$4,900,000

17400 CABRILLO Hwy Half Moon Bay, CA 94019

Beds:	3
Baths:	2.5
Sq. Ft.:	-
Lot Size:	24.66 Acres
Property Type:	Detached Single Family
Style:	Cape Cod
Stories:	2
View:	Ocean
Year Built:	1940
Community:	Canada Cove
County:	San Mateo

24.65 acres of expansive flat land with breathtaking ocean frontage. Property extends from Highway 1 to the beach affording unobstructed views of the Pacific Ocean; located 15 minutes from the Peninsula and a short walk to the Historic Town of Half Moon Bay, the Ritz Carlton and two championship golf courses. Existing structures include a residence, barn, in-law apart. ,artist studio, garage.

Thanks to Burbed reader John for this find!

Here’s what John had to say:

Noticed from the price history of the following property that it was sold in foreclosure recently for $425,000 and appears to have been put right back on the market for $4,900,000. Anyway, thought some of your readers might be interested in it as it has been listed as high as 35 million in the past few years. It was originally owned by the DuPont family and had a airstrip for air races to entertain their guests – you can still see what’s left of the airstrip on northern edge of property.

Wow, that’s a lot of history. Just think, if you buy this right now, you’re picking up $30M in instant equity! And… your own airstrip for those times when you need to get away!

Alternatively, you could rent out parts of it – that’d be pretty cool too.

Either way, this deal is hard to beat. Now… if only stated income loans were still available!

$109,000

 

14 MARTINS BEACH Half Moon Bay, CA 94019

 

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!

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.]

Thanks to burbed reader Herve for sending in this cheery news!  Wow, cleared for takeoff!

The end of Half Moon Bay?

By Julia Scott, San Mateo County Times

Posted: 08/27/2010 11:00:00 PM PDT
Updated: 08/28/2010 01:55:27 PM PDT

HALF MOON BAY — Between budget losses and lawsuit payments, Half Moon Bay’s financials have become so dire that if a local sales tax measure doesn’t pass this November, officials say they may have to disincorporate.

City leaders have been using the "D" word for a few weeks now as they try to persuade voters to pass Measure K, a one-cent sales tax increase that would help the city balance its budget with an extra infusion of $1.4 million per year for the next seven years.

Dissolving Half Moon Bay — handing the city’s budget, operations and services to San Mateo County — would be an absolute last resort, but the city may not have many other options left, City Councilman John Muller said.

"The council has done everything in its power to keep the city whole," Muller said. "If it doesn’t pass, we could seriously not be in business much longer."

Half Moon Bay was never part of the Real Bay Area, what with the pumpkins and the fog and being on the other end of Highway 92.  But now they’re talking about quitting as a municipal entity and turning over the keys to San Mateo County.  There’s nothing left to pay the bills.

City Manager Michael Dolder admits disincorporation is one of the options on the table now. The City Council already cut $900,000 from the current budget — including half its employees — and imposed furloughs on those who remain. Some of the cuts were needed to pay for the Beachwood lawsuit settlement, a $15 million burden the city will shoulder in bond payments for the next 20 years.

It’s not clear this would bail the residents out of their woes.  If San Mateo County steps in, they get the property taxes, the hotel taxes, the sales taxes.  But the county doesn’t assume any liabilities.  HMB has those bonds outstanding, and the debt would transfer to every city real estate owner, via liens placed on their properties.  Another joy of homeownership!  Bet you never thought of that one!

"The costs don’t go away just because the cities go away. You still need to provide the services. You still have the same problems out there," explained Bob Adler, Assistant Controller for the county.

Plenty of cities have been cutting services and letting workers go.  But there are other cities considering the same thing, most of them nowhere near the RBA.  We hope.  But Half Moon Bay can’t be the only one, or why would unions be pushing for new legislation preventing cities from disincorporating without explaining why to a commission?

What kind of shape are your city’s services in?  What’s been cut?

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

View a Virtual Tour

$265,000

This Single Family Residence has the following features:
MLS#: 519266 Approx Age: Unavailable Approx Sq Ft: 800
Detached Single Family 1 Story Cabin
1 Bedroom 1 Bathroom 1 Stall Shower

I’ll be honest – I’m not an expert in beachfront property? Is this a good deal? Or not? Let me know!