On Dec. 9, Encinitas-based homebuilder Zephyr is set to begin selling the South Cove project at Del Obispo and Pacific Coast Highway. (Courtesy: Zephyr)

Dana Point is getting 168 new condominiums on Pacific Coast Highway. (Courtesy: Zephyr)

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South Cove is next to the landmark Denny’s restaurant and across the street from Doheny State Beach. (Courtesy: Zephyr)

South Cove will offer three styles of homes in 34 structures. (Courtesy: Zephyr)

Zephyr paid $50 million in 2015 for the 9-acre site, once a mobile home park that surrounds a shopping center. (Courtesy: Zephyr)



South Cover comes to market after homebuying in Dana Point outpaced countywide sales activity in the third quarter. (Courtesy: Zephyr)

Dana Point is getting 168 new condominiums on Pacific Coast Highway.

On Dec. 9, Encinitas-based homebuilder Zephyr is set to begin selling the South Cove project at Del Obispo and PCH, next to the landmark Denny’s restaurant and across the street from Doheny State Beach.

South Cove will offer three styles of homes, in 34 structures, running from one to three bedrooms; some with rooftop patios; 10 will have live-work space on PCH …

Aliso: Single-level flats, 1,404-to-1,943 square feet; priced from $936,999.

Trestles: Multi-level townhomes, 883-to-2,126 square feet; priced from $572,990.

Strands: Multi-level twin homes; 2,030-to-2,038 square feet; priced from $1.54 million.

South Cove will sell 17 of the smaller Trestles condos to lower-income buyers: one-bedroom, one-bath homes from 883 to 900 square feet. Successful applicants for the city-mandated sales will have no more than three residents and yearly income under $95,000 — depending on household size.

Zephyr paid $50 million in 2015 for the 9-acre site, once a mobile home park that surrounds a shopping center. South Cove also will include a surf-themed community park

“As the first project of its kind to be built in Dana Point in more than 25 years, the community is filling a void,” says Zephyr Chief Operating Officer Chris Beucler.

South Cove comes to market after homebuying in Dana Point outpaced countywide sales activity in the third quarter. CoreLogic for the July-to-September period vs. a year ago shows sales in Dana Point rose as 181 residences were purchased this year vs. 172 a year ago. That’s a summertime gain of 5.2 percent vs. an increase of 2.2 percent countywide.