The residential real estate market has seen a lot of changes in the last couple months as the market is starting to shift back into a seller's market. When this happens real estate prices tend to go up as inventory of available homes is very limited. Finding a single family home under $500,000 is almost a thing of the past unless you know were to look. Here is a quick guide to the best communities to find these great deals!
First, the Tocayo Canyon community has always been well known for offering some of the lowest priced single family homes in the San Clemente. Located in the Forster Ranch area of San Clemente which is situated on east side of the 5 freeway off the "Camino De Los Mares" exit. Head inland about one mile and the community is located off Camino Del Los Mares and Portico Del Sur streets. Homes that are often priced under $500,000 will feature two to three bedrooms with an attached 2 car garage as pictured below. The community offers one and two story homes with small front and backyards. There is even RV parking at an additional cost which is located at the end of this community and is a huge plus that most neighborhoods will not offer.
The second community is the Colony Cove neighborhood as pictured below. A small caveat here is that one of the owners must be at least 55 years old in order to be eligible to purchase in this community. Even when leasing the home out one of the occupants must be of this age as well. If you do qualify these are great small cottages located on the bluff overlooking the ocean. Not all of these cottages will have a view but all of them do offer a beach close location on the north side of town. Beach cottages in Colony Cove currently start at $485,000 and go up to $489,000 for a two bedroom cottage built in 1964.
The last place to look is the Vista Pacific Del Gado community. These homes are all single level and also built in the 1960's. These are absolutely adorable units that have a lot of charm to them and come with interiors spaces that offer wood beam ceilings and private outdoor patio areas. The community offers a central pool, spa and large grass area for children and pets to play. If you don't mind a healthy exercise down a steep hill then getting to the beach is an easy 20 minute walk. The homes even come with a detached garage as pictured below.
San Clemente is a great place to live and can be very expensive unless you know where to look. Please contact us at 949-291-0424 with any questions about the area and to learn more about investing in the local real estate market.
San Clemente 715 Avenida Columbo
Great opportunity for Investor or Developer. This property has breathtaking ocean, harbor and city lights views. Home sits on a private cul-de-sac and backs to the canyon area. Construct a new dream home on this desirable lot to live in or flip as an investment. Current structure is yellow-tagged and the slope will need to be reinforced to meet current codes. Buyers should conduct their own inspections, evaluations and consult engineering professionals.$349,000