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32311 Caribbean Drive, Dana Point, California 92629, Dana Point, 92629 - 4 bed, 5 bath

32311 Caribbean Drive, Dana Point, California 92629 home-pic-0
ACTIVE UNDER CONTRACT$7,995,000
32311 Caribbean Drive, Dana Point, California 92629
4Beds
5Baths
3,714Sqft
22,547Lot

Price Vs. Estimate

The estimated value ($7,216,912.77) is $778,087.23 (9%) lower than the list price ($7,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22547, living area = 3714.
Top Cons:
High Monthly Association Fee: The property carries a significant monthly association fee of $640, which adds a substantial ongoing cost to homeownership.

Compared to the nearby listings

Price:$8.00M vs avg $2.60M (+$5,395,000)85%
Size:3,714 sqft vs avg 2,359 sqft78%
Price/sqft:$2.2K vs avg $1.3K86%

More Insights

Built in 1998 (27 years old).
Condition: Despite being built in 1998, this property has undergone an extensive, high-end renovation with top-of-the-line materials, fixtures, and finishes, as explicitly stated in the description and confirmed by the images. The chef's kitchen features natural stone counters, bespoke cabinetry, and modern, high-end stainless steel appliances, all appearing virtually new. The primary bath is a 'heavenly spa-like suite' with contemporary fixtures, freestanding tub, and sleek tile work. Throughout the home, light-colored hardwood flooring, modern light fixtures, and a cohesive, luxurious design indicate a very recent and comprehensive update. There are no signs of deferred maintenance or physical depreciation, making it move-in ready and meeting current quality standards.
Year Built
1998
Close
-
List price
$8M
Original List price
$8.5M
Price/Sqft
$2,153
HOA
$640
Days on market
-
Sold On
-
MLS number
LG25189121
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Coastline, Ocean, Panoramic
Patio
ViewCatalina,City Lights,Coastline,Ocean,Panoramic

About this home

Welcome to 32311 Caribbean Drive, an exceptional single-level residence in the prestigious Monarch Bay Terrace offering breathtaking panoramic views of the ocean, coastline, and whitewater. Expertly designed and renovated with top-of-the-line materials, fixtures, and finishes, this elegant and private home features a seamless open layout designed for luxurious coastal living. Enter through a beautifully landscaped courtyard with a tranquil fountain into a grand foyer that opens to a light-filled oversized great room with floor-to-ceiling glass showcasing stunning ocean, Catalina Island and exquisite sunset in views. The spacious living area includes an elegant fireplace, entertainment center, and custom built wine cellar as well as a casual dining area, all flowing effortlessly to an expansive beautiful ocean view covered patio with built-in heaters and a fire pit for perfect indoor-outdoor living all year round. The formal ocean view dining room and the beautifully designed chef’s kitchen are appointed with high-end lighting fixtures, chef's kitchen features natural stone counters, top of the line appliances and bespoke cabinetry. The private ocean-view primary suite offers a double-sided fireplace, dual French doors, a heavenly spa-like bath suite, two amazing walk-in closets, and a great laundry room. The private office and two additional guest suites with own hallway access and laundry, ensures privacy and comfort for all. The beautifully landscaped backyard features a built-in BBQ, a second fountain, and a fire pit, all set against the backdrop of stunning sunsets over Catalina Island —this is coastal luxury at its finest. The highly sought after Monarch Bay Terrace is located on a luxurious corridor between Laguna Beach with famous galleries & The Montage Resort and the beautiful Monarch Beach with pristine beaches, the Ritz Carlton, Waldorf Astoria, Monarch Golf Links, and not to be missed: the beautiful Dana Point Harbor which is undergoing major & fabulous upgrades with two new boutique hotels and lots of new shops and restaurants plus water sports and boating activities.

Nearby schools

9/10
John Malcom Elementary School
Public,•K-5•1.2mi
5/10
Richard Henry Dana Elementary School
Public,•K-5•2.1mi
8/10
Moulton Elementary School
Public,•K-5•2.3mi
9/10
El Morro Elementary School
Public,•K-5•6.5mi
6/10
Marco Forster Middle School
Public,•6-8•2.8mi
7/10
Niguel Hills Middle School
Public,•6-8•4.0mi
9/10
Thurston Middle School
Public,•6-8•4.4mi
8/10
Dana Hills High School
Public,•9-12•2.0mi
9/10
Laguna Beach High School
Public,•9-12•4.4mi
Condition Rating
Excellent
Despite being built in 1998, this property has undergone an extensive, high-end renovation with top-of-the-line materials, fixtures, and finishes, as explicitly stated in the description and confirmed by the images. The chef's kitchen features natural stone counters, bespoke cabinetry, and modern, high-end stainless steel appliances, all appearing virtually new. The primary bath is a 'heavenly spa-like suite' with contemporary fixtures, freestanding tub, and sleek tile work. Throughout the home, light-colored hardwood flooring, modern light fixtures, and a cohesive, luxurious design indicate a very recent and comprehensive update. There are no signs of deferred maintenance or physical depreciation, making it move-in ready and meeting current quality standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22547, living area = 3714.
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).
Panoramic Ocean & Catalina Views: The residence offers breathtaking panoramic views of the ocean, coastline, whitewater, Catalina Island, and exquisite sunsets from multiple vantage points, significantly enhancing its desirability and value.
Extensive High-End Renovation: The property has been expertly designed and renovated with top-of-the-line materials, fixtures, and finishes, presenting a modern, luxurious, and move-in ready condition.
Seamless Indoor-Outdoor Living: Featuring a seamless open layout, an expansive ocean-view covered patio with built-in heaters and a fire pit, and a beautifully landscaped backyard with a built-in BBQ and second fountain, the home is perfectly designed for year-round coastal entertaining.
Prestigious Coastal Location: Situated in the prestigious Monarch Bay Terrace, the property benefits from a prime location between Laguna Beach and Monarch Beach, offering proximity to world-class resorts, golf courses, and the newly upgraded Dana Point Harbor.
Luxury Interior Appointments: The home boasts a beautifully designed chef’s kitchen with natural stone counters, top-of-the-line appliances, bespoke cabinetry, a custom built wine cellar, and a spa-like primary suite with a double-sided fireplace and dual walk-in closets.

Cons

High Monthly Association Fee: The property carries a significant monthly association fee of $640, which adds a substantial ongoing cost to homeownership.
Potential for High Maintenance Costs: With a large lot size of 22,547 sqft and extensive, detailed landscaping including multiple fountains and fire pits, the property likely entails considerable ongoing maintenance expenses for the grounds and outdoor features.
Recent Price Adjustment: The property has undergone a recent price reduction from $8.5M to $7.995M, which could suggest initial overpricing or market resistance, potentially impacting perceived value or negotiation dynamics.

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