This house shows how the view from a higher point further back can be better:
Category Archive: ‘View’
From the UT with hat tip to WC Varones (JMI = John Moores, ex-Padres owner):
Developers have finally started construction activity this week on a Leucadia bluff-top hotel project that’s been talked about for decades.
Located just west of La Costa Avenue’s intersection with Coast Highway 101 and part of a site that once contained the Cabo Grill, the 4.3-acre property will become home to a $110 million, 130-room hotel. The luxury hotel, which will have ocean views from all but two of its guest rooms, is scheduled to open for business in November 2020.
Fenway Capital purchased the property about 13 months ago and is working jointly with JMI Realty to develop the land, which was once owned by KSL Resorts, Jackel said. Long ago, this property was envisioned as a companion property — kind of a “beach club” — to the La Costa Resort & Spa just east of El Camino Real, he added.
People passing the site initially will notice little more than new fencing, construction trailers and some surveying work. But at the end of January, a hotel project-funded sand replenishment will start on the beach below the bluff. Contractors will be adding 45,000 cubic yards of sand to the beach between late January and the end of February.
A public staircase in the area will remain and a new beach access pathway will be added from La Costa Avenue as part of the hotel development, Jackel said. The new pathway is scheduled to open just before the start of summer in 2020, a construction timeline indicates.Link to Full Article
This closed for $9,750,000 cash today!
Another tour of one of the new models in PHR:
Superior location but home wasn’t spectacular:
“Jim, you feature these McMansions all the time – what can I get for a half-million?” This closed for $475,000 cash in March, 2018:
This new house listed in September, 2017 for $7,300,000, and it just closed Monday for $6,500,000 (and another oceanfront house listed for $10,500,000 went pending today):
Tom saw that Stewart had a new banner on Redfin, and he wondered if I refreshed the listing on the MLS. I didn’t, and when I checked, the other listings nearby that have been active for months had the same look:
Buyers are probably smart enough to figure it out. But in case it brings more eyeballs, we lowered the price to $989,000 and we’ll have open house 12-3 on Sunday! Three other listings within a couple of blocks of us went pending in the last week, so it’s been hopping in South O!
The same thing happened to Richard, so maybe it is system wide?
He also dropped the price, ($1,299,000) and NO OPEN HOUSE – PENDING!:
We’ve gotten into a price war in Skyloft, with different but competing listings all looking for the next buyer. Here’s the best ocean-view deal in Encinitas!