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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.”

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