This is one incredible piece of Santa Monica Real Estate!
It's been the buzz in Santa Monica for the past few years since construction has been underway, only after more than a decade of community input and planning. And now we are probably less than a month away from it's grand opening! The Annenberg Community Beach House, aka 415 Pacific Coast Highway, is scheduled to open mid to late April.
Rumors are that it may be the first of it's kind - a public beach club being born from a fully restored magnificently tiled pool and guest house, and once the site of a grand 110-room mansion designed by Julia Morgan. The original estate was built by William Randolph Hearst for his companion, actress Marion Davies.And back in the Golden Era, the property was a "hot spot" for Hollywood celebs who would come to enjoy the fabulous parties and enjoy the sun & sea. Davies was known to be the pre-eminent Hollywood hostess, hosting film luminaries to heads of state.
The redevelopment includes a playground, splash pad, event space (various types), and a pool house with a second floor viewing deck. Locals are excited about the re-opening of Back on the Beach Cafe, which was closed down and refurbished as part of the project. Locals and non-locals alike will be able to enjoy the Beach House all summer long. It can also be available for rent for private events all year round.
One hour tours will be offered by docents organized by the Santa Monica Conservancy.
The Annenberg Foundation provided a massive grant to the City of Santa Monica and California State Parks some years ago. The US Department of Housing & Urban Development as well as the Federal Preserve America grant program have also provided additional funding.
The re-opening is highly anticipated, and is expected to generate alot of interest. So if you plan to go, ride your bike...PCH will be a bear!
This article was originally published in category: Los Angeles Real Estate at www.bestsideofthewestside.com titled: Santa Monica, CA | Annenberg Community Beach House Is Set To Open!
Even in an economic slow-down, there's pent-up demand within the segment of the market that comprised the buying population of yesteryear in the luxury Santa Monica condo market. A majority of my business from ‘04 through ‘08 was made up of representing buyers and sellers in the $900,000 to $1.5M price range, mainly in Santa Monica.
Many prospective buyers in this price range have discontinued their searches for many reasons: 1) Lost capital toward down payment in stock market investments (most likely where money was being socked away in anticipation of a real estate purchase), 2) In the old market, with secondary financing readily available, it was easy to get in with 10% down, 3) Now, with a 25-30% down payment requirement, many buyers who can easily carry the mortgage don't have the $250,000-300,000 that's now required.
My clients are very smart people. Here we are, in an economic crisis, and the luxury condo market in Santa Monica has gone from a full-force, open faucet pressure to a dried-up slow drip. The jumbo loan market is practically non-existent, with the few banks that offer them expecting no less than a 25-30% down payment.
A buyer can now buy brand new, gorgeous, high-end construction,
a north of Wilshire Santa Monica Condo
with better terms than ever before!
Here's the deal:
Based on the current list price of this property, I can demonstrate at least 20% upside based on historical evidence (let's not forget that the real estate market is cyclical).
And that's not all! The seller is offering a 6% Builder Incentive which the buyer can use any way they see fit
THIS IS A FANTASTIC DEAL!!!
Watch the video below and FALL IN LOVE with this property...
http://www.youtube.com/watch?v=SI5_QS9O5ZU
If you're ready to take a live tour through the property, feel free to email me or call me at 310-392-0096.
Cheers!
This article was originally published in category: Los Angeles Real Estate at www.bestsideofthewestside.com titled Sellers Solve Pent-Up Demand in the Luxury Santa Monica Condo Market
I have been working very hard to line up the very best possible team of trusted advisors and experts to help sellers in today's tough economic climate. Home owners that want to sell their home but owe more money that what the house can sell for need to call me right away!
My team and I can help you sell your home and:
Our services are FREE to any home owner. If this sounds too good to be true, call me now and put us to the test!
It's a fact that new legislation has been passed that is specifically designed to help American homeowners avoid foreclosure. You deserve the help, and we want to give it to you. Call today for a free, no obligation assessment of how we can help you now!
You can email me or call at: 310-392-0096
This article was originally published in category Los Angeles Real Estate at www.BestSideOfTheWestSide.com titled Santa Monica Real Estate Agent Teams Up to Help Underwater Home Owners
Yet another opportunity for buyers to take advantage of great Santa Monica real estate deals! There is now a tax credit available for qualified buyers who on or after March 1, 2009, and before March 1, 2010, purchase a qualified principal residence that has never been occupied. The buyer must reside in the new home for a minimum of two years immediately following the purchase.
The state has already begun accepting applications for allocation of credit. As of this writing, 173 applications have been received. This is great news! Only $1,715,826 of the available $100,000,000 has been spoken for.
There's one small detail: as of today, the State of California has not fully developed procedures to handle the applications. But once they start processing applications, credits will be allocated on a first-come, first-served basis. You can moniter any updates to this program at the Franchise Tax Board's website.
This article was originally published in categories: Home Buying Tips, Los Angeles Real Estate, Santa Monica Real Estate at www.BestSideOfTheWestSide.com titled New Santa Monica Homes Qualify for $10,000 California Tax Credit
Exciting stuff! I have partnered up with Eric Mitchell with Metrocities Mortgage and we have combined forces in a newly formed strategic relationship with Home Buyers Marketing II. HBM II provides area homebuyers with an innovative and FREE home finding service called Home Buyers Scouting Report.
The Home Buyers Scouting Report matches your personal home search criteria with properties that are currently listed for sale and in your price range...Online...available 24 hours a day!
At your convenience, login to HBM II's private, password protected website to view the listings that match your home search criteria with pictures, prices, addresses, directions, maps and more!
While online, you can save your favorite properties to a notebook for easy reference and to receive updated information on those properties. Can't find your favorite? You can change your personal search criteria to include additional neighborhoods and home styles.
Literally, with the click of a mouse, you can even schedule a property showing with me.
So if you have interest in a specific property that you have driven by, you can simply type in the address and view information about that particular property.
With the Home Buyers Scouting Report, you can received daily updates on new listings as they become available using a cool feature called ‘Quick Alert' which notifies you immediately with new listings. Be the first buyer to see a new listing! Many busy hombuyers have heard about a great property only to find that it has already been sold, so let' s make sure this doesn't happen to you.
There is no obligation. Using the Home Buyers Scouting Report will allow you to get a real sense of the current housing market in your time, at your convenience. Whether you are looking to buy a new home soon or just thinking about real estate possibilities, I believe that this is the BEST home finding service available.
As a preferred buyer, we want you to know about it! For more information about receiving this FREE home finding service, feel free to call me today or search for homes here.
This article was originally published in category Los Angeles Real Estate at www.BestSideOfTheWestSide.com titled Find Your Dream Home Online!
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