33831 Alcazar Drive 4, Dana Point, California 92629, Dana Point, 92629 - 2 bed, 3 bath
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Dana Point, California 92629
This Condominium Asset represents a Strong Value Opportunity, listed at $1,200,000—positioned well below the $1,377,922 Fair Market Value by 12%. This valuation gap provides $177,922 in Instant Equity. Featuring stunning coastline views and a spacious 1,730 sqft layout, the property holds a Condition Rating of 5, indicating a need for interior modernization. Located in the Capistrano Unified district near Dana Hills High School, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33831 Alcazar Drive 4 Subject | $1,200,000* List Price | 2 | 3 | 1,730 | $796 | - |
A 34300 #39 Lantern Bay Sold | $1,525,000 | 2 | 2 | 1,713 | $890 | 0.4 mi |
B 33371 Cheltam Way 2 Pending | $850,000 List Price | 3 | 2 | 1,320 | $644 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1981 (43 years old) and appears to be in mostly original condition. Visuals show dated 1980s finishes including gold-framed shower enclosures, original square tile, and worn carpeting. Given the age exceeds 30 years without significant renovations, the home requires a comprehensive interior rehab of the kitchen and bathrooms.
Situated in the desirable Lantern Village area, the property offers exceptional proximity to Dana Point Harbor, local beaches, and downtown amenities, ensuring a high-demand lifestyle.
The home features stunning coastline views and beautiful scenery, a premium asset in Dana Point that significantly enhances the property's long-term value and appeal.
With 1,730 square feet of living space for a two-bedroom configuration, the condo provides a generous and open floor plan that is larger than many competing units in the area.
Built in 1981, the property may require cosmetic modernizations or system upgrades to meet the expectations of buyers looking for contemporary luxury finishes.
As a condo unit, the property involves shared walls and HOA regulations, which may offer less privacy and autonomy compared to detached single-family homes.
This unique home is near the upper Alcazar area and features 2 bedrooms and 2 1/2 baths. Also, this condo has amazing views and beautiful scenery. It is very close to the Beach and Harbor and downtown Dana Point. Excellent location. Easy access to freeways. This is a charming place to call home. Come and show.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,730 | 1,543 |
| Lot Size | 7,996 | 120,108 |
| Price | $1.20M | $1.45M |
| Price per sq ft | $694 | $1.0K |
| Built year | 1981 | 1989 |
| HOA | $350.0 | $650 |
| Days on market | 26 | 52 |
Jun 26, 2026
$1,200,000
Initial Listing