ENCINITAS, Calif., January 10, 2019 – Sitting high on the bluffs of Encinitas, California, with unobstructed views of the California coastline, 110 5th Street was just purchased for $9,750,000. The Jim McInerney Team at Pacific Sotheby's International Realty represented the seller on what is the third-highest MLS sale EVER recorded in Encinitas, California.
This was the first time the property, which sits on 0.46 acres with 100 feet of ocean frontage, just steps to Moonlight Beach, was on the market. The extremely private home, surrounded by lush landscaping, enjoys views from La Jolla to Dana Point. The master retreat, with its floor-to-ceiling windows, occupies the entire top floor of the home. Multiple covered patios, a huge rooftop deck and top-of-the-line materials and appliances come together to make this home truly spectacular. Incredible views from the 42×20 ft. rooftop deck.
“Jim and his team represent the high-caliber and experienced real estate professional who represents Pacific Sotheby's International Realty,” says Steve Games, CEO, Pacific Sotheby's Realty. “We are pleased to be part of this historically significant sale and extremely happy for all involved in the transaction.”
San Diego County has seen a consistent trend of luxury buyers entering the market and the region is seen as a bargain compared to other areas of California. With the increase in job growth, companies and people moving to the region, luxury buyers understand that San Diego is a great place to own luxury property.
Source: Pacific Sotheby's International Realty
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