It didn't take very long. This Capistrano Beach (Dana Point) luxury home is already in the "backup offers accepted" stage after only 20 days on Redfin. The secret? Great location, great view and a great house in general combined with a large discount from the peak price paid almost three years ago.
26855 Calle Real, Dana Point, 92624
Asking price: $1,699,999-$1,799,000 (Redfin range)
Asking price/ sq ft: $378
Income requirement: $449,750
Purchase price: $2,050,000
Purchase date: 5/20/2005
Size: 4 beds, 5 baths, 4,500 built in 2004
Income requirement: $449,750
Purchase price: $2,050,000
Purchase date: 5/20/2005
Size: 4 beds, 5 baths, 4,500 built in 2004
2006 property tax: $22,206
Type: Single Family Residence
Type: Single Family Residence
Style: Contemporary
Stories: Three or More LevelsLot size: 6,050 sq ft
From listing: THIS IS THE BEST BUY IN CAPO BEACH. .. .BAR NONE! THIS IS A TRUE CAPO BEACH OCEANVIEW CUSTOM HOME WITH ATTENTION TO DETAIL AMD EXQUISITE FININSHING THROUGHOUT THIS 4 BEDROOM 5 BATH AND YES 5 CAR GARAGE PLUS ROOM FOR BIKES, MOTOCYCLES AND SEA DOOS. GOURMET KITCHEN W/ VIKING APPLIANCES, CENTER ISLAND W/ WINE FRIDGE. CUSTOM CROWN MOULDING, TRAVERTINE, LIMESTONE THROUGHOUT ENTIRE HOME INCLUDING FULL BATH IN GARAGE. OVERSIZED OCEANVIEW MASTER SUITE W/ RETREAT/NURSERY/OFFICE OR GYM, FIREPLACE W/ A MASTER BATH FIT FOR A KING OR QUEEN WITH VANITY AND A WALKIN LARGER THAN MOST BEDROOMS WITH YEAS ANOTHER OF 4 OCEANVIEW DECKS. THE ROOFTOP DECK HAS OCEANVIEWS AND SPECTACULAR SUNSETS. OCEANVIEW BONUS ROOM W/ COFFERED CEILINGS & ANOTHER OCEANVIEW. SELLER PAID OVER 2 MILLION FOR THIS MASTERPIECE. COULDN'T BE DUPLICATED FOR UNDER 2.2.. .PLEASE HURRY !!! UNDER $400 PER SQ FT. .. BRING YOUR EXPERT AND SEE IF THEY AGREE. VIEW AT WWW. 26855CALLEREAL. COM
Straight Digs told us recently the MLS has begun to allow for longer listings. Some are clearly taking advantage of the new-found space.Obviously, there's nothing bad you can say about an incredible place like this. For the right person (with the dough to back it up) this is certainly a dream home. The surprising part is that even a high-end house like this could fall victim to the down market.
Assuming the buyer was willing to pay the top asking price of $1,799,000, the transaction would represent a decline of $358,940 from the previous sale in 2005, including 6% sales costs. If they drove a tough deal and instead were able to pick up the property for the low asking price of $1,699,000, then the loss would amount to $452,940.
5 comments:
Thanks for the mention South OC. Good job finding the key to selling in this market . . . a great home at a discount.
Btw, this one beat out stiff competition. In Capo alone there are at least 3 homes with ocean views, similar square footage, priced lower (also newer construction).
Interesting price cut - although I would hardly call it a "great location". Are you familiar with the area? Nice home, mediocre view. This seems like a bargain when compared to 2006 market prices, but realistically, that home is still overpriced at 1.6 mm.
You're right - the specific area isn't the greatest - by great location I meant close to the ocean.
You know, it just kills me, not only the prices, but also the property taxes on these lofty priced homes. Who is buying them?
Someone paying all cash!
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