
Dana Point, California 92629
This Single-Level Coastal Estate is a Prime Investment Opportunity, listed at $4,500,000—positioned well below the $4,623,740 Fair Market Value by 2%. This valuation gap offers $123,740 in Instant Equity. Boasting a Good Condition Rating, the residence features Panoramic Ocean Views, vaulted beamed ceilings, and access to Top-Rated Schools including John Malcom Elementary (9/10) and Laguna Beach High (9/10). While move-in ready, the dated interior provides significant upside for modernization. This is an ideal acquisition for Owner-Occupants or Luxury Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32687 Caspian Sea Drive Subject | $4,500,000* List Price | 3 | 3 | 2,749 | $1,682 | - |
A 32201 Sea Island Sold | $4,975,000 | 4 | 3 | 2,840 | $1,752 | 0.5 mi |
B 32491 Seven Seas Drive Sold | $5,350,000 | 4 | 3 | 3,032 | $1,765 | 0.4 mi |
C 32591 Mediterranean Drive Sold | $4,400,000 | 4 | 3 | 2,945 | $1,494 | 0.2 mi |
D 32671 Mediterranean Drive Sold | $3,900,000 | 4 | 3 | 2,782 | $1,402 | 0.2 mi |
E 32631 Azores Sold | $5,600,000 | 4 | 3 | 3,801 | $1,473 | 0.1 mi |
F 33341 Gelidum Circle Sold | $3,775,000 | 3 | 3 | 2,169 | $1,740 | 0.9 mi |
G 32641 Adriatic Drive Active | $3,995,000 List Price | 3 | 2 | 2,404 | $1,662 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and exceptionally well-maintained. Although built in 1975, the home has undergone significant past renovations, particularly in the kitchen which features granite countertops, a large island, and high-end stainless steel appliances. The listing highlights recent cosmetic updates including fresh interior paint and new Berber carpeting. While the cabinetry and some fixtures reflect a style from a previous renovation cycle (approximately 15-20 years ago), the overall quality, vaulted beamed ceilings, and pristine condition of the exterior and interior living spaces meet the criteria for 'good' condition.
Elementary School: John Malcom Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
The property features commanding, uninterrupted views of the Pacific Ocean, Catalina Island, and the coastline from all principal rooms, significantly increasing its luxury appeal.
The rare single-story floor plan offers seamless accessibility and an open flow that dissolves the boundaries between the interior living spaces and the coastal environment.
Built in 1975, the home may require further structural or aesthetic modernization beyond new paint and carpet to compete with contemporary luxury builds in the area.
The monthly association fee of $640 represents a significant recurring carrying cost that may impact the overall value proposition for some buyers.
The Pacific, uninterrupted. A single-level home in Monarch Bay Terrace built to frame one of Dana Point's most commanding coastal panoramas. Set on a peaceful single-loaded street, the experience begins before you step inside. A gated entry and 3-car garage open to a courtyard wrapped in lush landscaping, creating a space so serene it feels like your own walled garden. Beyond grand double doors, the ocean reveals itself immediately. A flowing, open floor plan carries sit-down, panoramic views of sand, white water and endless blue through every principal room, with sliding doors throughout dissolving the boundary between interior living and the coastline beyond. The living room is grounded by a dramatic floor-to-ceiling granite and wood fireplace. The family room rises beneath vaulted, open-beamed ceilings. The kitchen, centered on a large central island, opens naturally to both the family room and dining area. All three bedrooms feature sliding doors to the exterior and plantation shutters for privacy and filtered natural light. Wake up to ocean views in your expansive primary suite facing the horizon. A second generous bedroom offers its own en-suite bath, and a third bedroom adjoins a full bath just off the hall. Thoughtful built-ins offer storage, and a dedicated laundry room, new paint, and fresh new Berber carpet complete the interior. Outside, an expansive pergola-covered patio spans the full breadth of the home, offering shaded comfort for year-round entertaining beneath immaculate sunsets and panoramic views. The location is equally ideal minutes from Salt Creek Beach and the shops and restaurants of Monarch Bay Plaza. The Ritz Carlton and Waldorf Astoria are also just moments away, with Dana Point Harbor and Laguna Beach Village equidistant in either direction on the PCH. Perfectly positioned and beautifully unhurried, this is a home where the beauty of nature and the convenience of coastal living exist in perfect balance, and the ocean is always in view.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 1.7 mi
Grades K-5 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,749 | 2,432 | 58% |
| Lot Size | 10,800 | 7,800 | 77% |
| Price | $4.50M | $3.17M | 71% |
| Price per sq ft | $1.6K | $1.3K | 74% |
| Built year | 1975 | 1980 | 36% |
| HOA | $640.0 | $280 | 82% |
| Days on market | 5 | 154 | 1% |
Apr 17, 2026
$4,500,000
Initial Listing