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
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:
Maybe that global warming thing is just on the east coast? Hat tip to cbmark for sending this in!
An oceanfront vacation home in the Outer Banks area made famous by the movie Nights in Rodanthe completely collapsed into the sea, most likely due to erosion, causing debris to wash up along the North Carolina shoreline on Wednesday morning.
Officials from the National Parks Service of the Cape Hatteras National Seashore warned visitors to ‘use caution when participating in recreational activities on the beach and in the ocean between the villages of Rodanthe and Salvo due to debris from a collapsed house.’
A press release sent out by the local National Parks Service noted that smaller amounts of debris were found more than seven miles away. Dare County is working with the agency to clear the crumbled house and remove the debris from the ocean.
The cozy beach town in the Outer Banks became a popular destination after the 2008 premiere of the Nicholas Sparks movie Nights in Rodanthe that starred Richard Gere and Diane Lane, which was set in the coastal town.
For about the same money that bought this 5,000sf oceanfront house in Carlsbad in 1995 (above), you now get this in North Escondido – just closed for $1,050,000:
This oceanfront 2br/3.5 ba, 2,823sf upper unit in Carlsbad just closed for $4,925,000 cash, which was $75,000 under list. MT was 12 days. Unlike on Neptune in Leucadia, all of the oceanfront homes on this street have direct beach access.
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.
This idea has to rank a 10 out of 10 on the kooky scale……would homeowners agree? An excerpt:
It’s expensive to fight the sea. It’s expensive not to do so. When property values plummet, so do property taxes. But right now property values here are still high, and State Sen. Ben Allen wants to put that value to use before it’s gone.
That’s why the 43-year-old Democrat has proposed legislation to create a revolving loan program, allowing California counties and communities to purchase vulnerable coastal properties. The goal would then be to rent those properties out, either to the original homeowner or someone else, and use that money to pay off the loan until the property is no longer safe to live in.
Think of it like a city-run Airbnb, where the profits go to making sure nobody is left picking up the full tab when the Pacific comes to collect.
It’s a strategy that’s never been tried at such a large scale, and its implementation would come with plenty of questions, policy experts say. But there’s hope in various parts of the country that the legislation passes, putting to test a buy-to-rent strategy that could offer a more permanent solution to a growing problem.
At its core, Allen’s proposal is a buyout program — a government-subsidized effort to limit the state’s longer-term exposure to sea level rise.
Within the next 30 years, $8 billion to $10 billion of existing property in California is expected to be underwater, according to the state’s nonpartisan Legislative Analyst’s Office. An additional $6 billion to $10 billion will be at risk during high tide.
“The magnitude of the potential impacts mean that the state cannot afford to indefinitely delay taking steps to prepare,” the report warns. “Waiting too long to initiate adaptation efforts likely will make responding effectively more difficult and costly.”
Communities have three options for dealing with that threat: They can defend those properties using sea walls and buffering beaches; they can learn to live with higher waters; or they can retreat and move to higher ground.
The last option is often the least popular, says Julia Stein, a project director at the Emmett Institute on Climate Change and the Environment at UCLA School of Law.
“That’s just not a conversation that a lot of coastal communities want to have,” she says.
And when the conversation does come up, one of the first questions to arise is cost.
Take Del Mar, a low-lying upscale community north of San Diego. Residents there have been in a years-long fight with the state over the term “managed retreat.” The state wants the city to consider retreating from a particularly vulnerable area. Problem is: The combined market value of the homes in that area is more than $1.5 billion.
Read full article here:
It looks like this home would have sunset views year-round plus be able to see up and down the coast too. The video is about the right length to pique your interest if you’re in this price category.
This scenic and recognizable home sits on a 1.1-acre +/- gated parcel in Laguna Beach known as Moss Point and is permeated by a sense of peace and true stillness. Ocean breezes sweep across gardens and stone paths lead to two spectacular view points, as staircases chiseled into the coastal bluff give direct access to sandy coves and a naturally-occurring pool. Crisp white siding and a covered porch create a picturesque scene where it’s easy to imagine President Woodrow Wilson lingering during his visits to this place, once under consideration to become the “Western White House”. The 4,325 +/- sq. ft. residence with 5 beds and 6 baths has been modernized, while preserving the character of its 1917 roots.
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