A mansion in Monarch Beach’s Ritz Cove community has sold for $4,599,900 making it the year’s fourth highest sale for the Dana Point.

The Mediterranean style home in Ritz Cove was first listed for $5.999 million in June 2010. It sold last week for $4,599,900 or $671 per square foot. It features four bedrooms, five bathrooms, 6,850 square feet of living space, two levels and ocean views.

The listing boasted ocean views from almost every room, new exterior paint, an elevator, a four-car garage, a huge game room with bar and doors opening to ocean view, a yard with a spa and new BBQ bar, new carpet, beautiful sweeping staircase with new carpet and refinished dark wood stairs and new dark wood floors in formal living and dining rooms, family room and master bedrooms. It also has new travertine floors in kitchen nook, kitchen and bathrooms. There is a gourmet kitchen with a center island, refinished cabinets, new appliances, fixtures and granite counters. The home has $525 monthly HOA fees.

This mansion is the fourth-priciest MLS-recorded home sale in the Dana Point area for last year. It is 3 sales behind the reportedly record-breaking $14.15 million sale of an oceanfront home in the Strand at Headlands in April, a $6.35 million sale of another home in the Strand community in July and a Niguel Shores home sold for $5.05 million in February.

Source: South Coast Homes

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