Dana Point Luxury Homes and Estates are Wise Investments

Dana Point luxury homes and estates are one of the best means for living well while enjoying a property that will appreciate in value. The city of Dana Point is located in the southern portion of Orange County, CA. The place is a popular destination for surfers and tourists from around the world. It takes its name from the headland area of Dana Point which was named after Richard Henry Dana who included a description of the site in his famed travel journal, “Two Years Before the Mast.” While Dana tagged the anchorage here as poor, there is now a dredged harbor and marina that contains a replica of “The Pilgrim,” the ship Dana sailed on. It is a classroom for the Ocean Institute and is a registered historical landmark

In 1926, the Chandler family that owned the LA Times and General Sherman who was the Director of the Pacific Railway Corporation created the Dana Point Syndicate to develop real estate in the area. Investors were invited to join them in purchasing 1,388 acres in the vicinity. In the initial phase, 35 homes and several commercial structures were built. Plans called for tree lined streets, utilities, water mains, and sewer lines. Most of the historic structures that remain from this area are in the Lantern Village neighborhood

Newport Beach Facts and Data

  • Population in 2010: 85,186

  • Population change since 2000: +21.6%

  • Males: 41,973 (49.3%)

  • Females: 43,213 (50.7%)

  • Median resident age: 44.0 years

  • California median age: 45.6 years

  • Zip codes: 92658, 92659, 92660, 92661, 92662, 92663.

  • Newport Beach Zip Code MapEstimated median household income in 2011: $104,435 (it was $83,455 in 2000)

  • Newport Beach: $104,435

  • California: $58,931 Estimated per capita income in 2011:$76,973

  • Newport Beach city income, earnings, and wages data

  • Estimated median house or condo value in 2011: $1,000,001 (it was $675,800 in 2000)

  • Newport Beach: $1,000,001

  • California: $384,200

  • Mean prices in 2011: All housing units: $891,227;

  • Detached houses: $1,048,944; Townhouses or other attached units: $622,853;

  • In 2-unit structures: $827,728; I

  • n 3-to-4-unit structures: $664,865;

  • In 5-or-more-unit structures: $442,786;

  • Mobile homes: $50,568;

  • Occupied boats, RVs, vans, etc.:$170,161

  • Median gross rent in 2011: $1,774.

  • Read more: http://www.city-data.com/city/Newport-Beach-California.html#ixzz27ilZ2MU3

City Grew Increasingly Affluent

The Great Depression temporarily halted the development of Dana Point, but the Doheny family became involved in developing the era at the end of the 30’s. They pioneered a housing style that featured red tiled roofs and large ceiling beams in the main rooms. Low pitched gables spread along the roof line. The design soon became a California classic

Hobie Alter opened a surf shop here in 1954 that helped popularize both the sport and this spot as one of the premier places to practice it. Dana Point luxury homes and estates allow their owners to participate in the sort of celebration of life that Hobie Alter symbolized

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