Two Monarch Bay homes in Dana Point sold last month for a combined sales price of $53 million, with the larger of the sales marking a record price seen in OC this year.
In the larger deal, a 7,700-square-foot estate at 63 Monarch Bay sold for $33 million. The home wrapped construction in 2022 and counts four bedrooms and six baths.
In the other sale, the 10,900-square-foot 33 Monarch Bay traded for $20 million.
The deals come about two years after residents of the gated, beachfront community paid $225 million to buy out the ground lease to their homes.
Monarch Bay runs some 80 acres along the western edge of Coast Highway, near Crown Valley Parkway. It’s just north of the Waldorf Astoria Monarch Beach (the onetime St. Regis), and homeowners share a beach club with the hotel’s guests.
There are 212 homeowners in the community, which counts 214 lots; a pair of homes there are built on double lots.
Phil Immel of Pacific Sotheby’s International Realty represented the seller of 63 Monarch Bay; Samantha Nugent of Compass represented the buyer. Nugent also represented the buyer of 33 Monarch Bay along with Compass’ Todd Davis; John Stanaland and Trevor Stanaland of Villa Real Estate had the listing.
The high prices seen in Monarch Bay are new; sales previously ran between $1.5 million and $9 million for homes operating under the ground lease.