It is a magnificent home that elicits a "WOW!" from 90% of the people that enter when they see the surprising main room design; it is unexpected from the outside appearance, and essentially is cathedral like in its ceiling height & design. The main home totals 3 stories, with 3,881 sq ft on the top 2 stories and 1,223 sq ft on the lower floor's permitted au pair unit. This totals 5,104 sq ft for the main building and an additional apartment of recently upgraded 838 sq ft over the 4 car garage. This gives a total of 5,942 sq ft. of living space. We are in plan check for a wrap around top story Oceanview deck, which will add significant ocean views, and enjoyment/ value, included in the sale price. Plus the property has R3 zoning which will allow for additional structures, one, possibly two homes, each with ADUs. Zillow's Zestimate was based on both lower sq ft and lower comparable sales per ft values. We will advise Zillow and hopefully see an accurate adjustment using sales within 2 blocks in the last 3-4 months at over $1,000 per sq ft, each with no ocean views. We are intent on finding a savvy buyer that would be interested in the LLC interest option where the seller essentially agrees to a sale leaseback for the rental units and the new buyer owns the main home, at a handsome discount. The owner will carry the 1st loan on a land contract, after an agreed down payment, at 2.6% for 4 years, thus lowering the monthly expenses considerably. We can review this option and others a buyer may wish to review after we discuss all purchase and LLC options.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
