Home / Business / RealEstate / Encinitas Land Parcel Purchased for New Residential Development

Encinitas Land Parcel Purchased for New Residential Development

Encinitas CAColliers International San Diego Region announces the sale of a 1.67-acre residential land parcel located at 858 Hymettus Avenue, Encinitas, CA (92024) for $2,750,000. The property is located just two blocks east of Coast Highway and features panoramic ocean views.

Ciara Trujillo of Colliers International’s San Diego Land Team represented the San Diego-based seller, The R. Colby and Claudine Trust. The BM Family Trust purchased the property with no outside representation. The San Diego-based new ownership plans to develop four single-family residences on the property.

“This property was privately owned for more than 40 years and is one of the last premier, well-located parcels west of I-5 in Encinitas,” said Ciara Trujillo, Senior Vice President and member of the San Diego Land Team at Colliers International San Diego Region, “We received tremendous interest with the property’s zoning for four single family home lot sizes around 14,500 square feet each and stunning ocean views from all vantage points.”


About Colliers InternationalGroup

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors, worldwide. Services include strategic advice and execution for property sales, leasing, and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news on Colliers International in the San Diego Region, follow @Colliers_SD