylight(s)

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Coastline, Golf Course, Mountain(s), Neighborhood, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Deck, Patio
  • Pool Private: No
  • Roof: Flat
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage, Garage Faces Front, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Gas Range, Refrigerator, Water Heater
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 40.00
  • Association Fee Frequency: Monthly
  • Association Name: Monarch Bay Terrace
  • Phone: 000
  • Senior Community: No
  • Community Features: Hiking, Street Lights
  • Association Management: Monarch Bay Terrace

Schools

  • School District: Capistrano Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Bluff, Lot 10000-19999 Sqft, Flag Lot, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer
  • Lot Size Sq Ft: 19000.00
  • Lot Size Acres: 0.4362

Multi Family

  • Lease Considered: No
  • Lot Size Area: 19000.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 423.24
  • Tax Lot: 81
  • Tax Tract Number: 4272
  • TaxOtherAnnualAssessmentAmount: 2265.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2024
Closed on
May 9, 2024
Sold by
Locale Properties Llc
Bought by
Monarch Property Ventures Llc
Seller's Agent
Mary Beth Buckles
Coldwell Banker Realty
Buyer's Agent
Bryan Gerlach
Engel & Völkers Dana Point
List Price
$7,030,000
Sold Price
$7,030,000
Current Estimated Value
$7,297,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,089
Avg. Annual Appreciation
2.70%
Original Mortgage
$5,200,000
Outstanding Balance
$4,905,499
Interest Rate
6.11%
Mortgage Type
New Conventional
Estimated Equity
$2,391,590

Purchase Details

Listed on
Mar 25, 2021
Closed on
May 18, 2021
Sold by
Snipes Edris Ann and Hilborn Duane Scott
Bought by
Locale Properties Llc
Seller's Agent
Stuart Wann
Compass
Buyer's Agent
Mary Beth Buckles
Coldwell Banker Realty
List Price
$5,695,000
Sold Price
$4,400,000
Premium/Discount to List
-$1,295,000
-22.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.94%
Original Mortgage
$2,860,000
Interest Rate
2.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Monarch Property Ventures Llc $7,030,000 Equity Title
Locale Properties Llc $4,400,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monarch Property Ventures Llc $5,200,000
Previous Owner Locale Properties Llc $2,860,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2024 05/19/24 For Sale $7,030,000 0.0% $1,648 / Sq Ft
05/14/2024 05/14/24 Sold $7,030,000 +59.8% $1,648 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
07/12/2021 07/12/21 Sold $4,400,000 -11.9% $1,066 / Sq Ft View Prior Sale
05/14/2021 05/14/21 Pending -- -- --
04/21/2021 04/21/21 Price Changed $4,995,000 -12.3% $1,210 / Sq Ft
03/25/2021 03/25/21 For Sale $5,695,000 0.0% $1,380 / Sq Ft
04/16/2019 04/16/19 Rented $7,700 -3.8% --
03/25/2019 03/25/19 Under Contract -- -- --
03/02/2019 03/02/19 For Rent $8,000 -11.1% --
11/01/2018 11/01/18 Rented $9,000 +12.5% --
10/16/2018 10/16/18 Price Changed $8,000 -10.1% $2 / Sq Ft
08/17/2018 08/17/18 For Rent $8,900 0.0% --
07/03/2018 07/03/18 Off Market $8,900 -- --
06/12/2018 06/12/18 For Rent $8,900 -- --
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 $48,198 $7,170,600 $6,399,235 $771,365
2024 $48,198 $4,577,760 $3,933,507 $644,253
2023 $47,586 $4,488,000 $3,856,379 $631,621
2022 $47,022 $4,400,000 $3,780,763 $619,237
2021 $7,623 $609,332 $55,820 $553,512
2020 $8,220 $603,085 $55,248 $547,837
2019 $7,368 $591,260 $54,164 $537,096
2018 $7,485 $579,667 $53,102 $526,565
2017 $7,262 $568,301 $52,060 $516,241
2016 $7,104 $557,158 $51,039 $506,119
2015 $6,514 $548,789 $50,272 $498,517
2014 $6,481 $538,039 $49,287 $488,752
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24101410

California Regional Multiple Listing Service (CRMLS)

APN: 670-172-10