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34571 Camino Capistrano
Dana Point, CA 92624
Emma Willett with Front Street Realty and Mtg, original listing - (877) 452-3372
$11,995,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
5809 Square Feet
Property Description
Welcome to 34571 Camino Capistrano, a rare and majestic bluff-top estate in the heart of Dana Point’s luxury coastal landscape. This unparalleled ocean view beach home offers dramatic panoramas that span from the Dana Headlands to the southernmost coastline, encompassing the San Clemente Pier and, on clear days, stretching all the way to Mexico. Upon arrival, enjoy the privacy of mature landscaping and a peaceful courtyard. Once inside, you are immediately greeted by sweeping ocean views within an open great room that seamlessly transitions to a spacious backyard. The meticulously landscaped garden frames stunning ocean vistas and adds privacy, providing a tranquil outdoor retreat and a breathtaking backdrop for daily living. The main level of the home also features four bedrooms, including two ocean-facing rooms with en suite bathrooms. Ascend to the next level, where floor-to-ceiling windows showcase impressive ocean views throughout the grand primary suite, office, and living room. The primary bedroom and living room both open to a spacious deck, ideal for savoring endless sunsets over Catalina island. This level also features a spacious kitchen and dining room, designed to maximize the uninterrupted vistas, ensuring that every space enjoys backdrops of the Pacific Ocean. A unique feature of the estate's design is the subterranean level, where you will find an expansive four-car garage, a versatile flex room with potential for a gym or entertainment space, ample storage areas, and a laundry room. With approximately 5,809 square feet of luxurious living space, this home is truly a haven of tranquility and grandeur that must be experienced in person. Another unique feature is the remarkable rooftop deck, perfect for entertaining while taking in miles of scenic coastline. With an unparalleled location directly above Doheny State Beach the Dana Point Harbor, enjoy intimate views of sailboats gliding by, surfers riding waves, and incredible year-round sunsets. The ongoing $600-million revitalization of Dana Point Marina further enhances the area’s appeal, promising significant future value and improvements. With its unparalleled location, expansive layout, and breathtaking views, this coastal bluff top estate in Capistrano Beach is a once-in-a-lifetime opportunity that demands special attention.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1994
MLS Number
--
Location
Address
34571 Camino Capistrano
City
Dana Point
State
CA
Zip Code
92624
County
ORANGE (SOUTH)
Listing
Name
Phone
(949) 201-8592
Office Name
Office Phone
(877) 452-3372
Agent Name
Emma Willett
Agency Phone
(877) 452-3372

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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.