My Review of 1 Ritz Cove, Dana Point

I showed this listing last week and this is a DEAL ALERT! Best deal of all 10 properties I showed and here’s why you should buy it:

  • LIMITED PRODUCT: The only place in OC that you can take a few short steps to swim in the ocean (without scaling a 5 story house on a cliff) is The Ritz front row, and The Strand front row. Well I should clarify – these are the only two spots that aren’t completely flat like Huntington Beach or Newport’s Peninsula so that you loose views. So you get both views, as well as ability to jump in the ocean without putting on your flip flops to get there.
  • PRICE: It has a long listing history and I think the owner is finally really ready to sell! It was first listed in June 2013 for $18.9 or $2577 a sq ft. Over the years dropped to $16.9, then $16M, then $14M, and now $12.995M!
  • UPDATING: Note that the home needs updating to become “current” but I still think this is a steal of a price. 17 Ritz Cove sold in July 2016 for $12.750 and the new owners tore it down. Note too that lots in The Strand are selling for $11.950 – 35 Strand (Sold in August 2017)

Here’s the link to the listing on my real estate app: http://sa.elliman.com/fs5cmis

Video – over the years it’s been listed with 4 different brokers so there’s been lots of marketing videos and photos done of the property. Here’s one of the earlier videos from 2013: https://youtu.be/MuwRAEvRnr0

Want more info or to set up a showing? Call Danae Aballi for expert buyer representation 714-709-6558.

GetMedia-1.ashx

 

At the time of this posting (4/8/2017) Listed by McMonigole Group Corp.
Danae Aballi CA BRE#01414653. All information deemed reliable but not guaranteed.

The Journey Begins

Thanks for joining me! I am creating this site to document my opinions on Orange County’s Luxury Real Estate. Have you ever read a luxury home paragraph description? It’s full of fluff and doesn’t make any sense. Get to the point. Tell me the facts, and why I should buy this luxury home.. and that’s exactly what I’m going to do in this blog. Here’s a real example…

Earlier this week I showed a buyer a home and it’s MLS description reads, “Inside, an elegant and relaxed atmosphere defines the home. Warm tones, rich materials, and a spacious plan provide the optimal environment for living and entertaining.” Blah blah blah. Could be a copy and paste sentence they use on every listing. I’d prefer to actually say why you should buy it – and that’s what I’m going to do. Real opinions on the properties. Welcome to my blog.

 

Good company in a journey makes the way seem shorter. — Izaak Walton

post