32791 Del Obispo St - Dana Point 2 Acre Lot 2 Acres of Residential Land Offered at $4,606,536 CAD in Dana Point, CA 92629

Rare 2-Acre Residential Development Opportunity | Del Obispo Street, Dana Point, CA Presenting one of the last large, undeveloped residential parcels in Dana Point — a prime 2-acre infill opportunity with substantial development potential. Nestled on Del Obispo Street in the northern section of Dana Point, this property offers both location advantages and zoning flexibility, making it ideal for developers seeking high-value coastal land in Southern California. Property Overview Total Lot Size: ±2.0 Acres Zoning: RSF4 (Residential Single Family, 4 units/acre) By-Right Subdivision Potential: 9 Single-Family Residential Lots Existing Structure: Circa 1952 Farmhouse (Concrete Block Construction) Topography: Gently Sloped Access: Legal access via adjacent parcel (access rights recorded) The existing structure is a former farmhouse built in 1952 using concrete block construction. While the structure still stands, it is outdated and not conducive to modern redevelopment plans. It is likely a teardown, with the value clearly in the land and the development potential it presents. Zoning and Development Potential The current RSF4 zoning permits up to 4 residential units per acre, allowing for a total of 9 lots by right across the 2-acre parcel. The site’s relatively gentle slope enables easier grading and infrastructure planning, and neighboring properties have shown a history of cooperation — an encouraging factor for entitlement and utility connection processes. In addition to the current RSF4 zoning, the City of Dana Point maintains a range of residential zoning categories, including: RSF7 (7 units per acre) RSF12 (12 units per acre) RSF22 (22 units per acre) These higher-density designations present a future rezoning opportunity for developers seeking to maximize land use. For reference and due diligence, the Dana Point Zoning Code can be accessed here: Dana Point Zoning Code Access and Infrastructure The parcel currently utilizes an access road located on an adjacent property, and the seller holds recorded access rights. Neighboring owners have been cooperative, streamlining future improvements and subdivision efforts. Prime Coastal Location Located in the northern corridor of Dana Point, this property benefits from exceptional proximity to both regional and local amenities: Minutes from the I-5 Freeway, offering seamless access to Orange County, San Diego, and Los Angeles Just a short drive from Mission San Juan Capistrano, a historic landmark and vibrant town center Close to Dana Point Harbor, which is undergoing a major redevelopment, projected to bring new commercial, retail, and lifestyle amenities to the area Nearby luxury resorts including the Waldorf Astoria Monarch Beach and the Ritz-Carlton Laguna Niguel Easy access to local beaches, hiking trails, and coastal parks Area Demographics and Market Trends Dana Point is renowned for its upscale coastal living, strong community identity, and strategic position between Laguna Beach and San Clemente. The surrounding neighborhoods boast high median home sales prices, with consistent buyer demand for new construction and modern single-family homes. This particular area continues to see strong investor and homebuyer interest, bolstered by limited available land and a lack of comparable infill opportunities. Investment Highlights One of the last undeveloped infill sites in Dana Point Zoned RSF4, allowing 9 residential units by right, with potential for higher density through rezoning Tear-down farmhouse on-site — primed for immediate redevelopment Excellent location near freeway, harbor, resorts, and historic districts High-value area with strong home prices and buyer demand Legal access via adjacent parcel, with cooperative neighboring owners Gentle topography, simplifying future infrastructure and grading plans Conclusion This property represents a rare and highly desirable opportunity to acquire and develop land in one of Orange County’s most sought-after coastal cities. Whether you’re planning a 9-lot subdivision under current zoning or considering a more ambitious project through entitlement enhancements, this site offers the location, zoning framework, and upside potential that are increasingly hard to find in today’s constrained coastal market. Don’t miss the chance to shape the future of Dana Point residential living. For more information, site tours, or development consultation, please contact the listing agent.