Something is wrong with the price of this condo---$23 MILLION?????

Mary
Home Buyer
Florida

25422 Sea Bluffs Drive, #104, Dana Point, CA 92629
Was price for ENTIRE development of The Fountains at Sea Bluffs???

Answers (2)
Cynthia Fleming
Agent
92651

Where did you see this listing? I cannot find it in MLS under residential, residential income, land, commercial, business, etc. Let me know, because now I am curious. You can email me at: cfleming@coldwellbanker.com. Thanks.

Sun Nov 9 2008, 20:23
Thom Colby
Broker
California
FIRST ANSWER

That unit shows (in the public tax records) that it sold for just over $23 Million in 2005. This same sale it also attached to several other units at the same address. In addition, (per the public tax records) there is a loan attached to all of the same units of $405+ Million. These units may be part of a securititized package loan or some other credit instrument.

There have been no sales at that address in the past 5 months.

Sun Nov 9 2008, 08:09

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