Home for Sale at 18620 Cabrillo Highway, San Simeon, CA 93452

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18620 Cabrillo Highway
San Simeon, CA 93452

Pete Clark with Clark Land Company, original listing - (805) 238-7110

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Property Details

List Price:	$17,300,000
Beds:	7
Baths:	Full: 8, ½: 1
Status:	Active
SqFt:	5100 Square Feet
Agency:	Clark Land Company
Agency Phone:	(805) 238-7110

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Description/Comments

Lot Size:	5 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2020
Notes:	Crowned atop the majestic ridges of Ragged Point, Dewpoint Lookout is a 5.24± acre sanctuary offering an unrivaled coastal panorama of the Pacific Ocean. This rare estate masterfully merges the pinnacle of privacy with effortless accessibility, establishing a secluded haven for the most discerning buyer. The property features a suite of exquisitely designed enhancements: a spacious 3,400± square foot main residence, an inviting 600± square foot guest cottage, an expansive 1,600± square foot garage, and a charming 1,100± square foot auxiliary cabin. Every element has been impeccably appointed, utilizing a design language that harmonizes with the raw, exquisite beauty of the surrounding landscape. Inside the main dwelling, state-of-the-art technological integrations, premium-grade appliances, and carefully selected furnishings converge. Complementing these refined interior spaces, outdoor amenities include a dedicated putting green and the provision for a private helistop, collectively transforming this remarkable coastal asset into the ultimate personal refuge.
MlsNumber:	--
ListingId:	NS25278715

Listing Provided By:	Clark Land Company, original listing
Phone:	(805) 238-7110
Office Phone:	(805) 238-7110
Agent Name:	Pete Clark
Disclaimer:	Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

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