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34385 Dana Strand Road
Dana Point, CA 92629
$11,595,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
4537
Property Description
Perched atop Dana Point's historic Headlands, Residence B immerses you in unmatched ocean vistas from San Diego to Palos Verdes, blending modern luxuries with coastal elegance. This home stands apart due to a major remodel in 2017 and subsequent upgrades in 2021 and 2023, setting a new benchmark in coastal luxury living. As the largest floorplan in the community, this recently remodeled home boasts today's most desired features, offering bespoke living at the Pacific Ocean's edge. The unparalleled views span from San Diego, across crashing waves and sandy shores, to Catalina and north to Palos Verdes. This approximately 4,537 SF home includes three en-suite bedrooms and three-and-a-half baths. Upon entering through the gated entrance and double doors, you're greeted by a breathtaking foyer with an immediate ocean view, a Quintus chandelier, and a J.H. Minasian silk rug. Many hand-picked furnishings, included in the residence, are from top designers such as Roche Bobois, Cantoni, Holly Hunt, Shine by Sho, Ziething, and Jonathan Franc. The ocean-view dining room is accentuated by a custom glass wall panel, while the great room showcases vast windows, a linear fireplace, and a balcony with beach views. The state-of-the-art kitchen shines with beautiful quartz countertops, a sizable island, a walk-in pantry, and built-in appliances from Sub-Zero, Wolf, and Miele, including a coffee station, steam oven, and microwave/convection oven. Just steps above the main kitchen, discover a butler's pantry and a glass-enclosed, temperature-controlled wine room with a 567-bottle capacity. On the other wing, a chic home theater boasts over $156,000 in top-tier AV equipment and a built-in concessions cabinet. The primary suite offers mesmerizing ocean views, Thomas Lavin wall coverings, a standalone tub, built-in vanity, quartz countertops, and a spacious walk-in closet with custom California Closets built-ins. A new glass and steel staircase descends to the lower level, which invites relaxation in the family room, workouts in the gym that features an attached full bath, or outdoor enjoyment in the fully renovated backyard with an above-ground spa. The residence concludes with a seven-car custom-style garage, private with a separate garage door and access to the lower level.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1990
MLS Number
NP23184653
Location
Address
34385 Dana Strand Road
City
Dana Point
State
CA
Zip Code
92629
County
ORANGE (SOUTH)
Listing
Provider
Coldwell Banker Residential Brokerage, original listing
Name
Coldwell Banker Residential Brokerage
Phone
(800) 500-4053
Office Name
Coldwell Banker Realty
Office Phone
(949) 644-1600
Agent Name
Tim Smith

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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.