1471-1475 Summit Ave. Cardiff by the Sea CA 92007

Description

This coveted (.98 acre) parcel is one of the few, truly one-of-its-kind parcels remaining in this revered neighborhood, and is now available for sale. With ocean views from existing residence, backcountry vistas & panoramic ocean views can be achieved from a second story if one or two of the homes on site are enlarged with a second level. Or, build a new custom two-story home, or homes, on this unique offering. Located in Cardiff’s renowned Composer District, this is one of the last available parcels of this size & zoning along the coast with ocean views & walking distance to the beach. Few if any parcels compare to this unique property’s potential for redevelopment. Seller says that city indicated this parcel’s originality includes a legacy right for the two homes on site to remain as two permitted dwelling units (instead of one)~ one of the key reasons this parcel’s intrinsic value is superior to potential competitors. The ocean view potential is also unique for this location, nestled in Cardiff’s sought after “estate neighborhood”. The front 3 bd., 2 ba. home is charming with large fireplace, ocean views + remodeled with new windows and elec. box + vaulted ceilings in living rm & dining room. Second rear residence has been partially updated with new wiring, new electric box & meter, and is now ready for a buyer to add their own finishing touches to complete this approx.950 sq.ft.(per building records) 1 br., 1 ba. floor plan. Rear home overlooks rear of parcel with large vegetable garden, & mature trees. Each home has its own electric and gas meter.