CV is a good choice for a getaway condo for several reasons (if you don’t think these are good reasons, then it’s not a good choice for you):
1) around 2 miles to the ocean
2) the beach there is awesome – easy parking, can get an annual parking pass and there are nice walking paths around there on the bluff that hug the railroad tracks – feels less crowded and still looks pretty much like it always has, thanks to the lagoon
3)Del Mar is a 10-15 minutes away by car and has great restaurants, a wonderful village feel and is very upscale. La Jolla is about 15 the other way – ditto the Del Mar comments, but LJ is too crowded for my tastes.
3) The Del Mar Highlands shopping center is about as upscale as it gets for shopping pod – what a great way for yuppies to spend a weekend. Plus, the theatre is digital. Nice touch.
4) CV is well planned – it looks pretty, it’s clean, it’s upscale, the demographics are fantastic (upper educated, upper income)
5) Good location – very easy to get to thanks to the 56. Not too far inland so it’s not hot.
6) Really close to UCSD so great access to campus offerings and educational opportunities
My prediction is that a 2/2 will soon be $400k. The downside is the HOA and the M-R, but it has a great vibe and it seems like a pretty safe investment.