Cardiff by the Sea

[SandraL]

So, I’m curious about Cardiff. I’ve stayed at a B&B there, stopped at restaurants on the beach. Nice little area. Pricey, yeah.

But what I’m have a hard time grasping is how properties like these listed below – all tear downs to a one — are worth a million dollars RIGHT now.

Is this dirt really worth a mil – then the cost to build the house? Honestly?

http://www.redfin.com/CA/Cardiff-By-The-Sea/1425-Rubenstein-Ave-92007/home/4136287

http://www.redfin.com/CA/Cardiff-By-The-Sea/1580-Rubenstein-Ave-92007/home/4136361

I saw a sign outside this one the other day at looks like it’s pending from the realtor site

http://www.redfin.com/CA/Cardiff-By-The-Sea/1322-Rubenstein-Ave-92007/home/4136106

What I don’t get – the nearby newer homes in the immediate area on similar size lots are averaging between $800 and $1.2k. How is a tear down worth $900k – $1 mil?

[sdrealtor]

These are all large, flat usuable lots. I dont know what newer homes you see on lots like these for those prices are but I havent seen them.

[sdrealtor]

These are all large, flat usuable lots. I dont know what newer homes you see on lots like these for those prices are but I havent seen them.

[sdrealtor]

These are all large, flat usuable lots. I dont know what newer homes you see on lots like these for those prices are but I havent seen them.

[sdrealtor]

These are all large, flat usuable lots. I dont know what newer homes you see on lots like these for those prices are but I havent seen them.

[sdrealtor]

These are all large, flat usuable lots. I dont know what newer homes you see on lots like these for those prices are but I havent seen them.

[UCGal]

I have to agree with sdrealtor. They are lots that range from 1/4 acre up, a few blocks from the beach. Most of the sales that have prices under $1million are 2003 or earlier. 2 of the lots are closer to 1/2 acre… which for coastal/beach area is HUGE.

I put in a minumum of 1/4 acre and only found 3 listings between Birmingham and Santa Fe, west of I-5. The ranged from about 1.5 to 2Million.

It’s the lot size combined with location. Construction is relatively cheap compared to the dirt… dirt with that location.

Would I pay it? No. But it’s consistent with the area.

[UCGal]

I have to agree with sdrealtor. They are lots that range from 1/4 acre up, a few blocks from the beach. Most of the sales that have prices under $1million are 2003 or earlier. 2 of the lots are closer to 1/2 acre… which for coastal/beach area is HUGE.

I put in a minumum of 1/4 acre and only found 3 listings between Birmingham and Santa Fe, west of I-5. The ranged from about 1.5 to 2Million.

It’s the lot size combined with location. Construction is relatively cheap compared to the dirt… dirt with that location.

Would I pay it? No. But it’s consistent with the area.

[UCGal]

I have to agree with sdrealtor. They are lots that range from 1/4 acre up, a few blocks from the beach. Most of the sales that have prices under $1million are 2003 or earlier. 2 of the lots are closer to 1/2 acre… which for coastal/beach area is HUGE.

I put in a minumum of 1/4 acre and only found 3 listings between Birmingham and Santa Fe, west of I-5. The ranged from about 1.5 to 2Million.

It’s the lot size combined with location. Construction is relatively cheap compared to the dirt… dirt with that location.

Would I pay it? No. But it’s consistent with the area.

[UCGal]

I have to agree with sdrealtor. They are lots that range from 1/4 acre up, a few blocks from the beach. Most of the sales that have prices under $1million are 2003 or earlier. 2 of the lots are closer to 1/2 acre… which for coastal/beach area is HUGE.

I put in a minumum of 1/4 acre and only found 3 listings between Birmingham and Santa Fe, west of I-5. The ranged from about 1.5 to 2Million.

It’s the lot size combined with location. Construction is relatively cheap compared to the dirt… dirt with that location.

Would I pay it? No. But it’s consistent with the area.

[UCGal]

I have to agree with sdrealtor. They are lots that range from 1/4 acre up, a few blocks from the beach. Most of the sales that have prices under $1million are 2003 or earlier. 2 of the lots are closer to 1/2 acre… which for coastal/beach area is HUGE.

I put in a minumum of 1/4 acre and only found 3 listings between Birmingham and Santa Fe, west of I-5. The ranged from about 1.5 to 2Million.

It’s the lot size combined with location. Construction is relatively cheap compared to the dirt… dirt with that location.

Would I pay it? No. But it’s consistent with the area.

[Multiplepropertyowner]

Thank God the prices are like that or else we could not keep the riff raff out!

[Multiplepropertyowner]

Thank God the prices are like that or else we could not keep the riff raff out!

[Multiplepropertyowner]

Thank God the prices are like that or else we could not keep the riff raff out!

[Multiplepropertyowner]

Thank God the prices are like that or else we could not keep the riff raff out!

[Author]

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