I think the property is 24382 Lantern Hill Dr C in Dana Point. It is a single level condominium which is Bank Owned (REO). They are asking 415,000 for a 2 bedroom, 2 bath 1200+ sf. condo. with association dues of $400 per month. The property is vacant.
you would like to see the multiple listing for this property, I can email it to you. Also, if you feel comfortable, let me know what your dream house is and I'll run the multiples and see what I come up with and can send those to your email as well.