Come see this beautiful coastal two unit luxury compound…

Project Breakdown:

2 stories: One home on top, one home on bottom. Upper and lower single level living at it’s finest.

For more information and to schedule a private showing: Call/Text 858 295-1133 or contact us here.

The home on the top floor is 3,230sf with 675sf of entertaining deck space with gorgeous views off the front and back. The property features 4 beds /3.5 baths, a 9’ island in the kitchen, top of the line appliances, a dining area large enough to comfortably fit 14 people, and beautiful finishes throughout. The master is extremely large with its own coffee bar area, walk-in closet alone is 8 x 18, and a wrap around deck off the bedroom with great ocean views.

The home on the bottom floor is 2,727sf, 3 bed + office/3 bath. A lot of the same details as above. This unit also festures an outside area with a yard, outdoor fire place, spacious patio and an outside shower as well (great for getting back from the beach).

Rental Income Potential: Short term rental (AirBnB) potential $33-34k/month for both units based on 25 days out of the month. 5% cap with all expenses already built including a 10% management fee, taxes, depreciation, and wear/tear. Will be a fantastic asset for the future. Buyer to confirm all numbers.

A few great highlights to note about BOTH homes:

The finishes are A+++ and absolutely gorgeous: The doors, windows, and huge sliding glass doors are all Fleetwood and super high end. Along with that… European Oak flooring, Sub-Zero refrigerators, wine fridge, custom white shaker cabinet that the developer designed himself, invisible outlets. (He wanted a one of kind product like the rest of the home). Charcoal Quartz countertops also carried over into the bathroom finishes.

Just Steps To The Beach – Property is located only 200ft from the sand! Popular beach with a beach access staircase on the same street. Feel the ocean breeze everyday.

High End Wood Accents Throughout – Developer used a rare wood called Ipe on the patio decks, railings, and property fencing. Ipe is a Brazilian walnut that is hard, strong, and naturally resistant to rot, abrasion, weather, and insects. It is almost twice as dense as most woods and up to five times harder. This wood detail is beautiful and costly!

Smart Home Ready– Both are smart home ready and completely wired for whatever you want to do. If you are tech savvy, this is perfect. If not, worries we can help get everything set up. There are also indoor/outdoor speakers and wifi repeaters at both ends of each home so the signal is always at its full strength.

Parking – There are 8 total parking spots! For this street, that is extremely valuable. Both homes have over sized two car garages. Made sure to fit two trucks or suvs. Then each driveway will be able to hold 2 cars. Parking can be very difficult in beach communities and this property has plenty of parking.

Private Layout– Both homes are reverse floor plans of each other and the entrances are on separate sides of the property. Each homeowner (or tenant) will never have any reason to cross paths (if they don’t want to) and the structure is extremely private.

Sound Proof Windows and Flooring system – When you stand inside it’s so quite you could hear a pin drop. The developer went the extra mile to make sure the flooring and windows are sound proof. 7 layers of flooring between units and very innovative. The layers consist of sound mat, insulation, wool, spun cotton, fiber glass, sound clips, double air drywall, (The video below explains this in more detail).

Value Increasing Development – The street is undergoing a lot of future development and 163-165 Cherry Ave will be the first to be completed. The lot to the east is building three luxury unit and the asking prices will be $10.5-12M. Much larger lot and sqft. Very good news for the subject property.

The entire project is offered at $5,800,000 (priced together)

Top Unit
Square Feet: 3230 Bedrooms: 4 Baths: 3.5
Price: $3,500,000

Bottom Unit
Square Feet: 2724 Bedrooms: 3 Baths: 3
Price: $2,300,000

For questions or to schedule a private showing: Call/Text 858 295-1133 or contact us here.