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Sold for $4,550,000 on 05/04/23
  • Listing Provided by: 

    Bryan Gerlach DRE #01906646 949-241-9059,

    Pacific Sotheby’s International Realty,

    Samantha Paez DRE #02155901,

    Pacific Sotheby's Int'l Realty

    Bought with: Watts Team Real Estate
    $4,550,000

    32511 Caribbean Dr, Dana Point, CA 92629

    3beds
    2,555sqft
    Single Family Residence
    Built in 1964
    0.49 Acres Lot
    $5,887,100 Zestimate®
    $1,781/sqft
    $8,048 Estimated rent

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    $28,652/mo

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    What's special

    Situated on a premier view lot in prestigious Monarch Bay Terrace, offering sweeping coastline, ocean and Catalina Island views. The property has just received Dana Point Planning Commission approval to build a cutting edge custom home measuring at 6,597 SqFt, matching the listed renderings. Once built, the new contemporary home with shades of mid century design will be the top of the class in Monarch Bay Terrace, spanning over 2 levels both fully daylighting to panoramic views of the Pacific Ocean. Starting from the dramatic entrance across a suspended bridge over the subterranean courtyard, you enter upon a large scale open floor plan with walls of glass and lofty ceilings, which encompass the expansive living and dining area and kitchen. The Entire south wing of the main level is a true primary suite with extensive ocean views both West and South. Downstairs are 3 more large bedrooms, all ensuite, with a large central living room. All rooms open to the outdoors either on the large yard facing the jetliner ocean views, or the lush interior courtyard.This floor plan flows freely to a fabulous rear yard offering over 2,000 sqft of outdoor living space focused around a modern spa and baja shelf. Currently sitting upon the incredible lot is a 3-bedroom 3 bath home, sitting on a 21,000+ square foot lot, which is a generous 103' wide, with the flat usable/buildable portion measuring at approx 10,000 SqFt. This is truly a one of a kind opportunity to remodel or build your dream home. A coveted location close to award-winning resorts, renowned beaches, incredible shopping, and only minutes from the Dana Point Harbor and Laguna Beach!

    Zillow last checked: 8 hours ago

    Listing updated: May 04, 2023 at 10:53am

    Listing Provided by:

    Bryan Gerlach DRE #01906646 949-241-9059,

    Pacific Sotheby’s International Realty,

    Samantha Paez DRE #02155901,

    Pacific Sotheby's Int'l Realty

    Bought with:

    Patrick Parry, DRE #01829479

    Watts Team Real Estate

    Source: CRMLS,MLS#: LG23013754MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 3
    • Main level bedrooms: 3
    Heating
    • Forced Air
    Cooling
    • None
    Appliances
    • Laundry: Inside, Laundry Room
    Features
    • Open Floorplan, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Multiple Primary Suites, Walk-In Closet(s)
    • Flooring: Stone
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 2,555 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Attached garage spaces: 2
    • Uncovered spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Has spa: Yes
    • Spa features: In Ground
    • Has view: Yes
    • View description: Catalina, City Lights, Coastline, Ocean, Panoramic, Water
    • Has water view: Yes
    • Water view: Coastline,Ocean,Water
    • Waterfront features: Ocean Side Of Freeway
    Lot
    • Size: 0.49 Acres
    • Features: Value In Land
    Details
    • Parcel number: 67005303
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Mid-Century Modern
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Storm Drain(s), Street Lights, Suburban, Sidewalks
    Location
    • Region: Dana Point
    • Subdivision: Monarch Bay Terrace (Mbt)

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $420 annually
    • Amenities included: Other
    • Association name: Monarch Bay Terrace
    • Association phone: 949-833-2600

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional
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    Estimated market value
    $5,887,100