The Villas at La Costa Resort and Spa in the La Costa area of Carlsbad provide owners with a vacation and spa lifestyle up to three months out of each year. However, very few patrons realize the villas also provide a year around investment for owners as well. Some owners are realizing up to a 6% net on their whole investment. From 2004-2006, the resort spent 140 million dollar renovating and rebuilding the resort.
The La Costa Resort was quite successful when they launched their whole ownership condominium villas as the entire resort sold out despite being released while the market was ticking down (2006 - 2008). The villas are fractional (limited use) in nature since you are permitted 120 days of usage during the year and may rent them for the rest of the time, either yourself or through the resort.
Currently, only resale units are available. One bedroom approximately 1,000sqft units start around 600k while dual master 1,800sqft suites go for approximately 1.1million and floor plans range all the way up to 2,500sqft for approx 1.3million.
As of March 2010, all resale units are being offered by the resort's in-house real estate office which has shifted its focus to rental units since selling out the resort for the most part. The one exclusive listing outside of the resort office is being offered by the Trident Realty Group.
The Trident Realty Group unit is 7319 Estrella De Mar #17, a dual master floor plan with 1,810 sqft of living space and has three large view decks. The unit is being offered for $1,060,000 which represents approximately a 10% discount from its original sales price. The only model match unit currently on the market is being offered for $1,075,000 making 7319 Estrella De Mar #17 an outstanding value.
All units are fully furnished and owners are also provided with the La Costa Villas Signature Sport Membership (a value of $16,500) which allows access to the sport facility and private locker rooms, use of 17 tennis courts, access to the pools and jacuzzis, the Splash Landing Waterslide, preferred pricing on golf, dining, retail purchases, room service and spa treatments and special events.
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If you would like more information about this community or the San Diego coastal housing market in general, please contact me by phone or text at (858) 756-9287 or email me at danchapman@me.com. Please feel free to search for homes on the most advanced MAP searching technology available at JustListedSanDiego.com.
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