This is a Compass listing now and it made the Robb Report:
https://robbreport.com/shelter/homes-for-sale/encinitas-most-expensive-listing-for-sale-1235806433/
A newly built bluff-top home in Southern California has come along to claim the title of Encinitas‘s most expensive listing. The residence, perched on a bluff overlooking the ocean at 1230 Neptune Avenue, is on the market for just shy of $25 million with Khaki Wennstrom of Compass; the San Diego County abode could set a new sales record for the area if it sells at or near the asking price. The 7,089-square-foot home, with four bedrooms and seven-and-a-half baths, sits above a secluded beach. The coastal gem is being offered up by seller and real estate developer Peter Kerserovich.
“I was particularly drawn to this lot due to its exceptional sandstone bluff on the oceanfront,” Keserovich said in a statement. “Unlike other locations, such as Malibu where the water flows beneath the homes, San Clemente with its sandy beaches, or Del Mar with its sand and seawalls, Encinitas offers a unique vantage point. Situated approximately 65 feet above the water, the view from this property is superior compared to properties directly on the water.”
According to the listing, Kerserovich snapped up the parcel in 1997, before sea level rise regulations were put into effect in 2012, which limit a home’s size and proximity to the water. He began building the stately spread in 2014 and finished only recently, making it a project that was a whopping 10 years in the making.
“Our bluff features robust sandstone, which we meticulously hand irrigate to maintain stability and prevent erosion,” Kerserovich explained. “This location benefits from excellent geotechnical strata and is conveniently located just six blocks from public access. Additionally, the property includes a viewing deck equipped with WiFi and electrical outlets, offering privacy and seclusion.”
Designed with no expenses spared, the sprawling estate is kitted out with three Tesla Powerwalls in the garage, a state-of-the-art theater with a $200,000 microLED video wall, and a commercial-grade elevator. You’ll also find a slew of swanky amenities such as a gym, a sauna, and a wine cellar. Other highlights include a dramatic 18-foot entryway fronted by a massive 800-pound pivot door and a custom planar metal gate that retracts underground. None of that’s to mention the upper-floor primary suite, which sports a deck that’s inspired by the bow of a yacht with polished Burmese teak wood.
https://www.compass.com/listing/1230-neptune-avenue-encinitas-ca-92024/1554477838353308865/
I wasn’t even able to guess the number of digits in the asking price. I am left asking; who, why? At $25m never mind any mortgage the taxes alone are $30,000k/yr. That $800/day is the best suite at Hotel Del Coronado for the time you are going to be in the region without the buy in of $25,000,000.
I don’t understand.
JtR, do you remember when a Robb Report was a glossy 128 page magazine you might pick up in the lobby of an exclusive hotel?
Yes at the Hotel Del!
I’m no geologist but have you ever heard of robust sandstone? All I see is cliffs falling into the ocean from Leucadia to La Jolla. Another one this month at Black’s Beach.
The cliffs are/were fine until you built big bombers on top of them.
Yep – won’t the insurance premium on this house be $25 million?