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

60 Ritz Cove, Dana Point, California 92629 home-pic-0
ACTIVE$12,500,000
60 Ritz Cove, Dana Point, California 92629
5Beds
6Baths
6,100Sqft
9,000Lot

Price Vs. Estimate

The estimated value ($11,492,770.81) is $1,007,229.19 (8%) lower than the list price ($12,500,000). This property may be overpriced.

Key pros and cons

Top Pros:
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).
Top Cons:
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.

Compared to the nearby listings

Price:$12.50M vs avg $2.60M (+$9,900,000)94%
Size:6,100 sqft vs avg 2,359 sqft96%
Price/sqft:$2.0K vs avg $1.3K86%

More Insights

Built in 2003 (22 years old).
Condition: 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.
Year Built
2003
Close
-
List price
$12.5M
Original List price
$13.2M
Price/Sqft
$2,049
HOA
$900
Days on market
-
Sold On
-
MLS number
LG24119985
Home ConditionGood
Features
Excellent View: Catalina, Coastline, Ocean, Water
Pool
Spa
Patio
ViewCatalina, Coastline, Ocean, Water

About this home

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.

Nearby schools

5/10
Richard Henry Dana Elementary School
Public,•K-5•1.1mi
9/10
John Malcom Elementary School
Public,•K-5•1.4mi
8/10
Moulton Elementary School
Public,•K-5•3.3mi
9/10
El Morro Elementary School
Public,•K-5•7.5mi
6/10
Marco Forster Middle School
Public,•6-8•2.5mi
7/10
Niguel Hills Middle School
Public,•6-8•4.6mi
9/10
Thurston Middle School
Public,•6-8•5.4mi
8/10
Dana Hills High School
Public,•9-12•1.3mi
9/10
Laguna Beach High School
Public,•9-12•5.4mi
Condition Rating
Good
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.
Pros & Cons

Pros

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.
Exceptional Custom Craftsmanship & Design: Boasts outstanding architectural details, meticulous trim work, intricately designed ceilings, archways, and murals, with over half a million dollars invested in casework alone, highlighting bespoke luxury.
Extensive Luxury Amenities: Features a stunning pool, a three-level elevator, a walk-in wine room with a glass and iron door, a curved bar, a fabulous entertainment TV system, and ambient cove lighting, catering to a high-end lifestyle.
Recent Major System Upgrade: Equipped with a brand new HVAC system, ensuring modern comfort, energy efficiency, and reduced immediate maintenance concerns for the new owner.

Cons

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.

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