Cyprus Cove, San Clemente REO-Bank Owned property deal at 3808 Vista Azul

This unique Frank Lloyd Wright inspired ocean view home, located in the guard gated ocean front community of Cyprus Cove, is currently being offered for sale "as-is" for $2,277,000 as a bank foreclosure. It was purchased in late-2004 for $3,550,000 and then renovated under the direction of architect James Glover.

Outstanding loans prior to foreclosure were over $4,000,000. It was originally offered for sale in October 2006 at a whopping price of $6,800,000 and became Bank Owned in April 2009.

This special home with 5 bedrooms and 4 baths has approximately 4,500 square feet of living space on a large, over 15,000 square foot lot with unobstructed ocean views from almost every room.

Amenities in Cyprus Cove include a community pool and spa, a furnished club house with kitchen, basketball court, tennis court and a large, secluded grassy private park with Koi pond. World-class surfing at Trestles or Cottons is within walking distance. You also have private, gated access to a secluded beach!

This may be one of the best home buying opportunities in Cyprus Cove (or even all of San Clemente) if you are looking to buy an ocean front, updated custom home with ocean views from almost every room for under $3,000,000. This home should sell very quickly based on the flurry of activity (rumored to have 5 "cash" offers, plus others) and showings already at this home.

View and compare all sold homes in San Clemente at San Clemente Sold homes.

View details of a Spanish Style home that was listed by the Hartanov Team at CyprusCoveHome.com.

To schedule your private showing of other Cyprus Cove homes for sale, contact The Hartanov Team at 949.481.3739.

UPDATE: July 21, 2009:
This home closed escrow on July 21 for $2,600,000.