More review of the latest developments in Leucadia as I cruise by the next Toll Brothers community and take a look at what the planning commission just approved: The 3.79-acre project site, which is just south of the Alila Marea hotel on N. Coast Highway, is proposed...
Leucadia
Crescent House
Kelly has done a masterful job getting mass exposure coast-to-coast, and here's Architectural Digest's tour. Just don't read the YouTube comments:
$6,000,000 Burnout
With the Crescent House now on the market for $23.5 million, you can't really blame the sellers of this property for asking $6 million (lot size is 9,730sf): https://www.compass.com/app/listing/1478-neptune-avenue-encinitas-ca-92024/1048694367041065425
$23,500,000
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):
Neptune With Stairs
This sold for $6,000,000 cash (5% over list) and 7-day escrow:
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:
Custom Modern with ADU
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:
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...
Leucadia Lagoon-Front
This just sold for full price ($8,986,000) cash:
Leucadia Oceanfront
This just sold for $8,000,000 cash, which was $105,000 over list price. The MT was 90 days: