60 Ritz Cove, Dana Point, California 92629, Dana Point, 92629 - 5 bed, 6 bath

60 Ritz Cove, Dana Point, California 92629 home-pic-0

60 Ritz Cove

Dana Point, California 92629

ACTIVE
CONDITION: GOOD
5Beds
6Baths
6,100Sq Ft
9,000Lot Size

Property Price

LIST PRICE$12,500,000
EST. MARKET VALUE
$11,492,770
8% AboveMARKET VALUE

SUMMARY

Analysis of 60 Ritz Cove, Dana Point, California 92629 reveals a property with a current list price of $12,500,000, which is 8% above the estimated $11,492,770 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

$11,492,770
Based on Realkey algorithm analyzing recent comparable sales in Dana Point.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
60 Ritz Cove
Subject
$12,500,000*
List Price
566,100$1,884-
A
70 Ritz Cove Drive
Sold
$9,000,000455,708$1,5770.1 mi
B
126 Monarch Bay
Sold
$12,000,000555,452$2,2010.7 mi
C
75 Ritz Cove Dr.
Active
$14,750,000
List Price
476,250$2,3600.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

This property, built in 2003, is 21 years old but presents in excellent, move-in ready condition with no immediate renovation required. The description highlights extensive architectural details, meticulous trim work, opulent cabinetry, and a brand new HVAC system, indicating high-quality construction and recent maintenance. The kitchen features high-end stainless steel appliances (built-in refrigerator, double ovens, professional-style range), granite countertops, and custom dark wood cabinetry, all appearing well-maintained. However, the overall aesthetic, including the ornate coffered ceilings, classical murals, heavy drapes, and the very traditional style of the kitchen cabinetry and hood (with a painted floral design), reflects its original 2003 build and a classic, opulent taste rather than a recent, contemporary renovation. While luxurious and well-appointed, the style is not 'new or virtually new, meeting current quality standards' in terms of modern design trends. The bathrooms, though not explicitly pictured, would likely follow this same high-quality, traditional style. Therefore, 'Good' is appropriate as it's well-maintained, functional, and high-quality, but its style is not a recent, full renovation to a contemporary aesthetic.

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 Oceanfront Location & Views

    The property offers unparalleled ocean, whitewater, and Catalina views from multiple floors, coupled with direct beach access just a block away, enhancing its desirability and value.

  • Exclusive Guard-Gated Community

    Situated in the prestigious Ritz Cove, a secure, guard-gated enclave nestled between the luxurious Ritz Carlton and Waldorf Astoria resorts, providing privacy, security, and resort-style living.

CONSRISKS & DEFICIENCIES

  • Aggressive Pricing Strategy

    The current list price of $12.5 million is 8% above the estimated market value, which may indicate an aggressive pricing strategy that could prolong market time or necessitate a future price adjustment.

  • High Monthly Association Fees

    A substantial monthly association fee of $900 adds a significant recurring cost to ownership, which, while common in exclusive communities, can be a consideration for potential buyers.

  • Potentially Niche Aesthetic

    While highly detailed, the specific architectural style, including intricate murals and ornate archways, may cater to a particular taste, potentially narrowing the buyer pool compared to more universally appealing contemporary designs.

About 60 Ritz Cove

Experience unparalleled luxury in this ocean view home located in prestigious Ritz Cove. Every corner of this residence exudes elegance, with outstanding architectural details and meticulous trim work throughout. From intricately designed ceilings and doorways to beautifully crafted archways and murals, no detail has been overlooked. Step into a grand two-story foyer that sets the tone for the rest of the home. Beyond the foyer, a stunning pool glitters against the backdrop of the ocean, offering incredible views from both floors. Enjoy leisurely strolls to the beach, just a block away.  A water feature winds around the home, greeting you at the front door and continuing in the back yard, which is filled with flowering bushes and fruit trees. The home is equipped with a brand new HVAC system, a fabulous entertainment TV system and features opulent cabinetry, spacious closets, and a paneled wood office. An elevator provides easy access to three levels, from the garage to the first and second floor.  The primary suite boasts breathtaking whitewater views of nearby Monarch Beach. Over half a million dollars has been invested in casework alone, underscoring the quality and craftsmanship of this exceptional property.  Cove lighting provides beautiful ambiance for entertaining, and a walk-in Wine Room with a glass and iron door is just off the family room area which hosts an incredible curved bar. Situated at the end of a quiet, single-loaded cul-de-sac, this luxurious residence offers both privacy and tranquility. Rarely does a home of this construction and detail come to market. Guard-gated Ritz Cove is nestled between the luxurious Ritz Carlton and Waldorf Astoria resort hotels, in a spectacular guard-gated enclave of just 101 homes. Don’t miss the opportunity to own this extraordinary property.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2003
Lot Size
9,000 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
6 (6 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$900.0 / Month

Neighborhood Insights

Dana Point Unified Schools

Richard Henry Dana Elementary School

Grades K-5 • 1.1 mi

5/10

John Malcom Elementary School

Grades K-5 • 1.4 mi

9/10

Moulton Elementary School

Grades K-5 • 3.3 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.04.0
83%
Baths6.03.0
86%
Square foot6,1002,359
94%
Lot Size9,0007,414.5
62%
Price$12.50M$3.20M
90%
Price per sq ft$2.0K$1.3K
83%
Built year20031986
81%
HOA$900.0$302
87%
Days on market614191
99%

Pricing History

No pricing history data available.

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