21st Pl Sand Section New Listing

This Pat Killen designed 3 bedroom, 3.5 bath attached townhome just hit the MLS on 2.1.2010. The list price is $1,849,000 and it is shown by appointment only. Per the builder, the home has 2,000 sq ft and all he techno goodies anyone could want. The listing agent states that you can program ALL the functions in the home directly from your computer including sound, A/C, heat, window coverings, etc. using Creston technology. (We'd be really impressed if there is an iPhone app for this.) The kitchen has Viking appliances incuding a 42" refrigerator. There are ocean views from the balconies and everythng else you would expect.

So, we're trying to figure out what's going on with modern construction (which we are a fan of) and 21st Pl. Another modern design ocean view townhome designed by David Watson and built by Rochford Construction recently closed escrow for $1,460,625 (all cash) at 428 21st Pl. We did preview this property and it was truly exceptional. As such, we are struggling with the pricing of the newer listing and believe that itwill ultimatey sell for less than $1.8M. Financing is still difficult to secure in this price range and there are limited all cash buyers.