23731 Colima Bay, Dana Point, California 92629, Dana Point, 92629 - 2 bed, 2 bath
23731 Colima Bay
Dana Point, California 92629
Property Price
SUMMARY
Analysis of 23731 Colima Bay, Dana Point, California 92629 reveals a property with a current list price of $3,100,000, which is 17% above the estimated $2,637,061 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Dana Point Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23731 Colima Bay Subject | $3,100,000* List Price | 2 | 2 | 1,542 | $1,710 | - |
A 23782 Perth Bay Sold | $2,610,000 | 3 | 2 | 1,758 | $1,485 | 0.2 mi |
B 23835 Bluehill Bay Sold | $3,300,000 | 3 | 2 | 1,754 | $1,881 | 0.1 mi |
C 23915 Danzig Sold | $2,300,000 | 3 | 2 | 1,589 | $1,447 | 0.9 mi |
D 33611 Flying Jib Drive Sold | $2,800,000 | 3 | 2 | 1,482 | $1,889 | 0.4 mi |
E 24135 Windward Drive Sold | $2,700,000 | 3 | 2 | 1,515 | $1,782 | 0.4 mi |
F 23742 Colima Sold | $2,795,000 | 3 | 2 | 1,684 | $1,660 | 0.9 mi |
G 75 Palm Beach Court Active | $3,180,000 List Price | 3 | 2 | 1,641 | $1,938 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This property underwent a full, high-quality remodel in 2012, placing the renovation at 12 years old. This aligns perfectly with the 'Good' criteria of being 'extensively renovated within 5 to 15 years.' The kitchen features high-end Subzero and Wolf appliances, custom cabinetry, and a functional open layout, all appearing in excellent condition. Bathrooms are well-appointed with quality tile work, modern vanities, and show minimal wear. The home is move-in ready with central heating/cooling, well-maintained flooring, and no visible deferred maintenance. While the quality of the renovation is exceptional, its age (12 years) means some aesthetic elements, though well-preserved, may not reflect the absolute latest trends, preventing a 'Excellent' rating which typically implies a more recent renovation (within 5 years) or brand-new construction.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
- Prime Guard-Gated Ocean-Close Community
Located in the prestigious 24-hour guard-gated Niguel Shores, offering exclusive beach access, resort-style amenities (pool, spa, tennis, clubhouse), and proximity to world-class resorts, Salt Creek Beach, and Dana Point Harbor.
- Single-Level Living & Open Concept Remodel
Features true single-level living with no interior steps, fully remodeled in 2012 to create a generous open-plan living space with vaulted ceilings and abundant natural light, enhancing accessibility and modern appeal.
CONSRISKS & DEFICIENCIES
- Modest Square Footage for Price Point
At approximately 1,542 sqft, the home offers a relatively compact living space for its premium $3.1 million price tag, which may not meet the expectations of all luxury buyers in this market.
- Remodel Age
While fully remodeled, the renovation was completed in 2012, meaning some aspects of the design and finishes are now 12 years old and may not reflect the absolute latest trends or require minor updates for a truly contemporary feel.
- Limited Direct Ocean Views
Despite being in an 'oceanfront community' and 'ocean close,' the property's listed view is 'Courtyard,' suggesting it does not offer direct ocean views from the home itself, which could be a consideration for buyers seeking panoramic coastal vistas.
About 23731 Colima Bay
Welcome to this exceptional single-level home nestled in the prestigious 24-hour guard-gated oceanfront community of Niguel Shores. Ideally situated on a private lot within a serene cul-de-sac, this approximately 1,520 sqft residence offers true single level living with no interior steps where combined style & functionality create the perfect 'ocean close' retreat. following a full remodel in 2012 our owners set out to design a floor plan that allowed a generous open plan living space & wonderfully private, sun filled outdoor area, perfect for entertaining. The open airy kitchen, dining & living spaces with vaulted ceilings offer an abundance of natural light. The spacious kitchen layout allows the 'chef' to easily be included with guests! Additionally clever window design allows direct access to serve the outdoor BBQ/bar area. Included ‘Subzero’ built in fridge freezer, ‘Wolf’ oven & steam oven, custom built in refrigerated wine cabinet, 2 custom window features, display cabinets with lighting, an abundance of storage & a versatile center island. In the living area a stone feature fireplace accompanies recessed built in cabinetry offering additional storage & display. The Primary suite is beautifully designed for privacy, including a generous bathroom suite with classic tile features including the generous shower & walk-in closet. The secondary bedroom offers direct access to the rear patio through slider doors. A separate home office is situated off the dining space to be close to the heart of the home or simply close the door & forget about work for the day! Additional highlights include interior plantation shutters, central heating & cooling, an oversized two-car garage with 'stackable' washer & dryer, epoxy flooring & additional storage cabinets, off-street parking with large driveway. This home offers a tremendous opportunity to enjoy all the opportunities that proximity to the ocean creates. Residents of Niguel Shores enjoy exclusive access to private beach bluff park, direct beach access, community clubhouse, "Junior Olympic-sized" pool, spa, tennis courts, pickle-ball courts, children's playground & more—all just minutes from world-class Ritz Carlton & Waldorf Astoria resorts, golf courses, walking distance to Salt Creek Beach & it’s amazing "surf breaks", Dana Point Harbor with its Lantern District offering incredible dining & shopping opportunities. Don't miss this rare opportunity to make your dream home a reality in the heart of Monarch Beach!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 4,050 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1159.0 / Month
Neighborhood Insights
Dana Point Unified Schools
Richard Henry Dana Elementary School
Grades K-5 • 0.7 mi
John Malcom Elementary School
Grades K-5 • 1.5 mi
Moulton Elementary School
Grades K-5 • 3.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 8% |
| Baths | 2.0 | 3.0 | 19% |
| Square foot | 1,542 | 2,352.5 | 8% |
| Lot Size | 4,050 | 7,402.5 | 18% |
| Price | $3.10M | $3.15M | 50% |
| Price per sq ft | $2.0K | $1.3K | 83% |
| Built year | 1974 | 1985 | 31% |
| HOA | $1159.0 | $302 | 89% |
| Days on market | 64 | 190 | 11% |
Pricing History
Listed for Sale
Jan 2, 2026
$3,100,000
Initial Listing
Sold
May 17, 2012
$565,000
Public Record