This closed for $1,300,000 in April, 2019, and then sold again this week for $2,270,000 – almost a million more in just four years!
https://www.compass.com/app/listing/3312-james-drive-carlsbad-ca-92008/1267594068434581625
Cute & cozy beach bungalow in front, plus a 2br/2ba ADU in back with ocean views! The most exclusive real estate in the world is within one block from the beach, and its value is soaring!
Garfield condos selling for $2,000,000-$2,500,000, Garfield triplex closed at $3,329,000 ($1,180/sf), Terramar and Ocean Street teardowns selling for $2,000,000+, Shore Drive over $3,000,000, Encinitas east-side of Neptune over $4,000,000, Solana Beach teardowns selling for $3,800,000 and $3,900,000, and Del Mar is over $5M! With no inventory, how many more of these will be under $3M? Zoned duplex – you could build two new homes!
When the rest of the world has gone mad, you want to own real estate one block from the Pacific!
3831-33 Garfield St., Carlsbad
2br/1ba bungalow in front, and 2br/2ba unit in back for a total of 4br/3ba, 2,278sf
YB: 1950
LP – $2,600,000
Open 12-3pm Saturday & Sunday March 25 & 26!
https://www.compass.com/app/listing/3831-33-garfield-street-carlsbad-ca-92008/1273282660568118209
Open 12-3pm Saturday & Sunday March 25 & 26!
The minute I saw this address I knew that it would have a big ocean view because I sold one in here before. It turns out, I sold this very home in 2001 for $257,000 when it was all-original (I rep’d the seller then). It has since sold for $461,000 in 2005, $429,000 in 2014, $613,000 in 2018, and $979,000 on Thursday.
My buyer is out-of-state and made the offer based on this video – and came for the home inspection:
As a way to “raise additional revenue and to increase ridership on trains and buses”, the train people started looking for developers last April – their solutions:
Under agreements the board approved Thursday, West Village Partners will build 184 market-rate apartments or townhouses and 50 affordable units on 14.37 acres the transit district owns at the downtown Carlsbad Village Station on State Street.
Affordable housing will make up 27 percent of the Village residential units, well above the city’s minimum requirement of 15 percent. The Village project also will include 17,000 square feet of ground floor retail space, 435 parking spaces, a 110-room boutique hotel, a senior living facility, and 80,000 square feet of office space, according to preliminary plans.
“This location is primed for redevelopment with only a short walk to restaurants, retail and local beaches,” a district staffer said.
The Village station sees an average of 800 patrons daily, with about 600 of those riding the Coaster and 200 using Breeze buses. The Poinsettia station, on Avenida Encinas near Poinsettia Lane in southwest Carlsbad, averages 400 Coaster riders and about 40 bus riders daily.
Raintree Partners was selected for the 11.47-acre Poinsettia Station, which will have 146 market-rate dwellings and 31 affordable units, or 17 percent of the residences. Almost 5 acres of the site will remain undeveloped under a permanent conservation easement.
Both exclusive negotiating agreements are valid for 2.5 years. During that time, the developers will work with district, city and regional officials on final designs, permits, and other issues. Construction is expected to start in 2025 at the Village station and in 2027 at the Poinsettia station.
Just another 234 apartments, a 110-room hotel, senior facility, and ~100 offices in downtown Carlsbad. You think it’s crowded now? There won’t be any room left for the tourists!
Link to UT ArticleSpeaking of entry-level homes, here’s a tour of one that just listed for $1,099,999:
Sent to me by bulk email, and probably sent to all agents. The HOA fee is $913/month:
Explore the ultimate in luxury living with Grand Jefferson’s spectacular penthouse residence, where you can enjoy all the amenities of a sprawling estate home with none of the maintenance. Showcasing a total of 7,400 sq. ft. of private indoor/outdoor, smart home equipped living space, 792 Grand Ave is truly in a league of its own.
An entertainer’s paradise, tranquil retreat or both, this jaw-dropping 4-bedroom, 3.5-bathroom home embodies luxury at every turn. Perched upon Grand Jefferson’s top floor, the 3,418 sq. ft. single-story residence is crowned by a 2,000 sq. ft. rooftop terrace featuring dazzling 360-degree views of the ocean, mountains, and city lights. Totaling more than 4,000 sq. ft., the unparalleled outdoor space also includes a California room with fireplace, plus a raised terrace perfect for an alfresco kitchen and dining space just off the main living area.
Penthouse residents will further appreciate a private lobby with secure access system, a direct-access elevator, and a convenient separate storage unit perfect for bikes, surfboards and more. Secure, gated parking garage offers 2 spaces plus a 3rd car lift installed. Don’t miss this unique, one-of-a-kind opportunity catering to an ultimate luxury experience.
792 Grand Ave is listed at $5,400,000.
A good introduction to what it’s like living in Carlsbad:
This sold for $4,488,000 after 76 days on the market, which was $400,000 under the original list price (and $100,000 under the list price at time of sale). It is the second highest-priced sale ever of an attached home on the beach in Carlsbad!
There are still some head-scratchers out there.
This just closed on Friday for $3,400,000 – which was $10,000 over list – but it looks like a fixer inside and out compared to the only other Bressi Ranch house to sell above $3,000,000:
Our buyer snagged this hot buy west of the freeway and walking distance to all the village of Carlsbad has to offer! High ceilings, skylights, updated kitchen, and 2 parking spaces in garage.
1024 Laguna Dr. #9, Carlsbad
2 br + loft/2 ba, 1,029sf
YB: 1989
SP = $730,000
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
CA DRE #01527365, CA DRE #00873197
