I occasionally surf out in front of that house, it’s just a few doors down from Junior’s house. That site backs to Pacific Street but it fronts the Strand and is beachfront.
The $2,500,000 is (more or less) the lot value and the last time I looked at lot values down there on the Strand it was worth it. The excavation for the relatively big house is already done. Someone building on that lot would probably just have to redo the retaining wall and finish grade.
