Going for a discount in Monarch Beach

Make no mistake about it - this is the type of place most of us can only dream about. If you want to pick up one, this might be your chance - a beach-close luxury home is available in Monarch Beach for as much as about $200,000 off the 2004 price.

20 Via Sienna, 92629
Asking price: $2,499,999-$2,600,000
Asking price/ sq ft: $490-$510
Purchase price: $2,677,045
Purchase date: 11/30/04
Size: 5 beds, 5.5 baths, 5,100 sq ft (built in 2004)
MLS: P688020 (76 days on Redfin)
HOA dues: $357
Type: Condominium
Style: Mediterranean
Stories: 2
Lot size: 8,000 Sq. Ft.
From listing: Gorgeous Single Family Home Located In The Exclusive Gate Guarded, Pointe Monarch Community,In Monarch Beach.This Fabulous Home Is Steps Away From The St.Regis Resort & Monarch Links Golf Course.Meander On The Wonderful Walking Path To Salt Creek Beach,Restaurants & More.Only Minutes Away From Dana Point Harbor(More Shops & Restaurants)As Well As San Clemente Pier,Charming,Quaint Laguna Beach & San Juan Capistrano!The Chef In The Family Will Enjoy The Gourmet Kitchen Which Boasts All Top Of The Line Appliances(Dacor,Subzero etc).This Home Is Better Than New With One Of The Largest Lots,A Private Pebble Tech Pool(w/cascading waterfalls),Spa,Built-In Out Door Kitchen,Plantation Shutters,Central Vac,Whole House Surround Sound & Reverse Osmosis Filteration.Each Huge Bedroom Has An Upgraded Private Bath.Enjoy Romantic Evenings In The Master Complete W/Fireplace,Steam Shower,Warming Drawer For Your Towels & Enjoy The Sunsets & View Of The Golf Course From Your Private Deck.Downstairs Suite.

This property came onto the market in May asking $2.9 million. It fell to $2.65 million in early June before completing the journey to its current price at the end of July.

The area is amazing. The house, at least from what we can see in the pictures, is also obviously well done. With this as many other properties, the question is whether someone with the cash to pull off this deal likes what they see.

Assuming the property can be sold at the low end of the asking price range, this would be $177,046 below the previous recorded sales price on Redin in later 2004, not including transaction costs or upgrade dollars spent along the way.