This 6,125sf oceanfront home in North Carlsbad listed for $13,200,000 in February. It closed for $11,475,000 cash this week! The sellers had paid $6,350,000 in 2013.
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
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
> $11,475,000 cash this week! The sellers had paid $6,350,000 in 2013.
10 years for +$5,115,000 total or +$4,300/month. Unfortunately, taxes of $7,000/mo.
The new owner isn’t likely to see such similar modest losses.
Try $43,000 per month. Math is hard.
I know that property, good for them! Nice cash out. CBad…aka Carlsbad is going off recently and finally being recognized as one of the best coastal locations in SO CA. Family friendly town with businesses hotels, beaches, golf, tourism, car sales, shopping+ cash sales base + tax revenue. When CA runs out of water (we have a state of the art saline to fresh water plant) and electricity ( we have our new andnown plant that replaced the old school one…) we can generate it here and maybe just keep it here. Yes in my back yard YIMBY vs NIMBY. Oh we grow oysters too and Micro brews.