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: Active On Redfin: 477 days
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!
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
[Smash cut to black. BURBED.]
November 29th, 2010 at 9:13 am
Is paying $109,000 to live on “LEASED LAND” cheaper than renting?
November 29th, 2010 at 9:30 am
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.
November 29th, 2010 at 9:46 am
The best of all possible worlds – you can rent AND buy at the same time. What a way to diversify your portfolio.
November 29th, 2010 at 11:06 am
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.
November 29th, 2010 at 11:15 am
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.
November 29th, 2010 at 11:26 am
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.”
November 29th, 2010 at 11:48 am
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.
November 29th, 2010 at 1:03 pm
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.
November 29th, 2010 at 1:06 pm
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.
November 29th, 2010 at 1:19 pm
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.
November 29th, 2010 at 1:37 pm
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
November 29th, 2010 at 1:53 pm
>[Smash cut to black. BURBED.]
This is why I still read this blog.
November 29th, 2010 at 4:53 pm
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.
November 29th, 2010 at 4:59 pm
…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.
November 29th, 2010 at 5:15 pm
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.
November 29th, 2010 at 5:16 pm
personally I wouldn’t want to be that close to the ocean. it sometimes decides to swallow things.
November 30th, 2010 at 12:16 pm
@Tuno: Don’t worry, you only need to worry about 12 years of storms!
November 30th, 2010 at 4:43 pm
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.
November 30th, 2010 at 6:10 pm
Who’d have thunk it? Alex is actually Real Estater!
December 1st, 2010 at 7:52 pm
That can’t be a real Alex post. Too nasty, not funny.
November 27th, 2011 at 6:28 pm
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.