Build your dream home on the bay in Mission Beach!
Mission Beach offers the best beach and bay access in San Diego.
Don’t miss this opportunity to build your dream home with views of the bay, yacht club, and downtown while located only a short stroll from the Pacific Ocean. This bay front location was re-zoned for a single family home or 2 unit property. There is currently a 4 unit structure on the property that can remain, new zoning will apply if you rebuild.
You have the option to use the plans that have already been approved for this location. Cut thru some of the red tape! Below is a rendering of what the structure would look like.
Mission Beach has finally taken a pause in the upward price pressure that began in 1998 and lasted until 2005. The average sales price increased from $350,000 to $1,300,000 during that time frame. At this time buyers have the upper hand in the high-end market, here’s why:
1. Motivated sellers as seen with the increased inventory on the coast.
2. Interest rates are still at 40 year lows.
3. Conforming loan rates up to $697,250 in San Diego.
4. Great 1031 option.
5. 7 out 10 properties sell for LESS THAN the original list price.
6. As Mr. Buffet said: “Be scared when others are greedy and be greedy when others are scared”
Please contact us if you would like more information on this property or any other opportunities in the coastal areas.
Jason J Riehl | 858.220.4100
Your Beach Property Insider
