The unit features direct elevator access from the shared underground garage
  • The unit features direct elevator access from the shared underground garage
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Marketing copy for the three-bedroom condo at 202 Coast Boulevard (#3) says this “spectacular oceanfront property is ready for you.”

202 Coast Boulevard, La Jolla, 92037

202 Coast Boulevard, La Jolla, 92037

Situated on a single level (the building’s second floor), the unit features direct elevator access from the shared underground garage with two reserved parking spaces. From there, you’ll enter just over 2700 square feet of indoor living space, plus a wrap-around deck “that captures the panoramic water views and blissful energy of Horseshoe Beach.”

Kitchen by luxury supplier Bulthaup

Multi-paneled retractable glass doors invite the beach atmosphere inside, allowing you to “listen to the waves crash on the shore while you cook in your open gourmet kitchen” designed by the luxury supplier Bulthaup, or to “watch sunsets from your living room sofa or gorgeous master retreat.”

The complex, comprising 13 units, offers direct beach access

The 17-by-14-foot “master suite is sizeable and features ocean views,” though “secondary bedrooms are generous in size” as well. High-end finishes include hardwood floors throughout the living areas, with custom travertine and stone bathrooms.

Don’t forget the $1675 monthly homeowners’ association fees

The complex, comprising 13 units, offers direct beach access and secure gated parking, though it’s unclear what other benefits accompany the $1675 monthly homeowners’ association fees.

“When you need a break from observing stunning ocean views and sandy beach,” the listing reminds, you can always “take a walk to downtown La Jolla, the Cove, museum and local cafes” all within a mile of the unit.

Property records indicate the unit was purchased new from the builder in 2004 (the complex shows a construction date of 2000) for $3.7 million. The buyer was listed as Donald Greenwood, though the family trust lists a Carlsbad mailing address for Travis Page Greenwood, chief financial officer at RedHill Realty Investors, an investment group with apartment holdings across the western United States.

Current Owner: Greenwood family

Beds: 3

Baths: 3

List Price: $8,200,000

Numerous attempts to market the property over the course of a decade have yet to snare a buyer — first, the unit was offered for rent at the blush-worthy price of $50,000 per month in 2008. The condo was then offered for sale in early 2008; after nearly a year with no offers at $8.9 million, that listing was allowed to expire. A 2015 listing for $6.9 million again ended without success, ditto for a trio of 2016 listings that dropped as low as $5.6 million before expiration.

After more than a year off-market, the unit surfaced for sale again at the beginning of December, with the third agent to date taking a swing at marketing duties. The new price has bumped all the way back up to $8.2 million and remains unchanged to date.

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Comments

dwbat Dec. 20, 2017 @ 9:58 a.m.

I've never understood why homeowners put a giant TV above the fireplace. Pretty lame. And the kitchen oven is too low to the floor. Was this place originally built for Smurfs? The whole condo is ridiculously overpriced. What a La Jolla house you could buy for $8 mil!

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SanCarlosGuy Dec. 20, 2017 @ 1:32 p.m.

It's worth what people will pay for it. Perhaps, the Smurf's Trust will find it of value :)

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dwbat Dec. 20, 2017 @ 2:26 p.m.

Some people have an inflated idea of what their property is worth. They don't reflect the real world, or were talked into that high price by a Realtor who wanted the listing.

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