Historical Land Sale Listing - La Costa Bluffs

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La Costa Bluffs

La Costa Avenue & El Camino Real, Carlsbad, CA 92009

N/A

1.50 AC | Land

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Land - Off Market

Price:
N/A
Lot Size:
1.50 AC
Property Type:
Land
Property Sub-type:
Multifamily (land)
Zoning Description:
19 D/U per acre.
Listing ID
14625942
Last Updated
over 1 year ago

Utilities

  • Electricity/Power
  • Irrigation
  • Water
  • Telephone
  • Cable
  • Gas/Propane

Highlights

  • Beautiful La Costa Golf Course Views
  • Prestigious La Costa Area
  • New Growth Movement
  • Close To The Coast
  • La Costa Avenue Address
  • Seller Motivated

Description

This 16 unit luxury view townhome project sits atop a bluff just beyond the southern boundry of the prestigious La Costa Golf Course with unparalleled views of this magnificent course and the surrounding canyons. These units will range from 2055 sq.ft. to 2276 sq.ft.. The projected sale price in todays soft market is from $475,000 to $560,000. One year from now these prices will be considerably higher. The current price of $850,000 is less than one half the price this project was offered at just 3 years ago. The finished lot cost with all fees, costs to improve, and land residual is $104,000, well below the current market value. This is an exceptional opportunity in this sluggish market, although La Costa is still developing and growing at an exceptional pace. These four previously graded pads have no enviromental issues and are capable of being done in phases if desired. Both Tentative Maps were recently approved August 19,2009.

The project sits directly on the north side of the prestgious La Costa Avenue, between El Camino Real and Rancho Santa Fe Road. It is in the highly sought after Encinitas and San Dieguito Union School District. This coastal resort area is established and experiencing unprecedented growth even with the current slow market. A new 284,000 sq.ft. commercial development with banks, two gas stations, a 55,000 sq. ft. multi story office project, and numerous stores, shops, and restaurants has just been approved as well less than a mile away.

Map of La Costa Avenue & El Camino Real, Carlsbad, CA 92009 (San Diego County)

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Created 5/17/2006