Our first experience with the Compass for-sale sign (that costs $700):
It’s rumored that Charlie Chaplin used to live here – can’t blame him!
From the UT with hat tip to WC Varones (JMI = John Moores, ex-Padres owner):
Developers have finally started construction activity this week on a Leucadia bluff-top hotel project that’s been talked about for decades.
Located just west of La Costa Avenue’s intersection with Coast Highway 101 and part of a site that once contained the Cabo Grill, the 4.3-acre property will become home to a $110 million, 130-room hotel. The luxury hotel, which will have ocean views from all but two of its guest rooms, is scheduled to open for business in November 2020.
Fenway Capital purchased the property about 13 months ago and is working jointly with JMI Realty to develop the land, which was once owned by KSL Resorts, Jackel said. Long ago, this property was envisioned as a companion property — kind of a “beach club” — to the La Costa Resort & Spa just east of El Camino Real, he added.
People passing the site initially will notice little more than new fencing, construction trailers and some surveying work. But at the end of January, a hotel project-funded sand replenishment will start on the beach below the bluff. Contractors will be adding 45,000 cubic yards of sand to the beach between late January and the end of February.
A public staircase in the area will remain and a new beach access pathway will be added from La Costa Avenue as part of the hotel development, Jackel said. The new pathway is scheduled to open just before the start of summer in 2020, a construction timeline indicates.Link to Full Article
An example of how fragile the market can be these days.
This deck was over-engineered with permits to provide maximum stability for a house that had one minor crack in a foundation block over the last 43 years. Yet it still took a significant discount to procure a sale:
Superior location but home wasn’t spectacular:
This is one of the perils of real estate video production. You can get the whole crew out on a sunny day and make a quality video, but if the haze rolls in…..
The photo above is a good representation how the ocean view looks in person!
For those looking for perfection, this house is for you – everything is brand new, and comes with a 10-year warranty! Now priced at $1,450,000:
Richard’s new listing hits the open market on Thursday, and it is stunning. Re-designed and rebuilt from the ground up over the last eleven months (with permits), virtually everything is brand new. A ten-year warranty too!
Four bedrooms, three-and-a-half baths, and 2,421sf with commanding ocean views from both levels. New roof, HVAC, decks, siding, flooring, and kitchen! $1,575,000 – open house 11-2 on Saturday, May 19th.
Klinge Realty CA DRE #01388871 Richard Morgan (619) 200-3844.
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 just closed on Friday for $3,000,000 – the sellers paid $1,850,000 in 2012:
There are few homes that have been meticulously designed and maintained by their owners – at any price. This is one of them: