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.

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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.