South Cove FAQs

January 30, 2018

COMMUNITY OVERVIEW

WHAT MAKES THIS COMMUNITY SPECIAL?

South Cove is Dana Point’s only barefoot community that exudes laid-back luxury in a highly coveted coastal setting. This is the first community of its kind in Dana Point in over 25 years. Located on Pacific Coast Highway & Del Obispo, South Cove offers immediate access to Dana Point Harbor and Doheny State Beach.

South Cove offers 1, 2 and 3 story flats, townhomes and twin homes, all with attached garages. Ranging from 883 to 2,126 SQ FT, these homes feature balconies, rooftop decks, ocean views and highly appointed interior finishes.

WHEN IS SOUTH COVE OPENING?

South Cove is now open! Visit our sales office and 3 beautiful models- we’re open 7 days a week from 10 am – 5 pm (Wednesday 12 pm – 5 pm.)

HOW IS SOUTH COVE IMPROVING THE COMMUNITY?

Dana Point is the birthplace of surf industry and has a storied legacy full of surf and beach culture. South Cove along with the City of Dana Point have entered into a public/private partnership to build a public park to give the entrance to the city the recognition it deserves.

The public plaza fronting Pacific Coast Highway that boarders South Cove will feature 10 life size sculptures of famous surfers from the area, created by Bill Limebrook. There is also a full scale Hobie Cat sculpture planned by artist Lance Jost, to memorialize Dana Point legend Hobart Alter, inventor of the foam surfboard. For more details about the park, check out our blog at www.LiveSouthCove.com/Blog, there has been a ton of local news coverage released and we will keep you up to date on all new information on the blog and via our email newsletters.

SALES PROCESS

WHEN WILL YOU BEGIN TO SELL HOMES?

We are now selling homes in Phase I! Visit the sales office to tour any of our available homes today.

WHAT IF I WANT TO USE MY OWN LENDER? WHY DO YOU HAVE A PREFERRED LENDER?

Of course! All lenders are welcome, but we do require pre-approval through our preferred lenderOur preferred lender is an unaffiliated lender that we consider a true part of the South Cove team. Not only are they all well versed in the product and the nuance of the community, we know our preferred lender will give you the white glove service you deserve.

DO YOU OFFER A LENDER INCENTIVE?

Yes, we do offer a $10,000 lender incentive for working with our preferred lender. South Cove pays for this incentive and neither the community nor the developer receive any compensation from our preferred lender. For more information, please contact our preferred lender at 949-500-6974. NMLSR ID 484146.

I AM INTERESTED IN A LATER PHASE. WHAT DO I DO?

Don’t wait to get pre-approved, you still want to do that NOW! You can choose to pass on this Phase and stay on the list in your position for future phases.

WHAT WILL THE PRICES BE IN LATER PHASE?

Pricing will be released at the time each Phase is available for sale.

CAN I CHANGE OR CUSTOMIZE MY HOME?

The homes in Phase I & Phase II have designer selected finish packages and options added to them already. This allows our homeowners to move in sooner, rather than having to wait! In the first two phases, we cannot accommodate design package, option or appliance changes. You will be able to add and customize window coverings and a washer/dryer through our options program if you purchase a home in Phase I or Phase II.

CAN I RENT MY HOME AFTER PURCHASE?

Yes, but there are restrictions. Homes may be rented for a minimum of 30 days. Seller reserves the right to limit the number of non-owner occupied units. Purchasers will be given a complete set of CC&Rs and a Residential Handbook to review.

WHAT IS YOUR PRICING?

Please see the Available Homes Page for Phase I pricing. The first two phases will be fully upgraded with designer selected finish packages and additional options. Offering the homes finished allows for homeowners to be able to move in sooner!

WHAT ARE THE HOA DUES?

The HOA dues cover: Common area landscaping, workout stations, a resort-style pool and spa with cabanas, pool bathrooms with dressing areas and dressing rooms, exterior maintenance of buildings, insurance on buildings and common areas and more.

The estimated HOA dues at build out are between $304-$398 per month. The estimated tax rate is 1.2%. There is no CFD and there are no Mello Roos.

DO I NEED A REAL ESTATE AGENT TO PURCHASE A NEW HOME?

Our sales team will assist you before, during and after your new home purchase. The choice to work with a real estate agent is your own, but our sales team is here to help you through the entire process whether you choose to use an agent or not.  If you do use an agent, you both must register at the time of first contact with the South Cove sales team by signing a broker registration form.

I’M A BROKER, WHAT DO I NEED TO DO TO REGISTER MY CLIENT?

We do honor broker co-op; please click here to download a broker registration form. If you are a client that is using a real estate agent, you must submit a broker registration form at the time along with your pre-approval paperwork. It needs to be signed by both parties.

WHAT ARE THESE ‘AFFORDABLE’ HOMES I’VE HEARD ABOUT?

South Cove will have 17 one bedroom residences designated as “Income Qualified homes.” These homes are  Trestles 883 and Trestles 900 floor plans and offered throughout the community. For more information, please visit www.IncomeQualifiedDanaPoint.com.

I AM INTERESTED IN A LIVE/WORK RESIDENCE, WHAT DO I NEED TO KNOW?

There will be 10 live/work residences available in phases 5 and 9, fronting the westerly park plaza on Pacific Coast Highway. You can see plans and locations on the community site plan on  the website. Uses and restrictions will be subject to the CC&Rs and the city of Dana Point. More information will be released when they go to sale, but remember, the earlier you get pre-approved, the better chance you have to get the home you want!

WHAT AMENITIES ARE INCLUDED?

The most treasured amenity is the city of Dana Point itself. The access to walking trails, connected park system, the harbor, beach, restaurants and shops are all easily accessible to South Cove homeowners and allow for true barefoot living. Included in the community are a resort-style pool and spa, pool cabana with baths and dressing areas, workout stations and trails and of course, the public park plaza fronting Pacific Coast Highway.