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$4,995,000

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0.3 Acres Lot

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34412 St Of The Green Lant Dana Point, CA 92629

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/31/2024 11:46 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Lantern Village South (Lds)

MLS Listing ID OC22023360

HOA Y/N No

Lot Size 0.300 Acres

Property Description

SELLERS WILL ENTERTAIN 1/3-1/2 INVESTOR OR GROUP TO DO A JOINT VENTURE FOR THIS BLUFF FRONT HOTEL DEVELOPMENT OPPORTUNITY OVERLOOKING THE INCOMPARABLE DANA POINT HARBOR.CURRENT SELLER PLANS ARE FOR APPROX. 17000 SQ.FT. PREMIUM 8 LUXURY VILLAS (2 BEDROOM 2 BATH APPROX. 1500-1700 SQ. FT. EACH, ON ONE LEVEL) WITH SPACIOUS PRIVATE DECKS AND INCREDIBLE OCEAN, HARBOR AND COASTLINE VIEWS.WITH OVER 2.5 MILLION VISTORS 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 RESTURANTS AND MUCH MORE.THE HARBOR AREA IS CURRENTLY UNDERGOING A 5 YEAR, 600 MILLION DOLLAR RENOVATION WHICH WILL FURTHER INCREASE THE VALUE OF THIS LAND AND ITS DEVELOPMENT POTENTIAL.HOTEL GUEST WILL ENJOY WALKABLE ACCESS TO THE HARBOR ACTIVITIES,COASTAL HIKING TRAILS,STRANDS BEACH AND THE NEWLY DEVELOPING DOWNTOWN LANTERN VILLAGE.RESTURANT 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 10/30/2024 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 IDENTICAL SQUARE FOOTAGE.THE FIRST NEW PROJECT TO BE APPROVED ON THE BLUFF IN 40+ YEARS.ANY INVESTORS WHO CAN APPLY FOR A ZONING CHANGE BASED ON WHAT IS GOING ON IN CALIFORNIA, AND THAT THE AREA HAS RESIDENTIAL, MULTI FAMILY, AND COMMERCIAL THIS LOT WOULD BE WORTH 2.5 WHAT IT IS LISTED FOR ??? GREAT OPPORTUNITY

Location

State CA

County Orange

Area Lt - Lantern Village

Zoning COMMERCIAL

Interior

Fireplace No

Exterior

Fence Wood

Community Features Suburban

Utilities Available None

Waterfront Description Ocean Front,Ocean Side Of Highway

View Y/N Yes

View Bluff, City Lights, Coastline, Harbor, Ocean, Panoramic, Water

Building

Lot Description Bluff

Water Public

New Construction No

Others

Senior Community No

Tax ID 67223404

Acceptable Financing Cash, 1031 Exchange, Lease Back, Lease Option, Owner Will Carry, Submit, Trade

Listing Terms Cash, 1031 Exchange, Lease Back, Lease Option, Owner Will Carry, Submit, Trade

Special Listing Condition Standard

Listed by Kay Wahlin • Kendra Wahlin, Broker • 949-433-4300

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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