Home for Sale at 2910 Highland Dr., Carlsbad, CA 92008

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2910 Highland Dr.
Carlsbad, CA 92008

Molly Santistevan with Compass, original listing - (858) 375-7394

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Property Details

List Price:	$4,495,000
Beds:	5
Baths:	Full: 5, ½: 1
Status:	Active
SqFt:	3655 Square Feet
Agency:	Compass
Agency Phone:	(858) 375-7394

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Single Family Residence
Year Built:	2024
Notes:	This extraordinary Contemporary Coastal home is in a prime location within the exclusive Highland Five enclave of Olde Carlsbad. This is one of 5 brand new construction homes, thoughtfully designed and built by a local family owned builders CalWest. Each one of the homes enhances the indoor-outdoor California lifestyle, and all have ocean views. Upon entering the 2910 Highland Drive you are immediately struck by the opulence of this property from the glistening pool with its fountains and spa, to the beautifully landscaped yard which features a covered loggia with fireplace and a fabulous one bedroomed, self-contained guest house. The home is designed with sophistication and comfort in mind. The floor plan has a natural flow, hardwood flooring which adds a timeless elegance, and it is bathed in abundant light from the oversized sliders to the black framed windows throughout. Designed with family and entertaining in mind the stunning kitchen is at the center of the home. The chef’s kitchen is filled with high-end materials, custom cabinetry, a huge island, Wolf and SubZero appliances. The great room features dining and living rooms with a dramatic fireplace wall. A secondary en suite bedroom/office, powder room and laundry room complete the first floor. Upstairs boasts ocean views, an expansive primary en suite bedroom with large balcony, two secondary bedrooms, 2 full bathrooms, and a large den. There is plenty of storage throughout the house, and an attached 3-car garage. This home truly has it all and is an opportunity not to be missed.
MlsNumber:	--
ListingId:	240027084

Listing Provided By:	Compass, original listing
Phone:	(858) 254-6918
Office Phone:	(858) 375-7394
Agent Name:	Molly Santistevan
Disclaimer:	Copyright © 2024 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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