This prime parcel is the perfect prospect for an investor/developer or owner to build a magnificent new dream home on the sand.
This prime parcel is the perfect prospect for an investor/developer or owner to help carry the existing property while selecting/contracting a builder, as it has an existing completely rented duplex (2-bed, 2-bath down, 2-bed, 1-bath up).
Build a magnificent new dream home on the sand. The plans and permits are all approved and in place to build, right on the ocean front, a 5,000 sqft smart home comprised of 4,625 sqft. of living area and another 508 sqft. "integrated" garage with elevator service to the kitchen, dining, living room, and bedrooms.
The design of this home is so flexible, it may be configured in multiple combinations of bedrooms and bathrooms. From 6/6.5 or 5/5.5 to 4/4.5, if larger bedrooms and/or an office or den is desired.
Purchase lot, plans and permits for $2,995,000 and add $1,500,000 for construction cost = $4,495,000 total cost. Comps for new construction on the beach in this area show this new beachfront home would sell for between $5.5 and $6 million.
Investor/Developer: MAKE $1+ MILLION
Owner: SAVE $1+ MILLION
Both: Save 3 years of design, engineering and permitting (including permit fees & new construction school fee) through Huntington Beach and the California Coastal Commission!
Tour the finished project through these renderings.