ORANGE COUNTY, CA (Feb.13, 2012) – Voit Real Estate Services’ San Diego office has successfully directed the sale of Mare Altura Villas (top centered photo), a partially completed, ten-lot residential development in Dana Point, Calif. for a total consideration of $2.85 million.
The property consists of three partially finished homes and seven finished lots, according to Tony O’Neill, Vice President in Voit’s San Diego office.
O’Neill worked with Kendrick Askew (lower right photo), a Vice President in Voit’s San Diego office, to represent the seller, East West Bank. The property was acquired by a private investor.
“The single-family home market is improving in the area, and the buyer intends to move forward with the completion of the project and sell the homes,” said O’Neill. “Completion of the transaction involved complex analysis of the site’s current condition, entitlements and title matters.”
The property is located at 35200 Del Rey Street in Dana Point, Calif.
Contact:
Judith Brower/ Jenn Quader
Brower, Miller & Cole
(949) 955-7940
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