Friday listings dump

Here are some of the more interesting South OC properties to hit the market this week that we haven't had a chance to individually profile.

6 Cameo Drive, Aliso Viejo, 92656
Asking price: $475,000
Size: 3 beds, 2.5 baths, 1,580 sq ft
Previous sales price: $775,000
Previous sales date: 6/22/05
Listing description snippet: "This property is in move-in condition with many upgrades and an excellent view of the hills & city lights."
Our comment: How's a 39% discount sound? See if you can make that short sale happen...

533 Lombardy Lane, Laguna Beach, 92651
Asking price: $699,900
Size: 2 beds, 1 bath, 1,150 sq ft
Previous sales price: $674,920
Previous sales date: 10/8/08
Listing description snippet: 'Desirable beach front bungalow, excellent opportunity for a full time resident or vacation home! "
Our comment: Here's your chance to get into Laguna Beach by purchasing this corporate-owned home...only $609 per square foot!

33762 Orilla Road, Dana Point, 92629
Asking price: $950,000
Size: 6 beds, 6 baths, 2,800 sq ft (2 condos)
Previous sales price: $395,000
Previous sales date: 3/23/04
Listing description snippet: "Great opportunity for a savvy investor, appraised $1,400,000 went finished, subject property is an incomplete two condominium project."
Our comment: This reminds us of the NBA draft - if you even think about paying the asking price, you're buying based on potential.

2807 Canto Nubiado, San Clemente, 92673
Asking price: $1,199,000
Size: 5 beds, 3 baths, 3,200 sq ft
Previous sales price: $1,240,000
Previous sales date: 7/10/08
Listing description snippet: "This home is unbelieveable and pristeen! Gorgeous distress hardwood floors,high beamed ceilings, crown molding throughtout and seperate guest suite downstairs"
Our comment: Four typos in the two sentences above - five if you include an instance of improper spacing.

33 Portalon Court, Ladera Ranch, 92694
Asking price: $1,275,000
Size: 4 beds 3.5 baths, 2,900 sq ft
Previous sales price: $1,406,000
Previous sales date: 12/16/05
Listing description snippet: "Corner lot in Las Piedras - Covenant Hills. Tuscan style single story offers a private feel with 10 sets of french doors opening to front/rear patios. Home designed for outdoor living and entertaining."
Our comment: This house also is available for lease at $5,500 per month. We'll assume the owners are totally loaded and they plunked down a hunk of cash even though they bought during the bubble, because if they put "just" 20% down on this property, their monthly expenses should easily be $7,000+.