For several months, builders have been pushing the ceiling up in the Tree Section, trying to make $3.5m the new normal for top-end everything.
Along comes 1718 Pacific, blowing them all away with a $4.5m pricetag on a remodel just a few doors down from the school. (To be fair, this was a big-time rebuild/remodel, in…
For several months, builders have been pushing the ceiling up in the Tree Section, trying to make $3.5m the new normal for top-end everything.
Along comes
1718 Pacific, blowing them all away with a $4.5m pricetag on a
remodel just a few doors down from the school. (To be fair, this was a big-time rebuild/remodel, in '03.)
The big asset: a 9,900 sq. ft. lot – yes, double the normal size for the area, and it's well-concealed, too, because the lot is much deeper than it is wide.
The rear yard has room for all you'd find in a different kind of suburban neighborhood – a patio for entertaining, some grass, a pool, and a sports court.
Compare this to the previously most-expensive home in the Trees: new construction at
570 27th (across from Ladera School), and
there is no comparison. The listing for 27th ($3.75m) seeks your
oohs and
ahs for: "a huge, rare 6800+ square foot lot," onto which the builders (Schaar) placed the following outdoor amenities:
grass, and a narrow strip of
tiled patio. The home at 1718 Pacific is actually larger.
Now, is this Pacific home $750k better than the 27th St. home, or $1m better than the nice Farnham build at
717 31st (with no outdoor space to speak of)?
Or, for that matter, is this one really in a place
beyond the grander homes in the Hill Section at $3.0-$4.3m? Mere mortals cannot say... but the market will.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 19th, 2024 at 3:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.