Busy Highview

By Dave Fratello | August 25th, 2010
We called it the "dog days" just last week.

There's been a nice run in late August, though – not just in El Porto Norte – and one quick new sale on the Hill Section's hidden-away Highview Ave. reminded us how busy that block has been this year.

801 Highview (6br/7ba, 6425 sq. ft.) is a big, stately corner-lot home near the crest of the Hill at Pacific.

There are just a few prime positions up there, and 801 Highview's got one of them. Commanding views from the top level, PV and ocean – many claim it, a few have it. There are even some peeks from the first level, where all the bedrooms and one living/media/fun room are located.

The late-90s home has been updated, though it's heavy on stone and tile, not the hardwoods that buyers seem to prefer these days. Bonus: A horseshoe-shaped double master bath, connecting through a large walk-in closet. Presumably this is for the hardworking couple that must get ready at the same time each morning.

We saw 801 Highview last year. It ran 280 DOM in 2009, requiring a not-insubstantial correction from a start at $7.495m to be taken more seriously at $5.997m, its list price for 5 months, concluding as of Dec. 31 last year.

It returned at $5.997m on Aug. 11 this year and lasted just 8 days.

So have you noticed how busy little Highview has been recently? Just recently:

  • 925 Highview and 929 Highview, both livable homes, with 929 being an architectural modern (pictured), listed on the same day in February and closed a week apart in late April/early May (see "Good-News Neighbors"). 925 went for $2.1m, and 929 for $2.450m.
  • 931 Highview sold basically for lot value at $1.550m in late July. It's not a lot of lot, at 6340 sq. ft., but it's Highview.
  • 809 Highview – nearby neighbor to 801 – also went as a land sale at $4.3m – yes, more than $4m for the dirt – closing just 2 weeks ago. There was more dirt: 14,000+ sq. ft., and better dirt. There'll be great views of the ocean and PV from the next structure. Closed price was a slight overbid on the $4.2m list, after 2 weeks on market.
The corner lot at 801 Highview has 40% less dirt than 809, but hey, it's already got a house, and the whole package sets you back just $6m. Wanna guess how far they'll go on 809?

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