
Dana Point, California 92629
This High-Potential Investment Opportunity is listed at $3,195,000, positioned well below the $3,331,502 Fair Market Value by 4%. This valuation gap offers $136,502 in Instant Equity. Featuring a Condition Rating of 3, the home offers unobstructed panoramic ocean views and access to top-rated schools like El Morro Elementary. While the property invites cosmetic modernization, its prime location in Monarch Bay Villas makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a legacy coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23297 Pompeii Drive Subject 3 bd · 3 ba · 2,045 sqft · $1,491 | $2,995,000* List Price | 3 | 3 | 2,045 | $1,491 | - |
A 44 San Raphael Sold 3 bd · 3 ba · 2,117 sqft · $1,134 · 0.5 mi | $2,400,000 | 3 | 3 | 2,117 | $1,134 | 0.5 mi |
B 23731 Colima Bay Sold 2 bd · 2 ba · 1,542 sqft · $1,848 · 0.9 mi | $2,850,000 | 2 | 2 | 1,542 | $1,848 | 0.9 mi |
C 23294 Atlantis Way Active Under Contract 3 bd · 3 ba · 1,858 sqft · $1,588 | $2,950,000 List Price | 3 | 3 | 1,858 | $1,588 | - |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1973, the property has been well-maintained and features updates that make it move-in ready. The kitchen includes modern stainless steel appliances and stone countertops, and the bathrooms are clean and functional with updated subway tiling.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The property captures a sweeping, unobstructed panorama of white-water ocean views, Salt Creek Beach, Monarch Beach Golf Links, and city lights, visible from nearly every room.
Offered at the lowest price per square foot for a three-bedroom ocean-view home in Monarch Beach, this residence represents a rare and high-value investment opportunity in a premier coastal enclave.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3500, other record lot size in square feet = 377733.
Held by the same owner since 1994, the 1973-built home likely requires significant aesthetic updates or a full remodel to meet modern luxury standards.
The $675 monthly association fee represents a substantial recurring expense that may impact the overall affordability for some prospective buyers.
Offered at the lowest price per square foot of any 3 Bedroom ocean view home in Monarch Beach, 23297 Pompeii Drive presents a rare and not-to-be-missed opportunity within the coveted gated enclave of Monarch Bay Villas. Ideally positioned along one of Monarch Beach's most sought-after vantage points, the residence captures a sweeping, unobstructed panorama spanning Saddleback Mountain, Monarch Beach Golf Links, rolling coastal hillsides, shimmering city lights, the Waldorf Astoria, the Ritz-Carlton, and unparalleled white-water ocean views overlooking Salt Creek Beach. The position, elevation and views of this unique residence are unparalleled and cannot be replicated in today's market. Encompassing approximately 2,045 square feet, this 3-bedroom, 2.5-bathroom home features a highly desirable floor plan with expansive living spaces that offer views from every vantage point. A welcoming foyer opens to light-filled interiors, including formal dining, a breakfast nook, and both living and family rooms, creating a seamless flow for everyday living and refined entertaining. Outdoor patio and deck spaces extend the living experience, offering a front-row setting to the surrounding coastal landscape, while an oversized two-car garage provides added functionality rarely found within the community. Held by the same ownership since 1994, this is a true legacy offering—defined by its scale, positioning, and remarkable views. Whether thoughtfully updated or reimagined into a custom coastal retreat, the opportunity is both immediate and enduring. Monarch Bay Villas residents enjoy the privacy and security of a gated community, along with access to a community pool, spa, clubhouse, billiards room, fitness room, dry sauna, restrooms, open green spaces, and barbecue area. With direct-trail access, you are mere moments away from world-class beaches, shopping, fine dining, premier resorts, and the best of Dana Point's vibrant lifestyle. This is more than a home—it's a legacy waiting to be embraced.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.5 mi
Grades K-5 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,045 | 2,329.291 |
| Lot Size | 3,500 | 6,405.089 |
| Price | $3.00M | $2.60M |
| Price per sq ft | $1.5K | $1.2K |
| Built year | 1973 | 1978 |
| HOA | $675.0 | $370 |
| Days on market | 29 | 58 |
Oct 14, 2026
$2,995,000
$3,195,000
-6% Price Drop
Initial Listing
Sep 26, 2026
$3,195,000
Initial Listing