La Costa Gem

The problem with describing the overall market conditions by looking at the whole group of sales is that the newer-looking one-story homes on culdesacs will always sell for a premium, and you can’t say that about the others.

Terramar Bungalow + ADU

Check out our new listing!

5239-41 El Arbol Dr., Carlsbad

3 br/2 ba,1,200sf house in front, and 1 br/1ba 800sf house in back

Lot size = 10,200sf

LP = $2,795,000

Two legal beach bungalows separated by a terrific garden in the middle of one of the largest residential lots (10,200sf) this close to the beach – plus it’s in the exclusive Terramar neighborhood which has its own private access to the sand! Far from the high-density tourist areas, this feels like you’re in a regular suburban neighborhood without the maddening beach traffic – yet you can walk two blocks to the beach!

In the main house in front, you’ll be greeted by the contemporary great room that’s centered around an inviting butcher-block island, remodeled kitchen, and open-beam ceilings that gives a cute and cozy feeling! New roof, newer windows, solar panels (no electric bills!), several skylights, air conditioning & laundry rooms in BOTH houses, no HOA fee, and the huge yard is ideally suited for gardening! Big money has discovered Terramar, and several estate-sized projects are underway – get yourself a piece of prime beach property! Ideal for multi-gen or second-home buyers.

https://www.compass.com/app/listing/5239-el-arbol-drive-carlsbad-ca-92008/1385184276479176953

Open 12-3 on Sunday, August 27th – stop by!

 

What’s Hot

Is there a more popular offering than a dressed-up one story house on large lot in the mid-millions that’s walking distance to the popular LCC High School? Closed at 9% over list price:

La Costa Oaks One-Story

The crime of the century was committed at this house. At the end of 2021, the listing agent priced this house at $1,799,000, and then spooned it over to her flipper buddy for $1,650,000 without putting it on the open market. TWO MONTHS LATER, the flipper listed it for $2,895,000 and these sellers paid $3,250,000 in February 2022! Then they listed it for $3,299,000 last month and got it.

GET GOOD HELP!

Half-Acre Surprise

If the buyer of this property ends up subdividing it into two lots, they hit the jackpot. But adding a granny flat would be easier. There was a sale of this floor plan in December, 2020 at $1,200,000 that had ocean view – now TWO have sold for over $2,000,000!

Encinitas Ranch Second Time

This is the single-level home that sold in February, 2022 for a million over the $2.5 million list price (set deliberately low by the seller). The buyer passed away, unfortunately, and their heirs listed it a year later for $2,900,000. The listing agent (who lives in the ER) also set his list price attractively low and got it bid up to $3,200,000 this time.

While the casual observer would deduce that prices have come down 9% in the last year, you have to wonder if the buyer had to pay as much as $3,500,000 to win it last year – or if that was a random plunge.

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