16 Comments

1. 

   chrisanthemama on January 25, 2011 at 8:48 pm

   I don’t get that price: $1.850m–seriously?

2. 

   kbeachguy on January 25, 2011 at 9:09 pm

   We are getting a new pump house for all of our sewage….
   http://www.delmar.ca.us/News/Pages/21stStreetSewerPumpStationProjectUpdates.aspx

3. 

   Genius on January 25, 2011 at 9:22 pm

   If you look at the LPs of the other homes in proximity then it doesn’t seem quite as insane. When JtR said something along the lines of paying for the dirt I think he meant it.

   Trips me out that this went for $450k about 16 years ago.

4. 

   Jim the Realtor on January 25, 2011 at 9:38 pm

   Well there it is; a new pump house, two public tennis courts, and 40+ trains a day in your front yard. No wonder it’s $1,850,000!

   Thanks kbeachguy!

5. 

   Jim the Realtor on January 25, 2011 at 9:44 pm

   This is the latest sale in the Beach Colony:

   http://www.sdlookup.com/MLS-100066524-155_27th_St_Del_Mar_CA_92014

   In 2010 the range was $3M to $7M within a few doors of the sand, and there were six oceanfront sales from $7M to $14M.

   ALL SIX OCEANFRONTS SOLD FOR CASH.

6. 

   Ken on January 25, 2011 at 9:44 pm

   Wow! Just wow. Being just up the coast in the OC, I am usually in the ballpark on pricing down there. Watching this video, I was thinking 6s or 7s.

   Now that I’ve mapped it, the price makes a bit more “sense”.

   There are only two areas in the OC where I think you may be able to get that asking price for a non-waterfront location, Newport’s Balboa Island and parts of Balboa Peninsula (though the lot you’d get would be half the size in either location).

   It looks like the location of that house is a similar prime beach area.

7. 

   tj & the bear on January 25, 2011 at 11:14 pm

   1.85M?!?!?!

   So it’s not insanity when the entire neighborhood is involved? Must be great to be a rich lemming.

8. 

   SD_Coastal on January 26, 2011 at 5:22 am

   Here’s one that is “in the neighborhood” and an auction. It’s up the street from Carson Palmer’s new dirt farm and at half the price.

   http://www.sdlookup.com/MLS-110005269-1904_Balboa_Ave_Del_Mar_CA_92014

9. 

   NateTG on January 26, 2011 at 7:03 am

   “So it’s not insanity when the entire neighborhood is involved?”

   The difference between insanity and religion is the number of believers.

10. 

    aljanet on January 26, 2011 at 7:42 am

    Here is one, you can even see this home in the video.

    http://www.sdlookup.com/MLS-100003494-1955_Jimmy_Durante_Blvd_Del_Mar_CA_92014

11. 

    College Joe on January 26, 2011 at 8:22 am

    What’s the deal with the big property to the left of this one:

    http://www.sdlookup.com/MLS-100031306-2928_Camino_Del_Mar_Del_Mar_CA_92014

    I LOVE that house. Only 39Mil.

    It must be an acre, at least…..right on Camino Del Mar with the ugliest shack you’ve ever seen. That’s a building opportunity if I ever saw one.

12. 

    chrisanthemama on January 26, 2011 at 2:06 pm

    @ NateTG: +1. True that.

13. 

    Stormin on January 26, 2011 at 2:14 pm

    Walking distance to the race track. Rent it for $10,000 per week for the entire meet. Have your investment back in no time! Cheap – I’ll take 2.

14. 

    Peter on January 26, 2011 at 7:30 pm

    Lousy parking during good weather. Forget inviting friends over for a BBQ. Also, doesn’t this area get inundated periodically?

15. 

    rodeman on January 27, 2011 at 7:14 pm

    That gorgeous property for 1.85 million with a sewer pumping station thrown in for good measure. Lovely. I no longer wonder why they think we’re crazy in California…….

16. 

    Jeeman on January 28, 2011 at 12:31 pm

    I wouldn’t pay more than $1.84M for that property. Good grief….