April 6, 2009
830 El Camino Del Mar Moves Away From 2008 And Closer To 2002
As a plugged-in reader notes, the asking price for 830 El Camino Del Mar has been reduced for the third time since being listed (for the twelfth time) two months ago.
Now asking $11,500,000. That's $3,500,000 (23%) under the expectations of early 2009 and $6,500,000 (36%) under those in the middle of 2008, but remains $2,500,000 (28%) over the asking in 2002.
∙ Listing: 830 El Camino Del Mar (2/2.5) - $11,500,000 [seacliffsentinel.com][MLS]
∙ Will The Twelfth Time Be The Charm? 830 El Camino Del Mar Returns [SocketSite]
∙ Behind The Great Wrought Iron Wooden Gate At 830 El Camino Del Mar [SocketSite]
First Published: April 6, 2009 2:45 PM
Comments from "Plugged In" Readers
"but still $2,500,000 (28%) more than was being sought in 2002."
Can't be too greedy can we?
It's a great property but it's so stratospheric that it won't generate the urgency needed to sell it at fair value (IMO).
Posted by: jessep at April 6, 2009 3:03 PM
Looks like a great vantage point to watch your Chinese shipping empire pass by...
But when it falls into the ocean during the next quake the fung shui will prove to have been poor.
Posted by: Snark17 at April 6, 2009 3:07 PM
Snark17,
I asked that earlier and am interested...is anyone else worried about the geological stability of this place?
Particularly in Earthquake city?
Posted by: jessep at April 6, 2009 3:10 PM
This rock has been here for thousands of years. (Stamps Foot, TWICE, for emphasis.) It isn't going anywhere.
Posted by: Your friendly (and always helpful) real estate salesperson at April 6, 2009 4:00 PM
If you're going to worry about losing property due to an earthquake, be concerned about fires rather than falling into the ocean.
This property seems to well isolated from earthquake induced fires, especially compared to the density of the rest of the city.
Posted by: The Milkshake of Despair at April 6, 2009 4:11 PM
I'm still upset that they fooled me with the pchop window in the kitchen. Nice place though....
Posted by: eddy at April 6, 2009 4:23 PM
in an earthquake, don't you want to be on bedrock? you can't much more rock than this.
Posted by: condoshopper at April 6, 2009 5:10 PM
The problem with sites like this isn't so much earthquakes, it's storm or wave erosion undermining the cliff.
See the Westlake neighborhood in Daly City: http://research.calacademy.org/calwild/2004winter/stories/closerlook.html
There's a reason Sea Cliff is lower than its surroundings -- the bedrock is highly erodible sandstone.
Posted by: theo at April 6, 2009 8:17 PM
If it sells for $11.5M that will be a seismic shift. And about as likely as the next big one happening tomorrow.
Posted by: jlasf at April 6, 2009 9:52 PM
If it comes with an eight track deck and a full collection of Herb Alpert and the Tijuana Brass, I might consider it as a secondary headquarters for KAOS.
Posted by: Kurt Brown at April 7, 2009 1:07 AM
Must be the water on el camino, now 611 is listed for $5.995...
Posted by: Geo at April 24, 2009 9:33 AM
Did this ever sell, or was it just pulled again. Redfin & Prop Shark don't say...
Posted by: Geo at July 14, 2009 9:08 AM
http://www.redfin.com/CA/San-Francisco/830-El-Camino-Del-Mar-94121/home/604622
Back on the market again ... for 400K more? 0_o
Posted by: kthnxybe at August 3, 2009 10:28 AM
and a price drop to $11.5.. seller must be serious this time...
Posted by: Geo at September 16, 2009 10:55 AM
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