In the wake of America’s most expensive zip code, Newport Coast, real estate expert and top producer in Southern Orange County, Jacqueline Lennon spotlights Dana Point as a prime investment opportunity with affordable luxury living and promising returns, just 25 minutes down the coast,
Nestled among stunning beaches, rocky coastlines, and rolling mountains, Newport Coast is distinguished by expansive open spaces encasing a scarce number of Mediterranean-inspired estates. The Wall Street Journal reported on the area as the most expensive zip code in America, with the median selling price disclosed at $8.2M and listing price at $12.7M.
While the Newport Coast’s exclusivity continues to soar, a hidden gem is sitting only 25 minutes down the coastline. Dana Point is already beginning to attract new homeowners and real estate investors due to a $400 million revitalization project that is expected to propel Dana Point to the same value and affluence of Newport.
Jacqueline Lennon, owner of Sea To Canyon Properties, has been working in the South Orange County region for over 20 years and shares, “Newport Coast was originally designed to become an exclusive neighbourhood, targeted towards clientele with millions in their pockets. Dana Point will eventually grow to similar property value levels because of its gorgeous coastline access, proximity to LA, and the community’s investments, but, for right now, there are significantly more housing options available for a wide range of price points.”
Dana Point’s revitalization project is well underway and expected to completely transform the local landscape by featuring increased pedestrian areas, a boardwalk, and public green spaces that link the community from the Dana Point Headlands to Doheny State Beach. Locals will be provided with a walkable expanse of fine dining and shopping options, but for those who prefer to use their sea legs there will be enhanced boating facilities and a new marina. In tandem with the $400 million project, the popular Dana Point Trolley will be added to its list of stops, limiting L.A.-inspired traffic and the need for a car.
“With these developments, the area is expected to attract active empty nesters, fine dining connoisseurs, and water sports enthusiasts, but it’s really perfect for anyone. There’s a diverse range of upscale waterfront properties to more affordable options that will all serve as excellent investments as property values rise,” Lennon comments.
Because the project goes beyond a facelift to a complete reinvigoration of the community, property values are expected to be hit with a significant initial surge and then maintain steady, long-term growth. Today, home price increases in Dana Point are already outpacing the increases of other Californian neighbourhoods as more buyers and investors begin to see the incredible potential of the area.
Lennon states, “Now is considered the best time to invest in any part of Dana Point. With the harbor revitalization project underway, all available properties offer both substantial returns on the investment and a truly fantastic neighborhood to call home.”
For those who desire the Newport Coast amenities, quiet coastline, and elevated quality of life, but aren’t able to justify the cost of the limited housing options, Dana Point is the best up and coming alternative to explore. While preserving its character, the revitalization will create a lively yet inviting community with access to a dynamic coastal environment, entertainment options, and waterfront dining for residents to enjoy for years to follow.
As a final piece of advice for interested home buyers, Lennon shares, “For such an important investment, buyers should do their research to make sure a home and the community is the best fit for them. Reach out to a real estate expert with knowledge specific to Dana Point and surrounding area because the more expertise you have on your side, the easier the home buying process will be!”
About:
As a Real Estate Broker with over 300 completed transactions over the last 20 years, Jacqueline Lennon is among the most experienced realtors in South Orange County, specializing in residential listings as well as estates, probates and trusts.
Contact:
Company Name: Sea To Canyon Properties
Contact Person: Jacqueline Lennon
Address: 23811 Aliso Creek Rd Suite 170, Laguna Niguel, CA 92677, United States
Phone Number: 949-275-3192
Email Link: Jacqueline@seatocanyon.com
Website Link: https://www.seatocanyon.com/
Social Media Links:
https://www.facebook.com/SeaToCanyon/
https://www.linkedin.com/in/jacqueline-lennon-72255948/
https://www.instagram.com/SeaToCanyonProperties/
