Description

Bypass 18+ months of municipal approvals and permitting red tape! Situated just one mile from the coast on a desirable cul-de-sac in Carlsbad, this brand-new custom estate is offered mid-construction—giving a savvy buyer the unique opportunity to select high-end finishes and complete construction in under 9 months. Essential structural milestones are complete, including grading, framing, and core structures. Fully approved plans, final revisions, and active permits transfer to the buyer prior to close of escrow. With an estimated finish cost of ~$800K, capture over $1.4M in instant equity based on prevailing coastal comps approaching $1,300/sq. ft. Main Residence (3,028 sq. ft.) features single-level luxury living, paired with a lower-level private 2BR/2BA ADU (1,023 sq. ft.) ideal for rental income or multi-gen living. Prepped for an optional elevator to connect levels. Includes a cavernous 1,744 sq. ft. garage/workshop, 281 sq. ft. covered decks, and space for an optional 15x30 detached workshop. Owner May Carry! Located in top-rated Carlsbad Unified School District (Magnolia Elem, Valley Middle, Carlsbad High). Price includes plans and active permits. Virtual images shown are conceptual; home sold unfiniler shed (active CBC/Title 24 codes apply). Potential for Proprietary Financing: Skip 7%+ bank rates. Offered terms 4.75% Interest-Only Seller-Carry ($500K down, $2.0M note, 24-month term). Saving ~$60K/year in carry costs, allowing those funds to be redeployed into custom finishes. (Virtual images; unfinished. Active CBC/Title 24 codes apply).