830 El Camino Del Mar

As a plugged-in reader notes, the asking price for 830 El Camino Del Mar has been reduced for the third time since being listed (for the twelfth time) two months ago.

Now asking $11,500,000. That’s $3,500,000 (23%) under the expectations of early 2009 and $6,500,000 (36%) under those in the middle of 2008, but remains $2,500,000 (28%) over the asking in 2002.

Comments from Plugged-In Readers

  1. Posted by jessep

    “but still $2,500,000 (28%) more than was being sought in 2002.”
    Can’t be too greedy can we?
    It’s a great property but it’s so stratospheric that it won’t generate the urgency needed to sell it at fair value (IMO).

  2. Posted by Snark17

    Looks like a great vantage point to watch your Chinese shipping empire pass by…
    But when it falls into the ocean during the next quake the fung shui will prove to have been poor.

  3. Posted by jessep

    I asked that earlier and am interested…is anyone else worried about the geological stability of this place?
    Particularly in Earthquake city?

  4. Posted by Your friendly (and always helpful) real estate salesperson

    This rock has been here for thousands of years. (Stamps Foot, TWICE, for emphasis.) It isn’t going anywhere.

  5. If you’re going to worry about losing property due to an earthquake, be concerned about fires rather than falling into the ocean.
    This property seems to well isolated from earthquake induced fires, especially compared to the density of the rest of the city.

  6. Posted by eddy

    I’m still upset that they fooled me with the pchop window in the kitchen. Nice place though….

  7. Posted by condoshopper

    in an earthquake, don’t you want to be on bedrock? you can’t much more rock than this.

  8. Posted by theo

    The problem with sites like this isn’t so much earthquakes, it’s storm or wave erosion undermining the cliff.
    See the Westlake neighborhood in Daly City:
    There’s a reason Sea Cliff is lower than its surroundings — the bedrock is highly erodible sandstone.

  9. Posted by jlasf

    If it sells for $11.5M that will be a seismic shift. And about as likely as the next big one happening tomorrow.

  10. Posted by Kurt Brown

    If it comes with an eight track deck and a full collection of Herb Alpert and the Tijuana Brass, I might consider it as a secondary headquarters for KAOS.

  11. Posted by Geo

    Must be the water on el camino, now 611 is listed for $5.995…

  12. Posted by Geo

    Did this ever sell, or was it just pulled again. Redfin & Prop Shark don’t say…

  13. Posted by kthnxybe
  14. Posted by Geo

    and a price drop to $11.5.. seller must be serious this time…

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