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Rancho Ortega Blog discusses matters of public interest in South Orange County, including the communities of San Juan Capistrano, Ladera Ranch and Rancho Mission Viejo.

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Largest Custom Lot in Covenant Hills Hits the Market

Described by the listing agent as the “largest lot in all of Covenant Hills,” 15 Coral Blue hit the market over the weekend.  This one checks all the boxes for a would-be custom home owner: over half an acre of space, unobstructed views and plenty of privacy (the lot has no direct neighbors on any side).  Granted, it is an odd shaped lot (note the overhead image below), but we are sure a creative owner could come up with good use for all that space.  Best of all, the asking price is eminently reasonable: $725,000.

15 Coral Blue (image source: Redfin)

Note that the lot changed hands in February 2014 for $670,000, so it is unclear why the sellers are selling it so quickly.  The price does not indicate an attempt to flip the property for a profit, so maybe they had second thoughts about the custom home building process.

Below is the property description from the listing:

LARGEST LOT in all of Covenant Hills – This corner lot, approximately 29,000 sqft (just over half an acre), is privately situated along side a greenbelt with no direct neighbors on either side! Lot offers beautiful panoramic views of Saddleback mountains, canyons & distant ocean views from 2nd story. Ladera Ranch is an award winning community with many parks & amenities such as a skate park, water park & pools. Covenant Hills is an exclusive guard gated, master planned community of million dollar Custom Homes in Ladera Ranch.

The Redfin listing is available here.

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