NOT LISTED FOR SALE

88 Ritz Cove Dr Dana Point, CA 92629

Estimated Value: $5,376,000 - $6,858,979

4 Beds
6 Baths
5,416 Sq Ft
$1,153/Sq Ft Est. Value

Last Sold June 03, 2021

Last sale price $3,775,000 $697 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $38,543/month

18 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Private Pool
  • Moulton Elementary Rated A
  • 24-Hour Security
  • Primary Bedroom Suite

About This Home

As of June 2021

A block and a half from one of the most beautiful beaches in the world, you will find 88 Ritz Cove.  This is a delightful soft contemporary home that is elegantly designed, and the property exudes taste and functionality.  Located in guard-gated Ritz Cove, the only south Orange Coast community surrounded by a golf course, two world class Five Star Resorts, the Ritz Carlton and the Waldorf Astoria, plus two parks, Ritz Cove is a dream.  Only 101 homes and lots, the community is intimate and you have endless trails to the beach, the hotels, the parks and the golf course.  Relax in the lovely large living room and enjoy cooking in a fabulous kitchen with professional appliances.  You will also find a large island where you can gather and an adjoining dining area; both are bright and open to the surroundings. Four generous bedrooms and a huge office/Great Room area can also serve as a fifth bedroom if you prefer.  The magnificent hand-crafted steel staircase to the second floor is a work of art.  A wonderful nook for books and collectibles lies behind the kitchen, and there is also a secondary office/Zoom Room on the second floor.  The lower level boasts a 5 car subterranean garage, a wine room and a large laundry room.  This is a treat when you live by the beach! Having this extra space is a dream.  A tropical pool and spa lie in backyard next to the BBQ center.  Enjoy entertaining, music, the waterfalls and swimming!

Last Agent to Sell the Property

Suzi Dailey

Realty ONE Group West License #01746768 Listed on: 04/15/2021

Realty ONE Group West

Co-Listed By

Patrick Dailey

Realty One Group West License #01929664

Last Buyer's Agent

Robert Wolff

Harcourts Prime Properties License #01053562

Harcourts Prime Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,476

Year Built

  • Built in 2001

Lot Details

  • 9,000 Sq Ft Lot
  • Front Yard

HOA Fees

  • $725 Monthly HOA Fees

Parking

  • 5 Car Attached Garage

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Planned Development

Interior Spaces

  • 5,416 Sq Ft Home
  • Open Floorplan
  • Dual Staircase
  • Built-In Features
  • Bar
  • Crown Molding
  • High Ceiling
  • Recessed Lighting
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Home Office
  • Bonus Room
  • Laundry Room

Kitchen

  • Open to Family Room
  • Walk-In Pantry
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Beach Access
  • Balcony
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 13103
  • Assessor Parcel Number 67247109

Community Details

Overview

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

Security

  • 24-Hour Security
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,476

Year Built

Built in 2001

Lot Details

0

HOA Fees

$725 per month

Parking

5

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: 24 Hour Security, Gated with Attendant
  • Subdivision Name Other: Ritz Cove (RC)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 67247109
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5416.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Bar, Built-in Features, Crown Molding, Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 697.01
  • Room Type: All Bedrooms Up, Bonus Room, Family Room, Living Room, Master Bedroom, Master Suite, Office
  • Spa Features: Private
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Walk-In Pantry

Exterior Features

  • View: Ocean, Peek-A-Boo
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Guard, Security, Controlled Access
  • Association Fee: 725.00
  • Association Fee Frequency: Monthly
  • Association Name: Ritz Cove
  • Phone: 949.481.0555
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks, Street Lights
  • Association Management: Ritz Cove

Schools

  • School District: Capistrano Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 9000.00
  • Lot Size Acres: 0.2066

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 9000.0000 Square Feet
  • Number Of Units In Community: 101
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access

Tax Info

  • Tax Census Tract: 423.23
  • Tax Lot: 4
  • Tax Tract Number: 13103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
Jun 3, 2021
Sold by
Joseph Caliendo Theodore
Bought by
Caliendo Sylvia R
Seller's Agent
Suzi Dailey
Realty ONE Group West
Buyer's Agent
Robert Wolff
Harcourts Prime Properties
List Price
$3,995,000
Sold Price
$3,775,000
Premium/Discount to List
-$220,000
-5.51%
Current Estimated Value
$6,245,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,470,495
Avg. Annual Appreciation
12.80%
Original Mortgage
$1,775,000
Outstanding Balance
$1,607,041
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$4,638,454

Purchase Details

Listed on
Apr 15, 2021
Closed on
May 6, 2021
Sold by
Caliendo Sylvia R and Doctor Theodore
Bought by
Fitzsimmons Chad and Fitzsimmons Stacy
Seller's Agent
Suzi Dailey
Realty ONE Group West
Buyer's Agent
Robert Wolff
Harcourts Prime Properties
List Price
$3,995,000
Sold Price
$3,775,000
Premium/Discount to List
-$220,000
-5.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,775,000
Outstanding Balance
$1,607,041
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$4,638,454

Purchase Details

Closed on
Jun 3, 2019
Sold by
Caliendo Theodore J and Caliendo Sylvia R
Bought by
Doctor Theodore And Syva Caliendo Liv Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,424,992
Interest Rate
4.2%
Mortgage Type
VA

Purchase Details

Closed on
Jul 20, 2004
Sold by
Caliendo Theodore J and Ednoff Sylvia
Bought by
Caliendo Theodore J and Caliendo Sylvia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.94%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 14, 1999
Sold by
Kathy Schell
Bought by
Caliendo Theodore J and Ednoff Sylvia

Purchase Details

Closed on
Oct 4, 1996
Sold by
Mark Schell Robert and Lynn Kathy Lynn
Bought by
Schell Kathy Lynn

Purchase Details

Closed on
Jan 3, 1994
Sold by
Gardiner Wallace L and Gardiner Clara M
Bought by
Schell Robert Mark and Schell Kathy Lynn
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
Caliendo Sylvia R -- --
Fitzsimmons Chad $3,775,000 First Amer Ttl Co Res Div
Caliendo Sylvia R -- --
Doctor Theodore And Syva Caliendo Liv Tr -- Title Source Inc
Caliendo Theodore J -- Title Source Inc
Caliendo Theodore J -- --
Caliendo Theodore J $540,000 First American Title Ins Co
Schell Kathy Lynn -- First American Title
Schell Robert Mark -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fitzsimmons Chad $1,775,000
Previous Owner Caliendo Theodore J $1,424,992
Previous Owner Caliendo Theodore J $200,000
Previous Owner Caliendo Ted $200,000
Previous Owner Caliendo Theodore J $266,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2021 06/03/21 Sold $3,775,000 0.0% $697 / Sq Ft
04/30/2021 04/30/21 Rented $12,000 0.0% --
04/26/2021 04/26/21 For Rent $12,000 -99.7% --
04/22/2021 04/22/21 Under Contract -- -- --
04/15/2021 04/15/21 For Sale $3,995,000 -- $738 / 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
2025 $43,476 $4,089,822 $2,600,849 $1,488,973
2024 $43,476 $4,009,630 $2,549,852 $1,459,778
2023 $42,451 $3,929,960 $2,499,855 $1,430,105
2022 $41,330 $3,850,500 $2,450,838 $1,399,662
2021 $20,608 $1,900,962 $782,104 $1,118,858
2020 $20,549 $1,881,470 $774,084 $1,107,386
2019 $20,106 $1,844,579 $758,906 $1,085,673
2018 $19,642 $1,808,411 $744,025 $1,064,386
2017 $19,174 $1,772,952 $729,436 $1,043,516
2016 $18,790 $1,738,189 $715,134 $1,023,055
2015 $18,364 $1,712,080 $704,392 $1,007,688
2014 $18,040 $1,678,543 $690,594 $987,949
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG21077126

California Regional Multiple Listing Service (CRMLS)

APN: 672-471-09