$6,500,000
SOLD DEC 27, 2024
3 Beds
2.5 Baths
2,647 Sq Ft
7,480 Sq Ft Lot

Recently Sold

$2,456 Per Sq Ft

13% Below List Price

212 Days on Market

Highlights

  • Ocean View
  • Gated with Attendant
  • Ocean Side of Highway 1
  • Moulton Elementary Rated A
  • Above Ground Spa
  • Open Floorplan

About This Home

As of December 2024

Welcome to Monarch Bay, one of the premier gated coastal communities in south Orange County. This residence is among the rare remaining mid-century homes in Monarch Bay and was designed by architect Knowlton Fernald Jr. AIA, who is renowned for also designing the original Monarch Bay Community entrance, the Monarch Bay mall, and other significant mid-century homes in Monarch Bay and surrounding premier neighborhoods.
The home’s striking design is set among the highest points in the community providing inspiring Ocean Views down to Salt Creek and the Ritz Carlton. Along with a generous lot and large side yard the property serves well for future desired expansion. The floor plan beckons the ocean breezes and bathes the great room and dining area in natural light while providing a captivating ocean view and an indoor-outdoor lifestyle inclusive of sliding French doors on two sides. This home has been lovingly cared for and regularly maintained during its 58-year history and is now offered for sale for the very first time. Once arriving at the main level, the residence provides a convenient floorplan with a generous ocean view primary suite and full bath, powder room, kitchen and serving bar, with adjacent great room with fireplace and dining area. All these comforts are offered on the same level and open to a large ocean view deck. The lower level offers an ocean view bonus room with office area, vestibule, game area and two additional generous bedrooms, tiled hall bath and inside laundry. The convenient direct entrance from the two-car attached garage and large driveway also provides plenty of parking for guests. Charming outdoor surfer shower, spa area, beach gear storage cubby, garden, and an extra large side yard area that can provide space for an ocean view ADU or expansion. 409 Monarch Bay presents the perfect opportunity to restore or rebuild your dream coastal beach home and offers its residents exclusive membership to the highly sought after amenities at the beach club and additional community amenities. Residents enjoy a 24-hour guard gated community, tennis and pickleball court, community park and playground, dog park, and beach steward to accommodate all beach chair, umbrella, and towel service needs. Additionally, homeowners can utilize the highly acclaimed Monarch Bay Beach Club including a full-service restaurant and bar with folio billing by the Waldorf Astoria. Monarch Bay represents a one of kind community lifestyle and luxury experience.

Last Agent to Sell the Property

Michael Caruso

Christie's International R.E. Southern California Brokerage Phone: 949-584-2300 License #01073919 Listed on: 02/19/2024

Christie's International R.E. Southern California

Co-Listed By

Phillip Caruso

Christie's International R.E. Southern California Brokerage Phone: 949-584-2300 License #01934516

Last Buyer's Agent

Tim Smith

Coldwell Banker Realty License #01346878

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,260

Year Built

  • Built in 1966

Lot Details

  • 7,480 Sq Ft Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Front Yard

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Single Garage Door
  • Garage Door Opener
  • Driveway Up Slope From Street

Property Views

  • Ocean
  • Coastline

Home Design

  • Midcentury Modern Architecture
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,647 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Dry Bar
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace With Gas Starter
  • Plantation Shutters
  • Formal Entry
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Home Office
  • Bonus Room
  • Game Room
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • <<builtInRangeToken>>
  • Range Hood
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Upgraded Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • <<tubWithShowerToken>>

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Low Pile Carpeting

Outdoor Features

  • Above Ground Spa
  • Ocean Side of Highway 1
  • Wood patio
  • Exterior Lighting
  • Front Porch

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 4472
  • Assessor Parcel Number 67015114
  • Seller Considering Concessions

Community Details

Overview

  • Property has a Home Owners Association
  • Monarch Bay Association, Phone Number (949) 833-2600
  • Keystone HOA
  • Monarch Bay Subdivision

Amenities

  • Picnic Area

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Sport Court
  • Community Playground
  • Dog Park

Security

  • Gated with Attendant
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,260

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Gated with Attendant, Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Subdivision Name Other: Monarch Bay (MB)
  • View: Yes
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 67015114
  • Year Built: 1966
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2647.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Dry Bar, Living Room Deck Attached, Open Floorplan, Recessed Lighting
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Accessibility Features: Low Pile Carpeting
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas Starter
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2455.61
  • Room Type: Bonus Room, Formal Entry, Game Room, Kitchen, Living Room, Main Floor Primary Bedroom, Office
  • Spa Features: Private, Above Ground
  • Window Features: Plantation Shutters
  • Bathroom Features: Shower In Tub, Double Sinks In Primary Bath, Soaking Tub, Upgraded

Exterior Features

  • Patio: Yes
  • View: Coastline, Ocean
  • Patio And Porch Features: Deck, Front Porch, Tile, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage - Single Door, Garage Door Opener, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Disposal, Gas Cooktop, Microwave, Range Hood, Refrigerator
  • Heating Type: Fireplace(s), Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Picnic Area, Playground, Dog Park, Tennis Court(s), Sport Court, Trash, Guard, Controlled Access
  • Association Name: Monarch Bay
  • Phone: 949-833-2600
  • Senior Community: No
  • Community Features: Storm Drains, Street Lights
  • Association Management: Keystone

Schools

  • School District: Capistrano Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7480.00
  • Lot Size Acres: 0.1717

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7480.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 423.05
  • Tax Lot: 35
  • Tax Tract Number: 4472

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2024
Closed on
Dec 13, 2024
Sold by
Mcclung Family Survivors Trust and Mcclung Charles E
Bought by
214 Monarch Bay Llc
Seller's Agent
Michael Caruso
Christie's International R.E. Southern California
Buyer's Agent
Tim Smith
Coldwell Banker Realty
List Price
$7,500,000
Sold Price
$6,500,000
Premium/Discount to List
-$1,000,000
-13.33%
Views
95

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.83%

Purchase Details

Closed on
Aug 26, 2019
Sold by
Mcclung Charles E
Bought by
Mcclung Charles E and Mcclung Family Survivors Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,625,000
Interest Rate
3.8%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Dec 4, 2012
Sold by
Mmb Management Llc
Bought by
Mcclung Charlotte W and Mcclung Family Survivors Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 $6,500,000 First American Title Company
Grant Deed $6,500,000 First American Title Company
Interfamily Deed Transfer -- Prc Div Of Placer Ttl Co
Grant Deed -- First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $5,625,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $391,500 Future Advance Clause Open End Mortgage
Previous Owner $370,000 Unknown
Previous Owner $800,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2025 06/15/25 For Rent $15,000 0.0% --
12/27/2024 12/27/24 Sold $6,500,000 -4.4% $2,456 / Sq Ft
08/12/2024 08/12/24 Price Changed $6,800,000 -2.8% $2,569 / Sq Ft
06/09/2024 06/09/24 Price Changed $6,999,000 -6.7% $2,644 / Sq Ft
02/19/2024 02/19/24 For Sale $7,500,000 -- $2,833 / Sq Ft
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 $4,260 $261,478 $118,756 $142,722
2023 $4,165 $256,351 $116,427 $139,924
2022 $4,024 $251,325 $114,144 $137,181
2021 $3,922 $246,398 $111,906 $134,492
2020 $3,729 $243,872 $110,759 $133,113
2019 $3,635 $239,091 $108,588 $130,503
2018 $3,617 $234,403 $106,458 $127,945
2017 $3,491 $229,807 $104,370 $125,437
2016 $3,331 $225,301 $102,323 $122,978
2015 $3,021 $221,917 $100,786 $121,131
2014 $2,906 $217,570 $98,811 $118,759
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24013797

California Regional Multiple Listing Service (CRMLS)

APN: 670-151-14