34412 St Of The Green Lantern, Dana Point

$4,995,000

0 Beds
0 Baths
0 Sqft
.3 Acres
0 Garages

Bluff front Restaurant/Hotel development opportunity overlooking the incomparable Dana Point Harbor. Current Seller plans are for approximately 8,500 sq. ft. premium restaurant or 19 luxury guest rooms with spacious private decks and incredible ocean, harbor and coastline views. With over 2.5 million visitors 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 restaurants and much more. The Harbor area is currently undergoing a 5 year, $400 million dollar renovation which will further increase the value of this land and its development potential. Hotel guests will enjoy walkable access to the harbor activities, coastal hiking trails, Strands Beach and the newly developing downtown Lantern Village. Restaurant 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 8/26/19 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 INDENTICAL SQUARE FOOTAGE. THE FIRST NEW PROJECT TO BE APPROVED ON THE BLUFF IN 40+ YEARS.

Essential Information
MLS® #OC19071128
Price$4,995,000
Acres0.30
TypeLot-Land
Sub-TypeLots and Land
StatusActive
Community Information
Address34412 St Of The Green Lantern
AreaLantern Village (LT)
SubdivisionOther (OTHR)
CityDana Point
CountyOrange
StateCA
Zip Code92629
Amenities
View

City Lights View, Marina View, Panoramic View, Water View, Bluff, Catalina View, Coastline View, Harbor View, Ocean View, Pier View, White Water View

Exterior
Lot Description

Bluff Front, Lot 10000-19999 Sqft

Additional Information
Date ListedMarch 30th, 2019
Days on Market577
ZoningVisitor/Recreation
Listing Details
AgentGlenn Farmer(01186688)
OfficeGroup IV International
Property History
Price Reduced from $5,495,000 to $4,995,000
Price Reduced from $5,900,000 to $5,495,000

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Based on information from California Regional Multiple Listing Service, Inc. as of October 28th, 2020 at 6:37am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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