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listing
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Single FamilyFor Sale
$13,595,000
355 Bellaire St
Del Mar, CA
Listed by Ryan Gad DRE#01879378 [email protected] Heritage West Realty Inc
MLS: California Regional MLS (CRMLS)
6Beds
7Full1Half Baths
6,644Sq Ft
Est. Mortgage
$70,275/mo

Rare opportunity to purchase an architecturally significant home on one of Del Mar's best parcels prior to construction. Avoid the arduous and contentious entitlement process, years of wasted time seeking subjective City approvals, and the uncertainty that comes along with that process. Start building your DREAM HOME right away with this turnkey opportunity offered by HWDC. This Sea Ranch Inspired project has iconic white water ocean views to Powerhouse Park, a main residence with 6,243sf of living space (5br/6.5bth), a 401 sf detached ADU (1br/1bth), and sits on a relatively flat spacious 14,806 parcel. These unique features, along with a thoughtfully curated interior design by Calla Cane Interiors and HWDC's track record as Del Mar's most prestigious builder, make this an opportunity that won't come around again anytime soon. See supplemental for further details about purchasing prior to construction! Permitted project offered for sale by Heritage West Development (HWDC) prior to construction. Avoid the time, headache, hassle, and uncertainty of Del Mar's subjective entitlement process and skip straight to the fun stuff! Turnkey project with pre-assembled team of top local professionals to assist Buyer in "hassle free" construction process while helping to customize the home's "fit & finish" to the Buyer's liking. HWDC will be the project's developer / general contractor and Calla Cane Interiors will be the project's interior design consultant. The home's Main Residence will have 6,243 sq ft of living space with 5 bedrooms, 6.5 bathrooms, Fitness Room, Wine room, Billiards Room, Sauna, Steam Room, and two Laundry Rooms (one on each floor). The Main Residence will have Single Level living above grade plus a partially subterranean basement with lots of natural light and a large elevator connecting the two floors. There will be spectacular white water views from most rooms on the Main Level including the Kitchen, Dining Room, Living Room, Master Suite, and the home's expansive yard space. In addition to the Main Residence, there will be a detached Accessory Dwelling Unit that has 1 bedroom, 1 bathroom, and 401 sq ft of additional living space. The ADU will also have terrific ocean views throughout and could be used as a Guest Suite, Nanny Quarters, or Home Office. The MLS list price represents the estimated total value of the project at final completion. However, the project is currently listed for sale prior to construction. The price to "Buy it Now", and customize the home's finishes, is $7.3 million. This price is calculated by taking the estimated value of the project at final completion ($13.6 million) minus the project's total ESTIMATED construction costs ($6.3 million). The estimated "all-in" cost to the Buyer at asking is just over $2k per sq ft of living space. In today's market, given the project's location, parcel size, ocean views, features, and HWDC's quality of build, this is a great opportunity that won't come along again anytime soon. HWDC has been structuring deals like this as Del Mar's preeminent builder for many years and has a fantastic reputation of producing successful outcomes for all involved. For further information about the "Buy it Now" deal structure, ESTIMATED construction budget, or general project questions please don't hesitate to call Ryan Gad at HWDC. Equipment: Dryer,Fire Sprinklers,Garage Door Opener,Pool/Spa/Equipment, Water Filtration Sewer: Public Sewer Topography: ,LL Guest House Est. SQFT: 401

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Information courtesy of Heritage West Realty Inc is subject to verification and is not guaranteed.
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