Prices dipped after 9/11. There were some good deals for about 6 months after. So I would say it is an early 2001 price or even late 2000 price.
As far as the acre lots, some of that was sales hype but the benefit is that the views are protected. Usually the sloped areas are made common areas but in this case they were included in the building lots.
I remember when Pacific Crest and the neighboring Centex development Crestview were built. Top of the line view neighborhoods with 200k landscapes the norm. Big money, exclusive, and extremely low density. It is shocking to see these type of houses firmly under 1.4M. This can’t be good for the Bay Collection and Encinitas Ranch. Some of those houses sold for 2M from the builder and they are not near this prestige level.
Another factor to consider is the mello roos. While ER has 4k+ a year these houses in Pacific Crest have only $800 a year. Crestview has none. Big time bargains here IMHO.
