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Bella Vista

Some homes are selling for less than their list price!

The original list price was $4,925,000 and this just closed for $4,226,625 for 6 br/6.5 ba, 6,031sf on a 37,026sf lot. Buyer had a license so they discounted the price instead of taking the commission:

JC Is Lord Apartments

The developer paid $4,900,000 cash for this site in 2020, so he must have had some assurance from the Encinitas City Council/Planning Commission that he could build his 72-unit apartment house here.

It appears that expanding La Costa Avenue to four lanes will be required – though there aren’t plans or money to do so – yet the Encinitas City Council approved the development:

https://thecoastnews.com/encinitas-council-approves-new-plans-for-vulcan-avenue-project/

An excerpt:

The site of the project is 1967 N. Vulcan Avenue in the northernmost part of Leucadia near La Costa Avenue. The intersection of Vulcan and La Costa is a major concern to residents who oppose the development.

Wermers said the updated project plans now include changes to Vulcan Avenue that are meant to make the area safer for pedestrians and bicyclists.

“When we do this it also promotes vehicle safety,” Wermers said.

Wermers also made a commitment to pay his company’s fair share in whatever changes the city decides to make at the Vulcan and La Costa intersection.

“Whatever you guys decide, we want to pay our fair share,” Wermers added.

There was more support for the newly redesigned project, some pointing to the need for low-income housing in the area and the project will boast 12 units designated as low-income.

“We need more roofs over our heads. This housing project is the perfect one to bookend Vulcan Avenue and Leucadia,” resident Kevin Daniels said. “I can’t express this enough, this project is a perfect fit.”

https://thecoastnews.com/encinitas-council-approves-new-plans-for-vulcan-avenue-project/

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