What a flip!
This sold for $4,100,000 in 2014, was rebuilt, and then sold for $10,700,000 two years later:
https://www.zillow.com/homedetails/4533-Orrington-Rd-Corona-Dl-Mar-CA-92625/25503497_zpid/
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
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- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
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CA DRE #01527365, CA DRE #00873197
Comment Quality rebuild in a great area is no-brainer…even if you tear down and rebuild as shown by this record sale. Quality will sell at a premium price. It is happening here along the beach areas as we speak especially del mar, cardiff, encinitas etc of tear down and remodel, and after looking at the population projections in the future for san diego county more people and higher demand to live closer to the coast as it gets more congested such as plans for the future build in mira mesa,etc.
My advice is buy the neighborhood, you can always remodel and if can afford it just to get in. I also like rancho santa fe which is 6 miles to the beach …min lot size there is going to be a premium in the future as San Diego becomes bigger and more congested and there you have your cake and eat it too.
A well built house, but over $10m for compromised ocean views?
“A well built house, but over $10m for compromised ocean views?”
I like sandwiches, but $6.29 for a loaf of organic bread??