FYI: Current “deal” in Derby Hills, Carmel Valley

[4plexowner]

I’ve always been curious about the mindset of paying over $1 mil for tract housing.

Sometimes I look at listings in the beach areas to see what I could get for the same money – I did that this morning with the 92106 zip code

$1.5 mil, 3/3.5, 2585 sqft, city view, ocean view
$1.55 mil, 4/3, 3554 sqft, Pt Loma Woods
$1.575 mil, 3/3, 2358 sqft, city view, water view, built 2007
$1.645 mil, 4/3, 2530 sqft, city view, ocean view, built 2007
$1.699 mil, 4/4, 3294 sqft, city view, ocean view, built 2007
$1.699 mil, 3/3.5, 2435 sqft, city view, ocean view, built 2007
$1.75 mil, 4/3.5, 3999 sqft, city view, ocean view, 10K sqft lot
$1.8 to 1.9 mil, 4/3.5, 3956 sqft, city view, ocean view, full remodel 2005

Questions for anyone who has or would pay this kind of money for housing in Carmel Valley, 4S Ranch, etc:

Did you look at older neighborhoods when you were shopping? Were you aware that there was new construction available in these older neighborhoods (I was surprised by these listings – obviously a builder doing it on spec)? If you looked in the beach areas and then bought elsewhere, what caused you to eliminate the beach areas from your list?

[4plexowner]

http://homes.realtor.com/realestate/san+diego-ca-92106-1086421678/

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

Beautiful custom built two story ranch style home with panoramic views of the city, bay & ocean from almost every room. Spacious floorplan with oversized windows and generous natural light. 10,000 square foot lot with swimming pool and exotic fruit trees. Close to downtown, Liberty Station, beaches & parks!

Single Family Property, Area: POINT LOMA, Subdivision: Roseville, Lot is 10000 sq. ft., Year Built: 1974, City view, Ocean view, View, Waterview, Two story, Swimming pool(s), Fireplace(s), Dining room, Laundry room

~

This is the listing that I would be most interested in if I were shopping for housing right now.

I am biased but I would suggest that there is more bang for the housing buck in this property than in most comparably priced new construction in CV, 4S, etc.

[4plexowner]

http://homes.realtor.com/realestate/san+diego-ca-92106-1086421678/

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

Beautiful custom built two story ranch style home with panoramic views of the city, bay & ocean from almost every room. Spacious floorplan with oversized windows and generous natural light. 10,000 square foot lot with swimming pool and exotic fruit trees. Close to downtown, Liberty Station, beaches & parks!

Single Family Property, Area: POINT LOMA, Subdivision: Roseville, Lot is 10000 sq. ft., Year Built: 1974, City view, Ocean view, View, Waterview, Two story, Swimming pool(s), Fireplace(s), Dining room, Laundry room

~

This is the listing that I would be most interested in if I were shopping for housing right now.

I am biased but I would suggest that there is more bang for the housing buck in this property than in most comparably priced new construction in CV, 4S, etc.

[4plexowner]

http://homes.realtor.com/realestate/san+diego-ca-92106-1086421678/

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

Beautiful custom built two story ranch style home with panoramic views of the city, bay & ocean from almost every room. Spacious floorplan with oversized windows and generous natural light. 10,000 square foot lot with swimming pool and exotic fruit trees. Close to downtown, Liberty Station, beaches & parks!

Single Family Property, Area: POINT LOMA, Subdivision: Roseville, Lot is 10000 sq. ft., Year Built: 1974, City view, Ocean view, View, Waterview, Two story, Swimming pool(s), Fireplace(s), Dining room, Laundry room

~

This is the listing that I would be most interested in if I were shopping for housing right now.

I am biased but I would suggest that there is more bang for the housing buck in this property than in most comparably priced new construction in CV, 4S, etc.

[4plexowner]

http://homes.realtor.com/realestate/san+diego-ca-92106-1086421678/

$1,750,000, 4 Bed, 3.5 Bath, 3999 Sq. Ft.

Beautiful custom built two story ranch style home with panoramic views of the city, bay & ocean from almost every room. Spacious floorplan with oversized windows and generous natural light. 10,000 square foot lot with swimming pool and exotic fruit trees. Close to downtown, Liberty Station, beaches & parks!

Single Family Property, Area: POINT LOMA, Subdivision: Roseville, Lot is 10000 sq. ft., Year Built: 1974, City view, Ocean view, View, Waterview, Two story, Swimming pool(s), Fireplace(s), Dining room, Laundry room

~

This is the listing that I would be most interested in if I were shopping for housing right now.

I am biased but I would suggest that there is more bang for the housing buck in this property than in most comparably priced new construction in CV, 4S, etc.

[Coronita]

4plexowner,

I would personally like to live in the shoreline and would consider that if I had $1.5-$2mill to throw around. Nevertheless, I would guess a reason why folks would buy a tract home in say CV for this much is probably because a mixture of pseudo-luxury and pseudo-convenience. People probably want to be closer to work and probably want to live where a school district is acceptable (yes, private schools are an option), and probably where it's convenient to everything else, but not so convenient that your local walmart costco is right next door. Custom homes in CV would be $2m+, and a lot of them aren't the most convenient access. It's not one particular thing people like, it's the entire "hybrid" package.

It's sort of like the BMW M5 . People want a performance car with certain luxury and that can tracked at an occasional auto-cross or 2, and still fit the kiddies in the back seat for a grocery run. Although I would say many who buy these never tracked their cars to warrant the purchase beyond bragging rights.

[Coronita]

4plexowner,

I would personally like to live in the shoreline and would consider that if I had $1.5-$2mill to throw around. Nevertheless, I would guess a reason why folks would buy a tract home in say CV for this much is probably because a mixture of pseudo-luxury and pseudo-convenience. People probably want to be closer to work and probably want to live where a school district is acceptable (yes, private schools are an option), and probably where it's convenient to everything else, but not so convenient that your local walmart costco is right next door. Custom homes in CV would be $2m+, and a lot of them aren't the most convenient access. It's not one particular thing people like, it's the entire "hybrid" package.

It's sort of like the BMW M5 . People want a performance car with certain luxury and that can tracked at an occasional auto-cross or 2, and still fit the kiddies in the back seat for a grocery run. Although I would say many who buy these never tracked their cars to warrant the purchase beyond bragging rights.

[Coronita]

4plexowner,

I would personally like to live in the shoreline and would consider that if I had $1.5-$2mill to throw around. Nevertheless, I would guess a reason why folks would buy a tract home in say CV for this much is probably because a mixture of pseudo-luxury and pseudo-convenience. People probably want to be closer to work and probably want to live where a school district is acceptable (yes, private schools are an option), and probably where it's convenient to everything else, but not so convenient that your local walmart costco is right next door. Custom homes in CV would be $2m+, and a lot of them aren't the most convenient access. It's not one particular thing people like, it's the entire "hybrid" package.

It's sort of like the BMW M5 . People want a performance car with certain luxury and that can tracked at an occasional auto-cross or 2, and still fit the kiddies in the back seat for a grocery run. Although I would say many who buy these never tracked their cars to warrant the purchase beyond bragging rights.

[Coronita]

4plexowner,

I would personally like to live in the shoreline and would consider that if I had $1.5-$2mill to throw around. Nevertheless, I would guess a reason why folks would buy a tract home in say CV for this much is probably because a mixture of pseudo-luxury and pseudo-convenience. People probably want to be closer to work and probably want to live where a school district is acceptable (yes, private schools are an option), and probably where it's convenient to everything else, but not so convenient that your local walmart costco is right next door. Custom homes in CV would be $2m+, and a lot of them aren't the most convenient access. It's not one particular thing people like, it's the entire "hybrid" package.

It's sort of like the BMW M5 . People want a performance car with certain luxury and that can tracked at an occasional auto-cross or 2, and still fit the kiddies in the back seat for a grocery run. Although I would say many who buy these never tracked their cars to warrant the purchase beyond bragging rights.

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[Raybyrnes]

justbought

Give someone something they take pride in and they will treat it like gold. Give someone something that is junk and then tell them that they should be happy with the cost and they will put as much into it as those who built it. JUst my FYI on this.

[pk92108]

I am not in love with Carmel valley per say .. It is just that it is hard to find a large 5 bedroom house that is relatively new with good access to freeways that is relatively coastal for the 1.5 range…Also I dont like point loma because it is in the San DIego Unified school district and you have to put up with busing and their stupid liberal policies that dumb things down toward the mean….

You could live in a nice area like point loma or misson hills and your kids would go to school with kids of low life parents..(dont mean to be mean but it is sort of true)….

I want to avoid the whole inland corridor like Poway, Scipps Ranch etc (too far from work)…So the choices are limited- that’s why I focus on Carmel valley…Just a compromise..IF i were single I would be renting and partying downtown!

Even in La jolla you can’t get a 4000 sq ft newer house for 1.5….Am I right??? I am not a real estate pro like most people here…..

thanks again fat-lazy and justbought for your good info.

[pk92108]

I am not in love with Carmel valley per say .. It is just that it is hard to find a large 5 bedroom house that is relatively new with good access to freeways that is relatively coastal for the 1.5 range…Also I dont like point loma because it is in the San DIego Unified school district and you have to put up with busing and their stupid liberal policies that dumb things down toward the mean….

You could live in a nice area like point loma or misson hills and your kids would go to school with kids of low life parents..(dont mean to be mean but it is sort of true)….

I want to avoid the whole inland corridor like Poway, Scipps Ranch etc (too far from work)…So the choices are limited- that’s why I focus on Carmel valley…Just a compromise..IF i were single I would be renting and partying downtown!

Even in La jolla you can’t get a 4000 sq ft newer house for 1.5….Am I right??? I am not a real estate pro like most people here…..

thanks again fat-lazy and justbought for your good info.

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