Oceanside real estate is a study in contrasts, from multimillion dollar oceanfront properties to $70,000 condos, from new construction homes and condos to an abundance of short sales, pre-foreclosures and REOs, from tract housing subdivisions to 55+ communities (seniors). There are ocean views and terrific beaches, and rolling hills and views of the mountains to the north in Camp Pendleton and to the east.
The downtown area of Oceanside along the coast road, and to the west to the ocean, is undergoing major redevelopment; this redevelopment project is a 375 acre area west of the 5 freeway, north of Harbor, and south of Wisconsin, which includes new construction (residential, hotel/resort, and mixed used office/retail) as well as rehabilitation of existing structures. One might say Oceanside is the last frontier for coastal development in North San Diego County, and the options for buyers in this area are diverse.
Oceanside Terraces is one of the newest complexes to be completed in the redevelopment area, with more to come several years down the road.
For buyers seeking waterview homes, especially new construction, Oceanside Terraces offers incredible value, with all their homes now priced under $1 million just 3 blocks to the ocean and beaches. The burgeoning downtown area with shopping and dining, and the Oceanside Pier are a few minutes walk; enjoy a visit to the California Surf Musuem nearby. The train station, with Coaster access south to San Diego and Amtrak trains to Los Angeles and points north, is nearby as well. Beaches are close by foot or bicycle.
A range of floor plans, sizes, and terrific views (predominantly ocean and costal but inland as well) are still available, with homes on 4 floors including the penthouse level. There is garage parking (2 spaces per unit) with elevator access to all floors. There is a spa as well as an attractive landscaped courtyard with seating area/activity patio and fireplace on the 3rd floor. Retail establishments are on the ground level.
These Oceanside homes are 2 or 3 bedroom with in-unit laundry, ranging in size from 1,737 SF to 2,563 SF. Each has at least one terrace but some have 2 or 3 (covered or open air balconies, from 90 to 700 SF). Prices have been reduced dramatically just recently, and now range from the $500s up to $950,000 for a penthouse unit with incredible views. Wet areas (e.g., kitchen baths) are tiled but buyers will need to install flooring or carpet of their choosing - not a bad deal considering these prices.
Kitchens offer granite and stainless steel GE Profile appliances (refrigerator not included). Residents pay HOA fees of approximately $599/month which includes gas (covering washer, dryer and range), hot water, water, sewer, HVAC, and trash removal; homeowners must pay their own electric. There are also individually-controlled HVAC units in the homes (electric) that are paid for by the home owners.
The building is conrete and steel, which are excellent materials for being by the ocean. And Oceanside Terraces is also ADA compliant.
Buyers should be aware that the redevelopment will continue in the area between Oceanside Terraces and the ocean, in keeping with the redevelopment project, and while a number of years down the road, the views will change at some level for a number of the units.
If I can provide more information about Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits