Another redevelopment project is coming to Leucadia – and this one is 110,274sf!
Another hotel, two restaurants, 7,000+sf of retail, plus 74 market-rate apts, and 20 affordable apartments.
http://encinitasundercover.blogspot.com/2020/12/leucadia-turning-european.html
I love this video’s length and quality – it makes you want to visit!
Welcome to the Sanctuary, an incredibly private architectural masterpiece with whitewater ocean, lagoon and sunset views. This extraordinary mid-century modern home and its guest house sit on nearly an acre of Batiquitos Lagoon-front land, positioned behind a gated entry and set well away from the road. The main house (3 BR) and detached guest house (1+ BR) harmonize perfectly and both feature floor to ceiling windows. Sellers will consider offers between $4.8M and $6M (closed today for $5,399,450 cash).
A good yard for adding an ADU:
Tim and Allison were nice enough to let me look around their 4 br + den/3.5 ba, 3,480sf home on a 15,087sf lot west of the I-5 freeway on Hymettus priced at $2,645,000:
Enjoy the sunset and spend the evening marveling at two of the most beautiful custom homes available for sale in Encinitas! Free drinks, music, dancing, and a TACO TRUCK!
Thank you Ben for letting us look around!
This is one of the safer-looking areas along the Neptune bluff in Leucadia, due to the landslide in 1932 before the area was sub-divided. It gives this stretch some buffer!
This just closed for $3,075,000 full-price cash and 10-day escrow:
For those who are thinking of building a home on the bluff, you may want to consider this recent case seen at Encinitas Undercover – hat tip WC!
The property owners purchased a vacant lot in 2012 for $1,700,000, and it appears this approval process has been underway ever since.
In 2013, the City of Encinitas planning commission approved the homeowners’ plan to build a two-story 3,553 square foot home with a 1,855 square foot underground basement and a 950 square foot garage. The seaward side of the structure would be set back 40 feet from the edge of the bluff.
Shortly thereafter, the geotechnical engineers revised their required report which recalculated the math but came to the same conclusion – a 40-ft setback from the edge of the bluff would work and comply with the generally-accepted rate of 30 feet of erosion over the next 75 years.
But then two commissioners from the Coastal Commission filed an appeal, so the homeowners hired a different engineering firm to complete a second geotechnical report. When the appeal was heard, the Coastal Commission rejected the second report and approved the project with a 60 to 62-foot setback from the edge of the bluff.
The Commission explained that the building footprint resulting from a 60 to 62-foot setback from the bluff edge would still allow the Lindstroms to construct a 3500 square foot home, not including a basement, and that if the Lindstroms obtained a variance from the City reducing the frontyard setback, the building footprint would be even larger.
The homeowners took the Coastal Commission decision to the 4th Appealate District Court of Appeal, who rejected their 40-ft argument but approved the project with no seawall, and a 60-62-ft setback.
WC included this review with links to the actual court documents:
http://calapp.blogspot.com/2019/09/lindstrom-v-coastal-commission-cal-ct.html
P.S. The homeowners also own the house next door.
Congratulations to Wendy who has been tearing it up in Leucadia lately!
She closed this sale for $1,740,000 – I’m guessing that the skate ramp clinched it:
Word on the street is that there are 11 offers on this new listing in Leucadia, and it’s up to $1,200,000:
https://www.zillow.com/homedetails/460-Parkwood-Ln-Encinitas-CA-92024/16709568_zpid/
It goes to show you that you don’t have to worry about under-pricing a home…..as long as you put it on the open market so every buyer gets a crack at it!
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
