This should close higher on price – want to take a guess?
Not having much of an ocean view (when many of the neighbors have a full ocean view) was a little disappointing, so a slight discount might have been in order along with a nice easy cash deal and a $2,000,000 profit for the seller.
Compass agent Nikol has this new listing in Ranchview Estates, which has some of the best easterly views of Olivenhain and Rancho Santa Fe:
We flew back from visiting family in the Bay Area yesterday and got some photos along the way:
Torrey Pines GC
Usually the one-acre-plus properties are way out in Olivenhain – this is close to town!
There are expired plans for a 2,900sf house by local architect, Dena Gillespie, which were fully approved by the City of Encinitas and the CCC….hey!
Paying $6.3 million is the biggest boondoggle since the city paid $10 million for the closed Pacific View school.
ENCINITAS, Calif. – City leaders in Encinitas are moving forward in their purchase of about 1.5 acres of land at La Costa Avenue and Highway 101, known to many as “Hippie Hill.”
“We wanted to see this land preserved and protected,” said Encinitas resident Elena Thompson. The purchase of the land is nearly official, with escrow expected to close by the end of September.
“Having the opportunity to acquire this land and keep it from being developed into timeshares, I think the community has very much appreciated the work that we’re doing here,” Mayor Tony Kranz said.
The northern end of Leucadia has seen the construction of a hotel and more development on the way including a nearby apartment complex, so the preservation of this land was paramount for long-time locals.
“Now it’s not going to be developed. That’s great for the city. It’s a small parcel, but every open space is great,” Scott Campbell said.
At Wednesday’s city council meeting, council talked about how they plan to finance the land, purchased for $6 million.
The city plans to use cash reserves for the initial purchase and then use lease revenue bonds to build the reserves back up.
“Some are a little concerned about what effect the roughly $400,000 a year that servicing this debt is going to have on our budget. I think that it’s important enough that we will make it work,” Kranz said.
The public will be asked to weigh in on what they want to see done with the open space at a future city council meeting.
Original condition from 1963 – the ultimate bohemian beachfront lifestyle!
Don’t miss the best event in downtown Encinitas!
Treat your taste buds to food and drink samples from 15+ restaurants and enjoy local wine and local craft beer served at 20 Sip Stops hosted by shops and salons. There will be non-alcoholic sip stops throughout town as well! Pause along the way to enjoy live music at several venues.