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3000 Ocean Boulevard
Corona Del Mar, CA 92625
$16,950,000
Conventional
Property
Bedroom
5
Bathroom
7
Property Type
Conventional
Square ft
4572
Property Description
Located on an exceptional corner lot overlooking the harbor entrance, this stunning newly built home has panoramic views of the deep blue waters of the Pacific and golden sunsets over Catalina Island. 3000 Ocean Boulevard was inspirationally designed by renown local architect Cynthia Childs. She is known to create authentic traditional style homes with today’s most modern design elements and amenities. This home is a culmination of her talents and experience and shows exceptional modern traditional styling, functionality and character. The interiors were designed and curated by Kelly Nutt, another local favorite. Kelly shows off her true talents with exquisite details throughout the home in the carpentry design, color palette, and stylish furnishings. The home was masterfully built by Neil Longman Construction. The home has four levels with a stunning rooftop deck, and they are all serviced by a light-filled staircase and an elevator. The open floor plan allows all main level rooms to spill out to the view side covered porch. With door systems open, this home allows for easy indoor/outdoor living from the great room, dining room and kitchen. The second level has four bedrooms, all with ensuite bathrooms. The primary bedroom has stunning views with a private balcony with chairs and a firepit to enjoy viewing the outside activity and spectacular sunsets. There is also a small office and a convenient laundry room outside the primary bedroom. One of the secondary bedrooms is set up as a junior primary bedroom. The basement is a unique surprise for Corona del Mar. The subtle brick walls complement the basement’s large area for entertaining, and includes an area big enough for a ping pong table, a bar / kitchen, a shuffleboard table, and large sectional sofa. The basement also houses the fifth bedroom which has a beautiful set of custom-made built-in bunk beds and a bathroom. The views only get bigger and better from the rooftop deck. The deck includes a spa, firepit with seating area and ample space for dining and additional seating for relaxing and entertaining. The roof deck is finished off with a built-in barbeque that includes a sink, refrigerator and ice maker. The home has a side-by-side 3-car garage accessed off Iris Avenue. This allows an easy approach to the garage and an additional two car spaces in front of the garage on the street. Please contact Kevin Kubiak with Arbor Real Estate at 949.874.4706 for showing or additional information.
Property Information
Lot Size
4,200 sqft square ft
Property Type
Residential
Year Built
2019
MLS Number
NP24070968
Location
Address
3000 Ocean Boulevard
City
Corona del Mar
State
CA
Zip Code
92625
County
ORANGE (SOUTH)
Listing
Provider
Arbor Real Estate Professionals, original listing
Name
Arbor Real Estate Professionals
Phone
(949) 235-8921
Office Name
Arbor Real Estate
Office Phone
(949) 673-7600
Agent Name
Kevin Kubiak

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.