There is ample room for a substantial luxury estate to be built here, overlooking the Pacific Ocean and surrounded by virtually nothing but California BLM protected land along the coast on one side and of the Pacific Ocean on the other.
Extensive site research and planning documentation exists for the due diligence of interested buyers, such as topography reports, soil samples, drainage, etc., through Elite Auctions representatives.
Commenting on the announcement and some of the dangers of buying an existing luxury beachfront home in California, Randy Haddawayfounder and CEO of Elite Auctions, said: “For buyers of luxury properties who are looking for a beach front Californiaa very interesting article that I read immediately came to mind, and it was on the NPR website, and said that within the next 30 years, $8 billion for $10 billion of existing assets in California should be underwater, and that was according to the state legislative analyst’s office. An additional amount of $6 billion for $10 billion will be in danger at high tide! It’s hard to fathom right now, from where I’m sitting, but one thing you can be sure of: if it’s true, this property won’t be part of it.”
Located high on a cliff where the King Range meets the Pacific, the prime construction site for a new luxury home here, Haddaway says, would face no such threat.
“And it’s true, you’re not directly on the beach here, but that — and the extraordinary seclusion and privacy, amidst all the natural beauty here — is the property’s unique appeal. When you look south and even much of central california now, with its traffic, pollution and crime, a property like this makes perfect sense.”
38 Bay Circle is available for public and private viewing until the day of the live auction. To pre-register to bid or to schedule a viewing, call 844-94-ELITE or email [email protected].
The auction will take place at the property, Saturday, May 7, 2022to 11 a.m. local time, with registration from 9 a.m.. Remote offers will be accepted by telephone. Broker participation is encouraged.
About ELITE AUCTIONS
ELITE AUCTIONS marketed more than $2 billion of high-value properties and luxury yachts up for auction, including the finest beachfront mansions on private islands, high-rise penthouses, sprawling country estates and more. Its luxury home auction team is dedicated to helping sellers get the best value for their property and close a sale quickly.
SOURCE Elite Auctions