$4,000,000
$4,400,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
0.26 Acres Lot
SOLD DATE : 06/08/2021
Key Details
Sold Price $4,000,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Ritz Cove (Rc)
MLS Listing ID LG21031120
Sold Date 06/08/21
Condo Fees $750
HOA Fees $750/mo
HOA Y/N Yes
Lot Size 0.260 Acres
Property Description
In all of its glory, the last two adjacent ocean view vacant parcels in Ritz Cove are now offered for sale. These lots (53 & 54) were hand picked as some of the finest lots in the neighborhood by the original developer of Ritz Cove. Opportunity abounds with the offering of two flat side by side parcels to build a magnificent single home estate with ample outdoor space or develop two single family custom properties - a builders dream. Rare and exceptional options for construction at a time that there is tremendous demand for new modern architecture on the ocean side of Coast Highway. Make this property a stand out in the neighborhood amongst the homes that were mainly built in the 1990s with a Mediterranean flare. Panoramic vistas of Catalina Island and white water crashing on Monarch Bay Cove from this flat level building site. This ocean front community has wide, single loaded streets, the lots are terraced beautifully from street to street for maximum views of the Pacific Ocean. Ritz Cove provides an unmatched level of security and privacy with 24-hour gate guarded service. Catalina sunsets are unparalleled from this vantage point, you are on permanent vacation! This is no ordinary neighborhood, this is a lifestyle, only steps away from The Ritz Carlton, The Waldorf Astoria Monarch Beach, The Monarch Beach Golf Links and, of course, private beach access to world class Salt Creek Beach. Build your dream!
Location
State CA
County Orange
Area Mb - Monarch Beach
Zoning R1
Interior
Fireplace No
Exterior
Community Features Curbs
Waterfront Description Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View City Lights, Ocean, Panoramic, Water
Building
Lot Description Level, Sprinkler System
Water Public
New Construction No
Others
HOA Name TSG Management
Senior Community No
Tax ID 67247131
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Jamie Blakely • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "