What of the San Elijo Hills “planned community”? My digging indicates numerous ownership complaints with poor building & construction problems – obviously these built during the boom. Is this micro-area of San Marcos holding its own; this section started in the late bubble era and the next two phases yet to start?
What of this community in general – if the price drops enough in the next two years this location seems ideal – proximity to ocean, high enough on hillside to give a sense of uniqueness, access to freeways, infrastructure & shopping, new schools? Several pricey homes on Schoolhouse Way (#1400 & 1405) – with ocean views but now listing in this bubble burst ($990K)… although Westcliffe is the higher end for this community? Is $775K too much of a stretch in the future for these two – but worth the risk of a poorly built home (Ocean view, 9000+ sq ft lot, $189/sq ft).
