Located south of Aliso Viejo and north of San Juan Capistrano, the city of Laguna Niguel is one of South Orange County’s most desirable areas. In the past few years, the area’s appeal has become even more desirable with new IT jobs and millenials making it their home.
As is the case in many places in Orange and L.A. County, those with high income in the tech industry are displacing lower income residents in areas that are adjacent to high tech hubs.
To remain competitive, people who are 55 years and older still have their own community in Laguna Niguel known as Monarch Summit II. Here residents are able to enjoy some great views of the ocean and hills, with an ideal climate that is breezy and a natural environment.
It has convenient access to Monarch Beach as well as the beautiful beaches of Dana Point and the Southern part of Laguna Beach.
— Monarch Summit II is a 55+ Age restricted community and features 190 single-story homes built in 1976 ranging in price from the Low $700s to the low $900s. Many homes have modernized interiors with granite counters, vaulted ceilings, new appliances and upgraded flooring.
Home come with floorplans varying from 2 to 3 bedrooms, 2 bathrooms and two car garages and living areas of 1400 sq. ft. to 1700 sq. ft.
There are HOA dues which pay for pool and spa maintenance, recreation facilities, a clubhouse in addition to professional landscaping.
This neighborhood offers not only affordability for people 55 years and up but also convenience to shopping, entertainment and all that Orange County has to offer.
Reasons to Buy
Statistics from the California, CoreLogic, Real Answers, S&P/Case-Shiller, FHFA report that:
– Homebuying is consistent, going up 0.1 percent in the quarter and 2.6 percent from the previous year.
- Local home values continue to increase, going up 1.5 percent in the third quarter and 6 percent annually.
Other nearby 55-plus communities in South Orange County include the Talega Gallery community in San Clemente and the new community of Gavilan & Esencia in Rancho Mission Viejo.
It’s important to use a knowledgeable real estate agent to help with contract negotiations and industry insider statistics about the community.