1471-1475 Summit Ave., Cardiff By The Sea, CA 92007
In escrow & seeking backup offers. This coveted (.98 acre) parcel is one of the truly one-of-its-kind parcels remaining in this revered neighborhood, and is now available for sale. With ocean views from existing residence, backcountry vistas & panoramic ocean views can be achieved from a second story if one or two of the homes on site are enlarged with a second level. Or, build a new custom two-story home, or homes, on this unique offering. Located in Cardiff's renowned Composer District, this is one of the last available parcels of this size & zoning along the coast with ocean views & walking distance to the beach. Few if any parcels compare to this unique property’s potential for redevelopment. Seller says that city indicated this parcel's originality includes a legacy right for the two homes on site to remain as two permitted dwelling units (instead of one)~ one of the key reasons this parcel's intrinsic value is superior to potential competitors. The ocean view potential is also unique for this location, nestled in Cardiff’s sought-after "estate neighborhood". The front 3 bd., 2 ba. home is charming with large fireplace, ocean views + remodeled with new windows and elec. box + vaulted ceilings in living rm & dining room. Second rear residence has been partially updated with new wiring, new electric box & meter, and is now ready for a buyer to add their own finishing touches to complete this approx.950 sq.ft.(per building records) 1 br., 1 ba. floor plan. Rear home overlooks rear of parcel with large garden, & mature trees. Each home has its own electric and gas meter.