Buying Property in a Hidden Gem -- Martin's Beach, California
Update: 3/17/17
A few miles south of Half Moon Bay, in San Mateo County, California lies a hidden gem -- Martin's Beach.
The rural land known as Martin's Beach is comprised of approximately 80 acres, set between the Cabrillo Highway (Highway One) and the Pacific Ocean. After having been owned by the same family for many years, around 2009 this large parcel was sold for approximately $40,000,000.
This sale was made subject to leases of approximately 50 small cottages which cling to the side of the bluff, just above the Pacific Ocean. The leases have around 1.5 to 3.5 years left, and then the cottages are expected to revert to the landowner. Many of these cottages have been in the same families for generations. Now, with such a short time left on the leases, very few are being offered for sale.
I've had the delightful job of exploring some of these cottages with one of my clients who would enjoy having a special place, not far from the bustling life in Silicon Valley, where they can bring their children and grandchildren to enjoy carefree beach days.
Their purchase offer came together in 2010, and they have been enjoying it sense then.
When you hear the ocean in the video, and know that these cottages are tucked away at the end of a gated drive, not to be seen from the highway above, it gives you a clue to how enchanting this place truly is.
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