Dana Point luxury home sells for $6.9 million in less than a month

Luxury home sells at The Strand at Headlands The property was purchased during a live auction last week. BY ASHLY MCGLONEPublished: April 20, 2010 08:27 AM

9 White Water Lane A waterfront home at The Strand at Headlands in Dana Point sold in less than 60 days. The property was sold during a live auction last week. The home's reserve price was $6.9 million, though the final cost is currently undisclosed. The sale – conducted through New York-based Concierge Auctions and Coast Sotheby’s International Realty – attracted about 160 prospective buyers. And, more than 9,000 people from 48 countries clicked onto the Web site to view the property. “I am extremely pleased with the outcome," said Kelly Burt, the seller of the home at 7 White Water Lane. “Concierge Auctions exposed the property to a global audience of qualified buyers and accomplished my objective of selling in an accelerated period of time amidst a very challenging market.” A second home at 9 White Water Lane – also owned by Burt – is slated for auction on May 20 at 2 p.m. at a reserve price of $7.9 million. At more than 11,000 square feet, it features a Spanish-revival style, with six bedrooms and eight baths. An online auction of two separate Strand properties by Newport Beach-based LFC Group of Cos. closed on April 1. Sealed bid offers on the properties at 49 Beach View and 15 White Water Lane are being reviewed. Each had a minimum bid of $7.5 million. The Strand at Headlands sits on 121 acres of beachfront terrain between Laguna Beach and San Clemente. Property offerings include a private Beach Club, a 90-room luxury resort and spa, and 24-hour gated security.