Coto de Caza homes are among the most desirable in the Orange County Real Estate market, but there are bargains to be found.
Bank Owned Homes For Sale in Coto de Caza
You’ve heard how it is a Buyer’s Market today in Real Estate – and even in the prestigeous guard-gated neighborhood of Coto de Caza, California you can find a great home to buy for a great price. Today, you can pick up any of the 12 Bank Owned homes for sale in Coto de Caza for a screaming deal. Three condos and nine single family homes are waiting for you to buy them at unbelievable prices! Current average LPSQ (list price per square foot) for Bank Owned homes for sale in Coto de Caza is $241 – compared to the average list price of $394 for all Coto homes on the market (excluding the custom and equestrian estates in Los Ranchos) with equity owners.
Excellent Value on Condos in Coto de Caza
For example, you may want to check out this 3 bedroom 3 bath attached condo with almost 1700 square feet of living space and a two car attached garage in the Coto de Caza tract know as Andalusia for sale at $519,900. Again, this is a bank owned property, you will get a promt reply to your offer and be expected to close escrow quickly, usually in 30 days or less.
Detached Homes in Coto de Caza Offer Great Opportunity
If you are looking for a larger home to buy in Coto de Caza, conisider this home in Tapestry tract with 5 bedrooms 5 baths and 3700 square foot, granite, stainless steel pool home with canyon views for $1,190,900 (last sold in April 2007 for $1,275,000.) 
This house in Coto de Caza is right on the the 14th hole of presitigous Coto de Caza Golf and Raquet Club South Course, this home is worth taking a hard look at. It sold 17 months ago for $1,195,000 – that’s a price reduction of $315,000.00! Or compare the price per square foot – listed at $293 per square foot of living space – last sold for $398!
Some one will make out like a bandit on these homes – why not you? Savvy buyers with their eyes on the market are buying homes like these very quickly – they see the value and the unbelievable opportunity.
Short Sale Homes for Sale in Coto de Caza
There are presently 24 homes for sale in Coto de Caza that are listed for sale as Short Sales, In Foreclosure, or in Notice of Default. Generally, this means that the owner can no longer make the mortgage payments, and will have to sell for less that what they owe the bank. This process is one that requires a great deal of patience on the part of the home buyer, since it can often take two to four months to get a response on your offer, and there are usually multiple offers presented to the bank during that time frame. But the opportunity to get a fabulous home at a discounted price can make up for the inconvenience.
Short Sale Condos for Sale in Coto de Caza
This home for sale in the Coto de Caza tract called Andalusia has been on the market for just over one week and is listed at $499,900. It has three bedrooms, three baths, and a two car attached garage and is almost 1600 square feet. Compared to the Bank Owned listing featured above, it doen’t seem like a better deal, untll you notice that it has a view, a large grassy yard, and a covered patio. Get your offer in quickly on this one!
There are two other Short Sale condos on the market in Coto de Caza – both in Los Verdes. Both are is on the non- golf course side of the street, but one of them has an in-ground spa.
Short Sale Single Family Homes for Sale in Coto de Caza
The Short Sale single family detached homes for sale in Coto de Caza range from 1842 sq ft 3 bedroom 3 bath home in Chantemar on the 16th fairway of the South golf course with a pool for &749,000 
to a custom compound in Los Ranchos featuring a pool and an indoor tennis court for $9,999,836.
Somewhere in the middle of these in price, and located in the middle of Coto de Caza, there’s a semi-custom pool home with stunning views that last sold in 2005 for $1,700,000 now offered through a Short Sale for $1,390,000.
So, with a little bit of something for everyone, it is clear to see that much like many other neighborhoods in Orange County, Coto de Caza has some great homes for sale offering a great opportunity for a buyers who are willing to have patience and perserverence.
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