More Hill Dirt Options

Posted by Dave Fratello on Friday, February 20th, 2009 at 6:13am.

If you absolutely must start from scratch to build yourself a Hill Section estate, your options for dirt are now up to 4 on the public market.

Here they are in price order:
  • 1022 1st (click for pics & details via Redfin) is high up on the hill – almost too high, near Sepulveda – with bona fide ocean views but a smallish lot, just 4800 sq. ft. It's up now at $1.497m. Try to ignore the bogus re-lists – this one has been on offer since June 3, 2008, when it started at $1.9m.
Of course, one problem for this listing is that buying the lot and building it out won't give you anything as great, for the money, as neighboring 1042 1st, a 5br/5ba, 4800 sq. ft. home on a slightly larger 5800 sq. ft. lot, now at $2.995m.
  • 113 S. Dianthus is at a similar point up on the hill, a 6250 sq. ft. lot now listed at $2.999m. It's on the west side of Dianthus, still well positioned to capture big views. (It's the source of our main pic up above.)
  • 919 1st is the newest entry, a much bigger lot (8600 sq. ft.) – again at roughly the same point on the hill as the others, this one starting out at $4.5m. The views here from the north side of 1st across the decline southward are extremely compelling. The existing home (3br/2ba, 1950 sq. ft. with pool), which they insist on picturing in detail, is not quite so compelling.
  • 222 N. Poinsettia is a double-wide lot (13,800 sq. ft.) not quite as high up as the others mentioned here, currently at $5.995m. This one has gotten plenty of attention at MBC previously.
So the dirt options, all with views, all near each other, are at about $1.5m, $3m, $4.5m and $6m, those prices aligning fairly well with the lot sizes and locations. Or so it would seem. With no spec builders and fewer dream-home dreamers these days, the dirt market appears confused for now as options grow.
comments powered by Disqus