$4,995,000

Estimated payment $31,608/month

Total Views 50,053
0.3 Acre
$16,655,552 Price per Acre
13,064 Sq Ft Lot

Highlights

  • Ocean Front
  • Ocean Side of Highway 1
  • No HOA
  • Marco Forster Middle School Rated A-
  • 0.3 Acre Lot
  • Wood Fence

About This Lot

SELLERS WILL ENTERTAIN 1/3-1/2 INVESTOR OR GROUP TO DO A JOINT VENTURE FOR THIS BLUFF FRONT HOTEL DEVELOPMENT OPPORTUNITY OVERLOOKING THE INCOMPARABLE DANA POINT HARBOR.CURRENT SELLER PLANS ARE FOR APPROX. 17000 SQ.FT. PREMIUM 8 LUXURY VILLAS (2 BEDROOM 2 BATH APPROX. 1500-1700 SQ. FT. EACH, ON ONE LEVEL) WITH SPACIOUS PRIVATE DECKS AND INCREDIBLE OCEAN, HARBOR AND COASTLINE VIEWS.WITH OVER 2.5 MILLION VISTORS ANNUALLY, DANA POINT HAS SOME OF THE HIGHEST OCCUPANCY RATES IN CALIFORNIA DUE TO ITS SMALL TOWN CHARM,STRIKING VIEWS,BEACH ACCESS,WATER ACTIVITIES,ANNUAL ENTERTAINMENT,PREMIER RESTURANTS AND MUCH MORE.THE HARBOR AREA IS CURRENTLY UNDERGOING A 5 YEAR, 600 MILLION DOLLAR RENOVATION WHICH WILL FURTHER INCREASE THE VALUE OF THIS LAND AND ITS DEVELOPMENT POTENTIAL.HOTEL GUEST WILL ENJOY WALKABLE ACCESS TO THE HARBOR ACTIVITIES,COASTAL HIKING TRAILS,STRANDS BEACH AND THE NEWLY DEVELOPING DOWNTOWN LANTERN VILLAGE.RESTURANT PATRONS WILL ENJOY THE SAME COASTAL ACTIVITIES,ARTS,ENTERTAINMENT AND SHOPPING.DO NOT MISS THIS TRULY ONCE IN A LIFETIME OPPORTUNITY TO OWN A PIECE OF THE MOST ICONIC BLUFF FRONT LAND IN ALL OF THE SOUTHERN CALIFORNIA RIVIERA. UPDATE: AS OF 10/30/2024 THE DANA POINT CITY COUNCIL (IN A 5-0 VOTE) APPROVED A 51 UNIT HOTEL WITH ROOFTOP POOL, BAR, AND LOUNGING AREA FOR THE PARCEL AT THE CORNER OF COVE ROAD AND GREEN LANTERN OF ALMOST IDENTICAL SQUARE FOOTAGE.THE FIRST NEW PROJECT TO BE APPROVED ON THE BLUFF IN 40+ YEARS.ANY INVESTORS WHO CAN APPLY FOR A ZONING CHANGE BASED ON WHAT IS GOING ON IN CALIFORNIA, AND THAT THE AREA HAS RESIDENTIAL, MULTI FAMILY, AND COMMERCIAL THIS LOT WOULD BE WORTH 2.5 WHAT IT IS LISTED FOR ??? GREAT OPPORTUNITY

Listing Agent

Kay Wahlin

Kendra Wahlin, Broker Brokerage Phone: 949-433-4300 License #01031355 Listed on: 02/05/2022

Property Details

Property Type

  • Land

Lot Details

  • 0.3 Acre Lot
  • Ocean Front
  • Wood Fence
  • Property is zoned COMMERCIAL

Property Views

  • White Water Ocean
  • Coastline
  • Harbor
  • Panoramic
  • City Lights
  • Bluff

Additional Features

  • Suburban Location
  • No Utilities

Listing and Financial Details

  • Assessor Parcel Number 67223404
  • $62 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Lantern Village South Subdivision

Recreation

  • Ocean Side of Highway 1

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Subdivision Name Other: Lantern Village South (LDS)
  • View: Yes
  • Zoning: COMMERCIAL
  • Property Type: Land
  • Parcel Number: 67223404
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 382.38

Exterior Features

  • View: Bluff, City Lights, Coastline, Harbor, Ocean, Panoramic, Water, White Water
  • Fencing: Wood

Utilities

  • Utilities: None
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Bluff, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13063.00
  • Lot Size Acres: 0.2999

Multi Family

  • Lot Size Area: 13063.0000 Square Feet
  • Waterfront Features: Ocean Front, Ocean Side Of Highway 1

Tax Info

  • TaxOtherAnnualAssessmentAmount: 62.00

Map

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2022 02/05/22 For Sale $4,995,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22023360

California Regional Multiple Listing Service (CRMLS)