This is a Foreclosure sale. Appraisal values the property over $19 million done last year. Clients are just trying to recoup their loan investment. This last remaining trophy property ready for development in the coveted Ritz Cove community of Monarch Beach. This is the definition of a trophy property with breathtaking elevated views of the ocean and golf course. This extra large lot can be developed with a house over 29,000 square feet including the garage. Easy to develop with expedited approval through the City of Dana Point. Build and resell for near $40 million.