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Dolphins frolicked in the surf of Dana Point about 300 yards from this home’s back gate the day we visited.
The two-story home –- listed for $20 million to $24 million –- is under construction, so you have to use your imagination (click on photos above by Register photographer Mike Goulding to enlarge). But when it’s finished, the 6,100-square-foot residence will have creature comforts most of us only dream of:
- Sea breezes: A master bedroom with giant pocket doors that disappear into the walls, opening onto a 10-foot-deep deck overlooking the beach and blue Pacific beyond.
- His-and-Her bathrooms: Not one, but two flat-screen TV’s in his portion of the his-and-her master bathrooms, one of which sits at eye level above a urinal in the WC. Electric panels pop up from an island in the man’s closet, displaying the owner’s watches, cufflinks and jewelry.
- Beach bath: An elevated tub in her master bathroom with a bay window looking out to the sea, right beside the full-length walk-in closet.
- Swim-up bar: An infinity-edge pool with underwater sound systems and stools next to a swim-up bar that connects to an outdoor kitchen.
It’s been two years since lots went on sale in the 118-home Strand at the Dana Point headlands, one of the few remaining oceanfront developments in Southern California and the last in Orange County right on the beach.
Sixteen homes are under construction, five of them along the beachfront. But this spec house being built by luxury-home king John McMonigle (click to enlarge artist’s rendering below) is the first to hit the market.
McMonigle’s homebuilding company, Monarch Estates, paid just under $8 million for the 11,800-square-foot lot –- one of 26 abutting the sand just south of Salt Creek Beach, said Monarch’s Gilad Ganish.
But prices for the other 12 lots sold already ranged up to $9 million, said Strand sales director George Pagano. And the developer has two-to-three “very interested” buyers looking to pay $11 million to $12.5 million for some of the remaining beachfront lots.
With beachfront homes expected to be worth $3,000 a square foot (the countywide median is less than $300 per square foot), values on the sand could be $25 million, Pagano said.
The five-bedroom, 6 ½-bathroom home at 29 Strand Beach Drive sits on two levels, while others building beachfront homes at The Strand are excavating basements to increase floor space. Ganish said adding a gym and other typical basement amenities is unwarranted since the house will be next door to a beach club that will provide some of those features.
“We felt like we were able to get all of the program on two levels,” Ganish said. (Click HERE! to see floor plans.)
Each of the upstairs bedrooms comes with its own walk-in closet and bathrooms. Cabinets downstairs conceal a Murphy bed, converting an office into a spare bedroom.
The kitchen is equipped with a 16-foot island with seating for six, plus a large walk-in pantry with food-prep areas. A centralized audio-visual system pipes music and movies to rooms throughout the house. And recessed heaters warm an outdoor living room that also features video, built-in stereo speakers and a fireplace.
The three-car garage will have directional lighting similar to that used in car museums, as well as built-in speakers. Outdoor lights will flicker with real gas-fed flames, like old-fashioned street lamps.
The home should be finished early next year, Ganish said
More luxury housing news …
- Dana Point beach project may take in $680 million
- Slice of Nixon’s Western White House? Only $15 million
- Stable for 12? Seller seeks $8 million for Coto estate
- Ladera home values fall 34.5 percent from last year
- O.C. brokers bet $2 million on luxury-home office
- Wall St. woes could smack Newport Beach
- $34.5 million Laguna home is O.C.’s second priciest sale
- Walk 150 feet, save $25 million on a home
- Newport mansion will now cost you $77 million
- Newport Beach bayfront mansion listed for $38.5 million
The Strand are excavating basements to increase floor space. Ganish said adding a gym and other typical basement amenities is unwarranted since the house will be next door to a beach club that will provide some of those features.
Wow - call me crazy. Jeff Collins- when did you become the marketing puppet of the local real estate agent? I guess I was just setting the bar a little higher for this venue.
Wow! I guess developers and lenders are not yet tired of losing money.
Haha…10 Million, 15 Million, 22 Million, to live in Dana Point??
Timing is everything, and Mr. McMonigle couldn’t have picked a worst time to start bringing these new listings to market.
With 22 millions, I can keep a family of dolphins *IN* my living room. Wait, maybe just a mermaid or two instead.
What a joke! Anyone who pays that kinda $$$$ to live at that over-rated,over-crowded beach is beyond a fool. It sucks there.
The developer is a real peach too.He’s building his own house on the front row and it will block the view of the beach from the bluff top park that all the residents have enjoyed for 30 years…nice goin a..hole!
Tsunami-ready
Way to ruin the beaches..
If only Jimmy could sell his Irvine home he bought near the 5 in 06. He could join the ranks of the ‘move-up’ buyers. Oh wait, there are no move-up buyers.
Carry on.
He’s just a high end flipper is all. For 20M the market expects a PRIVATE beach or private Balboa Harbor dock.
Lee’s got it right. The absolute worst time!
He made a ton of money in a market that valued good looks and perceptions. So now even the Lord of all agents has to take a big paycut. He just starts at such a high level, that he goes from 5M per year to say, 2-3M per year. That hurts. Even more when you yourself have speculated as much as the next guy.
Heck, in my opinion, these guys who have purchased lots so far (not many) have ALL lost at least 30% right off the top.
30% of 7-12M is a whole lot of money. There is simply too much supply.
That’s a lot of dough for a little sand. But I guess if money is no object then these dudes will pay it.
….I WANT A SWIM-UP BAR!!!!…… =(
mr. mcmonigle, can you say mr. mcmansion? more big houses housing 2 people with their big suvs…
and the rich get? Oh yes…Richer…at least this is keeping a few employed…for ahwile at least…..!!!
He builds this house for him? or who?
Can’t wait to see when completed! But.. why did he spend that much for a house in Dana Point?
There are currently two home for sale on the 1500 block of Oceanfront on the sand in Newport Beach for $10,000,000 each. Both homes are less than 3 years old and about 4200 square feet and are very nice.
I wish Mr. Monigle and everyone else well in their endeavors.
I am not sure that Dana Point is worth 2 times newport beach.
$20 million for a house with an MDF kitchen. MDF dosen’t stand for cherry or walnut, it stands for particle board.