Leucadia Bidding War

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!

Leucadia Beachfront Hotel

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.

https://encinitasbeachhotel.com/

Link to Full Article

Leucadia New With Ocean Views

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:

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