In the idyllic coastal town of Encinitas, California, a remarkable piece of real estate is poised to make waves in the luxury housing market. Priced at an impressive $28.75 million, this spec home stands as a testament to the fusion of breathtaking natural beauty and unparalleled architectural excellence. What sets this property apart is not just its opulence, but the decades-long journey undertaken by developer Peter Keserovich to bring this coastal masterpiece to fruition.
A Rarity on the Coast
Speculative homes, or spec homes, in coastal areas like Encinitas are a rare find. The combination of stringent restrictions and a meticulous approval process often deters such ambitious projects. However, against all odds, Peter Keserovich embarked on a journey that would span decades, determined to create a residence that would redefine coastal living.
A Decades-Long Saga
The saga of this extraordinary home began in 1997 when Keserovich acquired the roughly 0.25-acre lot for approximately $600,000. However, it would take him until 2008 to secure approval from the city for the project. The recession at the time posed additional challenges, delaying financing and construction until 2014. With unwavering determination and a vision of unparalleled luxury, Keserovich invested approximately $20 million in building the house, which was finally completed last year.
An Architectural Marvel
Perched approximately 60 feet above the majestic Pacific Ocean, this four-level contemporary home is a sight to behold. Its design seamlessly blends with the coastal landscape, offering unobstructed views that stretch from La Jolla to Dana Point. The private bluffside sun deck, positioned about 30 feet above the water, is a sanctuary of serenity, inviting residents to bask in the awe-inspiring vistas that surround them. Private stairs, crafted from Arizona flagstone, provide a direct link to the beach below, further enhancing the home’s connection to the natural world.
A Price Tag Warranted by Vision and Regulations
While the $28.75 million price tag may seem steep, Keserovich believes it is entirely warranted. Regulations governing new home construction in the area limit both the size and distance to the water, making this coastal haven a truly unique and invaluable gem.
Conclusion: A New Standard of Coastal Luxury
Encinitas’ $28.75 million spec home is more than just a residence; it is a testament to the unwavering dedication of a visionary developer and the limitless potential that coastal living offers. As this architectural marvel graces the luxury real estate market, it redefines the very essence of luxury living on the coast. With panoramic views, unparalleled access to the beach, and a meticulous attention to detail, this home stands as a new standard of coastal opulence, inviting residents to experience the pinnacle of California living.
