33.462762 -117.708128
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Listed by Kendra Wahlin, Broker, Kay Wahlin. 949-433-4300

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34412 St Of The Green LantDana Point, CA 92629

Active
$4,995,000
0.30 Acres

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


FACTS & FEATURES

  • Property Type:
    Land
  • Architectural Style:
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    0 SqFt
  • Lot Size:
    0.30 Acres
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  • Area:
    LT - Lantern Village
  • Views:
    City Lights, Coastline, Harbor, Ocean, Panoramic, Water, White Water, Bluff
  • Schools:
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  • Senior Community:
    False
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LOCATION


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Listing Office: Kendra Wahlin, Broker. Listing Agent: Kay Wahlin. Listing ID: OC22023360

Last Updated February 8, 2025 10:39 AM
Data last checked against CRMLS on April 19, 2025 9:51 AM

Based on information from California Regional Multiple Listing Service, Inc. as of April 19, 2025 9:51 AM and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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