Congratulations to Kelly and team for their new listing of this iconic 6,329sf masterpiece on the bluff by Wallace Cunningham – the same architect who designed the Razor House in La Jolla (that Alicia bought):
This sold for $6,000,000 cash (5% over list) and 7-day escrow:
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:
This just closed for $4,648,000 cash, which is a lot of money for the neighborhood………but this is a very unique modern contemporary:
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:
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.”
This just sold for full price ($8,986,000) cash:
This just sold for $8,000,000 cash, which was $105,000 over list price. The MT was 90 days:
For those of us who didn’t make to the beach today, this will have to do – from 2011:
This townhouse sold for $2,400,000 in 2006, for $1,450,000 in 2012, and $3,200,000 in 2016. Bobby had sold it in 2000 for $1,050,000.
Remember back when you could buy a house west of the 5 for less than a million?
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.