4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Find whitewater and wood on Del Mar’s Bellaire Street

Staying on the right end of Covid’s “k-shaped recovery”

A shovel-ready dream house!
A shovel-ready dream house!

355 Bellaire Street | Del Mar, 92014

Current owner: DMG | Listing price: $13,595,000 | Beds: 7 | Baths: 6.5 | House size: 6600

The median house price in San Diego County jumped to $865,000 in June, up $14,000 from just one month prior and a whopping $187,000 from a year ago. A report from back in March estimated that only 25% of San Diego families could afford that median home, but values were even lower then, and it’s likely that saying three in four local households have been priced out of the market would be overly optimistic today.

If you buy it, they will build it.

But for those on the right end of Covid’s “k-shaped recovery,” the markets have been providing returns so great that a person might consider spending $13.6 million on a house that technically doesn’t even exist.

Let’s turn to Zillow, where the listing for 355 Bellaire Street in Del Mar promises a “rare opportunity to purchase an architecturally significant home on one of Del Mar’s best parcels prior to construction.” Emphasis very much mine.

“Avoid the arduous and contentious entitlement process, years of wasted time seeking subjective city approvals, and the uncertainty that comes along with that process,” the listing remarks continue. A real estate investment group bought the site in 2018 for $3 million, and has spent the last few years designing and permitting a 6200-square-foot main residence with 400-square-foot guest house. Now, it’s ready to be built. The two structures, once constructed, will occupy a lot spanning roughly one-third of an acre about a quarter mile from Powerhouse Park and Beach. Let’s see what the plans look like.

From the architectural renderings, the exterior appears to be clad mostly in wood, a welcome change from the typical Southern California stucco that’s dominated the exterior finish market for the last 80 years or so. The layouts of the two homes, each with an attached garage, work to create a semi-enclosed grassy courtyard blocked off from the street and driveway by privacy fencing; that could serve as a nice space to lounge in the sun with a book.

The “thoughtfully curated interior” features a lot of white, but also a lot of wood. The exterior walls in many rooms are almost all glass, surely to take advantage of the “iconic whitewater ocean views” that the listing promises are available from most of the rooms on the home’s main upper level. The billiards room even features interior glass walls, an appealing touch that would also probably be very difficult to keep clean. A vaulted ceiling in the open-concept living/dining/kitchen area features a series of exposed beams that appear to be painted white. Perhaps the buyer could step in and insist that these retain their original wood color.

Additional features include a fitness room, sauna, steam room, wine room, two laundry rooms (one for each floor), and an elevator connecting the main floor to the partially-subterranean basement. The lower level also opens onto another yard that appears to include a spa and outdoor seating area with fire pit.

The Bellaire property was listed in early August with an asking price of $13,595,000. That includes a $7.3 million “buy it now” price for the lot and plans, plus a “turn key” construction cost of $6.3 million, subject of course to decisions the buyer may make when customizing the fit and finish of the interior and landscaping to suit their personal tastes.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

San Diego Asian Film Festival 2021 sampler

Reviews of Beyond the Infinite Two Minutes, Inside the Red Brick Wall, and Islands
A shovel-ready dream house!
A shovel-ready dream house!

355 Bellaire Street | Del Mar, 92014

Current owner: DMG | Listing price: $13,595,000 | Beds: 7 | Baths: 6.5 | House size: 6600

The median house price in San Diego County jumped to $865,000 in June, up $14,000 from just one month prior and a whopping $187,000 from a year ago. A report from back in March estimated that only 25% of San Diego families could afford that median home, but values were even lower then, and it’s likely that saying three in four local households have been priced out of the market would be overly optimistic today.

If you buy it, they will build it.

But for those on the right end of Covid’s “k-shaped recovery,” the markets have been providing returns so great that a person might consider spending $13.6 million on a house that technically doesn’t even exist.

Let’s turn to Zillow, where the listing for 355 Bellaire Street in Del Mar promises a “rare opportunity to purchase an architecturally significant home on one of Del Mar’s best parcels prior to construction.” Emphasis very much mine.

“Avoid the arduous and contentious entitlement process, years of wasted time seeking subjective city approvals, and the uncertainty that comes along with that process,” the listing remarks continue. A real estate investment group bought the site in 2018 for $3 million, and has spent the last few years designing and permitting a 6200-square-foot main residence with 400-square-foot guest house. Now, it’s ready to be built. The two structures, once constructed, will occupy a lot spanning roughly one-third of an acre about a quarter mile from Powerhouse Park and Beach. Let’s see what the plans look like.

From the architectural renderings, the exterior appears to be clad mostly in wood, a welcome change from the typical Southern California stucco that’s dominated the exterior finish market for the last 80 years or so. The layouts of the two homes, each with an attached garage, work to create a semi-enclosed grassy courtyard blocked off from the street and driveway by privacy fencing; that could serve as a nice space to lounge in the sun with a book.

The “thoughtfully curated interior” features a lot of white, but also a lot of wood. The exterior walls in many rooms are almost all glass, surely to take advantage of the “iconic whitewater ocean views” that the listing promises are available from most of the rooms on the home’s main upper level. The billiards room even features interior glass walls, an appealing touch that would also probably be very difficult to keep clean. A vaulted ceiling in the open-concept living/dining/kitchen area features a series of exposed beams that appear to be painted white. Perhaps the buyer could step in and insist that these retain their original wood color.

Additional features include a fitness room, sauna, steam room, wine room, two laundry rooms (one for each floor), and an elevator connecting the main floor to the partially-subterranean basement. The lower level also opens onto another yard that appears to include a spa and outdoor seating area with fire pit.

The Bellaire property was listed in early August with an asking price of $13,595,000. That includes a $7.3 million “buy it now” price for the lot and plans, plus a “turn key” construction cost of $6.3 million, subject of course to decisions the buyer may make when customizing the fit and finish of the interior and landscaping to suit their personal tastes.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Women at the Elephant Bar, Carlos Murphy’s, the Belly Up Tavern helped my career as doctor

Schizophrenia, overeating, death – what lay ahead after UC San Diego med school
Next Article

Property astir on El Cajon Blvd.

Lafayette Hotel, Red Fox Room, Mississippi Apartments
Comments
0

Be the first to leave a comment.

Sign in to comment

Sign in

Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close