November 29, 2010

Black Friday sale: Half Moon Bay beach house!

$109,000

 

Beds: 1
Baths: 1
Sq. Ft.: 650
$/Sq. Ft.: $168
Lot Size: -
Property Type: Detached Single Family
Style: Cabin
Stories: 1
View: Ocean
Year Built: 1910
Community: Tunitas Creek
County: San Mateo
MLS#: 80935619
Source: MLSListings
Status: ActiveThis listing is for sale and the sellers are accepting offers.
On Redfin: 477 days
OCEAN FRONT HOME ON LEASED LAND. THIS IS ONE OF THE MOST SPECTACULAR BEACHES YOU’VE EVER SEEN!!LOOK WHERE YOU CAN LIVE. DOES IT GET ANY BETTER THAN THIS? HOME NEEDS SOME TLC BUT THE VIEW IS TO DIE FOR.

It’s Black Friday week! The search is on for DEALS DEALS DEALS!

This is the cheapest property in all of San Mateo county! And what a deal! Sure it needs some TLC, but at $109k, this is basically a stocking stuffer for your beach loving son/daughter!

Look, the view is to die for!

image

Oops… hold on… I’ve got a call from Oceanic Airlines. They’re askin
g for Jacob – has he seen their plane? No… must be a wrong number call.

While we’re on this Lost theme, I think it’s time for a flashback!

http://www.burbed.com/2006/04/14/265000-for-beachfront-view-in-half-moon-bay/

April 14, 2006

$265,000 for beachfront view in Half Moon Bay!

It’s friday. It’s the weekend. Let’s wrap up the week with a trip down to the beach…

MLSlistings Property Detail for MLS number 519266
14 MARTINS BEACH
Half Moon Bay, CA 94019

265halfmoon.jpg

[Smash cut to black. BURBED.]

Comments (21) -- Posted by: burbed @ 5:09 am

21 Responses to “Black Friday sale: Half Moon Bay beach house!”

  1. SEA Says:

    Is paying $109,000 to live on “LEASED LAND” cheaper than renting?

  2. nomadic Says:

    Too bad “beach lover” (from the other thread) couldn’t scrape up the cash to buy it. Maybe Santa will give it to him this year.

    Then again, maybe the real problem is the $900/mo rent for the land.

  3. Marty Says:

    The best of all possible worlds – you can rent AND buy at the same time. What a way to diversify your portfolio.

  4. ymous Says:

    That’s a nice price cut. How long is the land lease? If it’s more than 20 years, that seems like a better deal than most. Ocean front is ocean front. You could clean it up just a little and rent it to vacationers, or people attempting to break the record for consecutive days surfing. And really, the commute to Silicon Valley isn’t bad from here, right? :-)

    I predict a bidding war. up to $125k.

  5. nomadic Says:

    ymous – it’s been $109k since April 7. Don’t hold your breath for the bidding war. And the “lease” means it’s basically like a mobile home, but you can’t just haul out that POS and have a new one delivered.

    I bet the commute over 92 every day would be a blast. Maybe you could ride your bike (as in bicycle) to work! It would probably be faster than a car on the way home most days.

  6. SEA Says:

    ymous- Nice price cut assume a nice starting point. Asking $500k for a $100k place and then cutting the price by 80% just brings the price “right where it needs to be.”

  7. sfbubblebuyer Says:

    I think it’s a very bad sign when you recognize previous burbeds from years back before you scroll down to see the old listings.

  8. madhaus Says:

    Maybe the land owner has the same philosophy as the ones who run Owner’s mobile home park. It might be $900 a month now, but the new buyer gets a brand new lease, at brand new pricing. The cost of bribing city officials has shot through the roof, with Half Moon Bay considering disincorporation, so the sky’s the limit.

    Looking at Redfin, seems this place has been listed on and off since 2004.

  9. San Francisco Housing Says:

    Looks like we were reading each other’s mind. Thanks for posting one for Cyber Monday! I’ll agree with the others that 900/mo in rent for the land alone is a little extreme.

  10. anon Says:

    Ahh the joys of homeownership:

    http://www.cnn.com/2010/US/11/29/couple.buys.meth.house/index.html?iref=NS1

    Remember: As Real Excreter says, buying something – anything – is always better than renting.

  11. nomadic Says:

    I think Cyber Monday needs an eBay listing. Like Southern California’s finest home ever built! lol

    http://cgi.ebay.com/FRENCH-FORMAL-COMPOUND-23-ACRE-PRIVATE-ESTATE-/110589212475?pt=Residential&hash=item19bfa1773b

    Or, closer to home, a winery:
    http://cgi.ebay.com/Winery-and-Mansion-River-/260691477986?pt=Residential&hash=item3cb26c45e2

  12. sonarrat Says:

    >[Smash cut to black. BURBED.]

    This is why I still read this blog.

  13. Robert Says:

    12 years remaining on the lease, according to realtor.com. The house isn’t actually in Half Moon Bay, but just outside of San Gregorio. It also has the advantage/disadvantage (according to Google maps) of having the public park immediately in front of your house for access to the beach.

    I’ll leave it to others to determine if this is a better deal than a timeshare.

  14. Robert Says:

    …and by public park, I mean it appears your immediate view from the house is all the cars for people visiting the beach, not that there’s a nice park in front of you.

  15. Tuno Says:

    that POS has been there since 1910, and it hasn’t washed out to sea? I’m impressed. Maybe it has been held in place by all of the cars parked between it and the waves.

    If it were 10K, with a lease cost of about $750 per month, it might make sense.

  16. Tuno Says:

    personally I wouldn’t want to be that close to the ocean. it sometimes decides to swallow things.

  17. Robert Says:

    @Tuno: Don’t worry, you only need to worry about 12 years of storms!

  18. Alex Says:

    I’m so glad burbed is back.

    Too much negative energy with that hag madhouse! She must be dying of Palo Alto-envy.

    I think the value of this blog has just gone back up to $40. Keep it up and I will consider buying at the initial offer of $50.

  19. madhaus Says:

    Who’d have thunk it? Alex is actually Real Estater!

  20. Tuno Says:

    That can’t be a real Alex post. Too nasty, not funny.

  21. SEA Says:

    On April 7, 2011 this 2010 Black Friday deal sold for $93,500.

    The first reference on Burbed I could find is here, when it was listed for $265,000, and beach_lover seemed to consider that as a good deal.


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