Del Mar Hilltop

Remember the top-of-the-hill Del Mar lot that was auctioned off for $4,000,000, and then they added the 10% vig?

2 Comments

WC Varones on November 25, 2015 at 9:22 am

What are construction costs realistically at the high end? $1000/sqft? $1500/sqft?
Lt on November 27, 2015 at 7:54 pm

I bet that house could be built for $500/sq ft, or $4 million. But even if you allocate $1000/sq ft, that’s only $8 million. Plus the lot, that’s around $12 million. Palmer is trying to double his investment. Seems ambitious to me.