Here’s an update on the new homes being built at the end of the road in Olivenhain from $1,900,000 and up:
The old wood-shake roof didn’t get in the way of this one selling, and though it is horse property, there weren’t really any actual horse facilities. But it had three major hot buttons; single-story, detached 1-bedroom guest house, and 720sf man cave. This is the second time in three years that it sold for at least $2,400,000 (this cash sale did include a $60,000 credit for repairs):
This new-home tract (in red circle) is due east of La Costa and behind Knightsbridge for those who know Olivenhain. These can be described as Robertson-Ranch quality on bigger secluded lots for less than twice the price. This same builder sold out the 1 Channel Island in spite of the odds so they should have a go of it here (Encinitas schools too). Green line is the old dump. Click on any of my photos for larger image.
There are nine models that range in price from $2,094,000 to $3,119,000. The base tax rate is approximately 1.05965%, plus Mello-Roos assessment of $1,430 per year. The HOA fee is $420 per month for private streets, mailboxes, fencing, and common-area landscaping.
We’ve seen this one before – it sold for $1,750,000 in 2013, and $2,275,000 in 2016 – it just sold again for $2,350,000. The house is 3,574sf on a 15,000sf lot.
This closed for $1,240,000 last month.
From the mayor:
This week at SANDAG (the county’s regional transportation board), we heard for the first time the amount of housing the state is proposing for our county in the next eight-year housing cycle. I hope you’re sitting down – it’s 21,000 new homes annually, which is more than three times the 7,000 homes that San Diego County is currently producing each year.
The total number countywide is 171,685 housing units for the 2021-2028 housing cycle. Each city’s allotment from the California Department of Housing and Community Development (HCD) won’t be determined until 2019, as the proposed methodologies are still in draft form. Once SANDAG assigns Encinitas our new housing numbers, scheduled for October of 2019, Encinitas will have 18 months to update our housing plan for state approval.
This just closed for $2,900,000 cash:
A tour of the model!
The one big proponent of marijuana farming in Encinitas has pulled back that plan, and instead is proposing a re-zoning so he can build out an ‘agrihood’.
But there are people who don’t like that idea either – from the UT: