Water Views - Golf Course - Seller Financing
Address
34412 St Of The Green Lantern Dana Point, CA
Price
$ 4,995,000
Property Attributes
  • MLS#OC19071128
  • TypeLand
  • CountyORANGE
  • CityDana Point
  • AreaLantern Village
  • NeighborhoodOther
  • Zip92629
  • Style
  • Price$ 4,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size13,063 SqFt
Listing Provided Courtesy Of:
Glenn Farmer with Group IV International.
Data Source:
CRMLS
Property Description

Bluff front Restaurant/Hotel development opportunity overlooking the incomparable Dana Point Harbor. Current Seller plans are for approximately 8,500 sq. ft. premium restaurant or 19 luxury guest rooms with spacious private decks and incredible ocean, harbor and coastline views. With over 2.5 million visitors annually, Dana Point has some of the highest occupancy rates in California due to its small town charm, striking views, beach access, water activities, annual entertainment, premier restaurants and much more. The Harbor area is currently undergoing a 5 year, $400 million dollar renovation which will further increase the value of this land and its development potential. Hotel guests will enjoy walkable access to the harbor activities, coastal hiking trails, Strands Beach and the newly developing downtown Lantern Village. Restaurant patrons will enjoy the same coastal activities, arts, entertainment, and shopping. Do not miss this truly once in a lifetime opportunity to own a piece of the most iconic bluff front land in all of the Southern California Riviera. UPDATE: AS OF 8/26/19 THE DANA POINT CITY COUNCIL (IN A 5 - 0 VOTE) APPROVED A 51 UNIT HOTEL WITH ROOFTOP POOL, BAR, AND LOUNGING AREA FOR THE PARCEL AT THE CORNER OF COVE ROAD AND GREEN LANTERN OF ALMOST INDENTICAL SQUARE FOOTAGE. THE FIRST NEW PROJECT TO BE APPROVED ON THE BLUFF IN 40+ YEARS.

Price History
4/1/2019 Listed $5,900,000
6/22/2019 7% - $5,495,000
8/3/2020 10% - $4,995,000

General Features

Community Features Biking, Dog Park, Fishing, Golf, Hiking, Storm Drain(s), Street Lights, Water Sports
Listing Agent Glenn Farmer - BRE#01186688
Listing Agent State License 01186688
MLS Area LT - Lantern Village
Property Type Land
Subdivision Name Other (OTHR)
Terms Cash, Cash to New Loan, 1031 Exchange, Owner Will Carry, Trust Conveyance
View Bluff, Catalina, City Lights, Coastline, Harbor, Marina, Ocean, Panoramic, Pier, Water
Zoning Visitor/Recreation

Exterior Features

Lot Dimensions 111x107
Lot Features Bluff
Lot Size Acres 0.3
Lot Size Area 13063
Lot Size Source Assessor
Lot Size Square Feet 13063
Lot Size Units Square Feet
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92629

Price
AVG $4.51M
$5M
Visits
AVG 156
27
Walkscore
AVG 59
50
Data Provided by Walkscore ® not using MLS data

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