A tour of a property that had been on the market since March, but because it was a good-looking 5,328sf one-story in a convenient location, the right buyer came along. This closed for $2,800,000 last month:
Every oceanfront condo with a view in Solana Beach has been selling for well over $1,000,000 – the lowest this year was $1,130,000. If you don’t mind walking a few steps to get to the beach, you can get a nice buy on my new listing – only $899,000!
Open house 12-3pm Saturday February 24th.Zillow listing
This just closed for $1,068,000 – needs TLC:
The City of Solana Beach has made some incredible demands of their oceanfront homeowners, and our great friend and client Larry Salzman is fighting back!
The City of Solana Beach enacted regulations to prohibit beachfront owners from building retention walls or other protective structures to safeguard their homes from erosion unless they agreed to grant public access to their property.
The regulations also require homeowners to grant public access as a condition for a permit to repair damaged staircases that provide beach access from their homes.
A coalition of homeowners challenged the regulations as violating the California Coastal Act and the constitutional prohibition on takings without just compensation. The San Diego County Superior Court invalidated the regulations to the extent they required public access as a condition for protecting existing homes or repairing existing staircases, but refused to invalidate the regulations as applied to future development.
Read more here:
“Coastal homeowners have a right under California law to protect their homes from erosion with a seawall, with some qualifications written into the California Coastal Act. The City of Solana Beach’s land use policies take that right away, undermining both property rights and public safety.”
A video tour of a Solana Beach condo that sold for $1,638,500 last month:
This sold for $1,139,000 cash on 8/30/17:
Congrats to Brian who has had the middle parcel listed for sale since 2007!
Hat tip Richard:
One of San Diego’s most popular beaches could soon be getting a luxury resort.
Two Encinitas based companies specializing in hospitality development – The Robert Green Company and Zephyr – acquired a 16 acres oceanfront parcel in Del Mar, just north of Dog Beach.
They plan to build a luxury resort, and want input from the public.
“What we’re really doing is announcing a process where we go out and hold a series of community meetings to really define what the plan is,” said Brad Termini, CEO of Zephyr.
Termini said he and Robert Green, of The Robert Green Company, have been working to acquire the site for over a year.
“There actually are eight parcels here, owned by three different local families that have owned this land for a very long time,” Termini said.
The land sits north of Del Mar’s popular Dog Beach, south of Solana Beach, and west of the Del Mar Fairgrounds.
“It’s essentially a large triangular-shaped property and because of its shape it creates spectacular views in multiple directions,” said Robert Green, President and CEO of the Robert Green Company.
According to Zephyr and The Robert Green Company, plans are not finalized, but include a luxury resort, branded resort villas, restaurants and meeting space.
Both Green and Termini are local San Diegans. Termini lives a quarter-mile from the site and Green was born and raised in San Diego.
Termini said he’s been walking by the site for years with his dog, just looking at this site and thinking about what he could build there.
He and Green plan to hold a series of public meetings to get input from the public before starting to build.
A wild assortment of photos from long ago.
Bird Rock, 1930:
Solana Beach, 1928:
Rancho Santa Fe in the 1920’s:
“In 1965, a real estate developer stumbled upon a lush valley that combined natural beauty with perfect weather: and the vision for La Costa was born”. Everything except the top of the hill is covered with houses now:
It’s that time of the year – the 2017 forecasts are starting to roll out!
Zillow has been conservative about our local markets. For the most part, the actual appreciation of the Zillow Home Value Index has been higher than their forecasts over the last two years.
Their local forecasts for 2017 are all lower than their 2016 guesses, and what they are predicting could also be described as ‘Flatsville’. If their local forecasts of +0.9% to +2.2% come true, it would mean that several sellers would end up selling for less than they could have gotten in 2016.
Are we ready for that yet?
Local ZHVI-Appreciation Forecasts
The Zillow data changes slightly, depending on where you look on their website, and whether you use town names or zip codes. Here is the LINK to find others.