Cypus Shore Ocean View Property: 4016 Calle Louisa - $2,999,000 - Exclusive San Clemente Gated Community with Private Beach Access!

Rarely a great ocean view property comes on the market in the gated community of Cyprus Shore under $3 million. 4016 Calle Louisa has come on the market and is a great buy!!. A legendary community of ocean front properties, world class surfing, private beachs, views beyond belief from Cottons Point to Dana Point with the Islands in between. This is an incredible opportunity for you to own this beautiful contemporay single level home offered at the LOWEST PRICE OF ANY PROPERTY CURRENTLY ON THE MARKET in Cyprus Shore. This is truly a beach lifestyle with community pool, tennis courts, spa, club house and park. Offered at $2,999,000. Listing courtesy of Century 21 OMA

Short Sale and Home Foreclosure Debt Cancellation Information

Update Feb. 4, 2008 — The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.
This provision applies to debt forgiven in 2007, 2008 or 2009. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion doesn’t apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home’s value or the taxpayer’s financial condition.
The amount excluded reduces the taxpayer’s cost basis in the home. More information on claiming this exclusion will be available soon.
The questions and answers, below, are based on the law prior to the passage of the Mortgage Forgiveness Debt Relief Act of 2007.

Magnifcant 6,000 Square Foot Waterfront Home with Boat Dock - Weekly Rental - 16989 Edgewater, Huntington Beach, CA

Luxurious Weekly Rental. This Custom French Estate in Huntington Harbor accomodates 18 people with a 60' foot boat with strking views of the water & ocean. Expanisve floorplan with dramatic entry way with 45 foot ceilings. Renting this property will be the most unforgetable vacation you will ever have. Water & Sunset View from the Living, Dining, Kitchen, Master Bedroom & Bath, 2nd Family Room & Patio and a Huge Rooftop Deck with Expansive Views of the Ocean and Perfect for Entertaining. The master bedroom suite opens up to a balcony looking directly out at beautiful Huntington Harbor. Private Elevator with access to all 3 levels & private front & back balconies. The most impressive room in this home is the waterfront great room. It combines towering ceilings, with a huge bar, fireplace, pool table, family room, and dining room. The great room area alone is 2000+ square feet. The couches can be moved in this room to create a perfect area for a dance floor if you have a special event.$7,000/week and $350 cleaning fee. Call Sam Smith for available dates. House sleeps 18 people comfortably.

Online Real Estate Search Surpasses All Other Media

Research now shows that consumers are 500% more likely to sell a home through the Internet than through the newspaper according to the 20007 National Association of REALTORS Profile of Home Buyers & Sellers. It's an important to choose a Realtor that understands how to advertise your home over the Internet vs traditonal print media. The website for Beach Cities Luxury Homes is perfect example of showcasing your home for sale (www.bclh.com). Email me to get a free market evaluation of your home.

O.C. Home Prices Rise For 1st Time In 7 Months In June

O.C. home prices rise for 1st time in 7 months in June according to the Orange County Register.
July 16th, 2008, 9:22 am · posted by Jon Lansner / O.C. Register columnist
DataQuick’s final stats for June show the median home-selling price at $495,000, a 2% increase above May — though pricing is still down 23.3% vs. a year ago. That’s when the current all-time high of $645,000 was set.
We chose to note the monthly price increase, certainly a modest one, because it’s the first time price have increased month-to-month since November. Even with steep discounting, Sales remain sluggish: June buying was 26.9% below a year ago.At the local level, only 6 of 83 O.C. ZIPs saw improved pricing vs. a year ago. (The ZIP-by-ZIP analysis of OC Resales for June is HERE!)

Price Reduction: 34 Marana - Sea Pointe Estates, San Clemente, CA - $1,995,000

34 Marana has just lowered their price to $1,995,000 today (7/11/08) in Sea Pointe Estates. It was previously listed for $2,100,000. It has 4 bd/4ba and approx. 3800 square feet on at 11,100 square foot lot. Here is a brief description from the listing broker "Come enjoy life at the top of San Clemente in prestigious guard-gated Sea Pointe Estates! Commanding views of the ocean and white water by day and romantic views of the city lights at night, from the moment you enter the dramatic 2-story entry foyer of this newer, custom-built masterpiece. Newly built with all the upgrades including travertine flooring, a speclatular kitchen, built-in sound system inside and out. One can enjoy or entertain friends and family in the large, flat, private backyard with spa as you pass through the over-sized double sliding glass doors. An additional game room with wet bar and large deck to enjoy the views. A main floor master suite makes this a very rare find indeed! Association pool, tennis courts and clubhouse. Near award winning schools, freeway access, shopping, restaurants and theaters. Come enjoy luxury living by the beach! Photo & listing info courtesy of Thomas, Jerry of Coldwell Banker.

Please contact Sam Smith at 949-444-1901 or info@seapointeestates.com for info on this or any Sea Pointe Estates properties. Sea Pointe Estates Blog courtesy of Beach Cities Luxury Homes.

Sales Trends For Orange County, CA - Condo Sales Under $500,000 Are Up - Investors Are Back In The Market!

Here Are All The Sold Units for Orange County, CA over a 12 month period from May 2007 to May 2008. The Red Markings Show Sales in Single Family Homes & the Blue Markings are Condo's Sales. Bottom chart shows all price ranges and Top chart shows solds in the under $500,000 price range. Notice the increase in SFR sales in the under $500,000 range. Investors are coming back into this market and picking up the bargain basement prices on condo's under $500,000. This is a great time to pick up great buys!