5 panoramic ocean view lots on prestigious Highland Drive in Carlsbad. Property addresses are 2908,2912,2916,2920 and 2924 Highland Drive. Included are two existing single family homes PLUS the three divided vacant lots with ALL utilities stubbed to each vacant lot. SDG&E installed underground transformer vault, sewer main and laterals as well as city installed water meters and fire hydrant at street. 20 years of documented development history, including final map. See supplemental remarks for more info!
“Build out” comp is across the street at 2873 Highland built in 1992 (5 bedroom 4.5 bath 4930 sqft that sits 10’-15’ below our lowest elevation lot on less than 10,000 sqft lot that closed at $1.65) .. plus new construction in the 3700 block of Highland selling at $475 - $543 a sqft with “some” to NO OCEAN VIEW compared to this properties panoramic ocean views.... Also 1228 Lanai closed 10/30/18 at $1,595,000 with no view built in 2016 .. plus many others that could put build out values at $2 million plus .. 2916 Highland (lot 30) is a 2/1 (1208 sqft) and 2924 Highland (lot 28) is a 3/2 (1682 sqft) Fire hydrant, Sewer laterals, water meters and SDGE transformer/vault installed, utilities stubbed to each lot. Homes in good condition. Turn key rentals $6-7k a month. APN's and lot sizes are 156-200-28-00 (15,352 sqft) 156-200-29-00 (8,928sqft) 156-200-30-00 (10,371 sqft) 156-200-31-00 (10,450 sqft) 156-200-32-00 (9,620 sqft)