October 2016

Located next to the Montage Resort & Spa in Laguna Beach is a small and upscale neighborhood with 13 existing residential homes.  There is only 1 remaining lot for sale in this development which has recently been listed for sale at $14,888,000.  The ocean view lot is located on the 2nd row of the community and features panoramic views on it's 0.29 acre lot.  Residents who live here get the same access to the Montage Resort as if you were staying at the hotel.  Some of these service include in-room dining, concierge, access to spa and restaurants, fitness center, use of the resort pool.  

So how does the nearly $15,000,000 price point compare to other sales in the community?  Back in September of 2012, 3 Montage Way was on the market for $24,995,000 and

A lot of properties on the market have the potential to be good potential flip properties if they are bought at the right price.  It's the old saying that you make money when you buy real estate and not when you sell.  Buying at a low price will often result in instant equity and leverage the property for sale in the future for a profit. Laguna Beach is one of the most expensive real estate markets in Southern California so it takes a lot of money to "get in the game" versus other neighboring cities.  This also adds a lot of risk and carrying costs while the home is being maintained.  Flip properties have been sensationalized on television as properties that need extra TLC and with enough sweat equity and quality craftsmanship to fix up the property the