BM Family Trust of San Diego has purchased a 1.67-acre residential land parcel in Encinitas for $2.75 million, with plans to develop four single-family homes, according to brokerage firm Colliers International Group Inc.
The seller of the property, at 858 Hymettus Ave. near Leucadia Boulevard, was R. Colby and Claudine Trust of San Diego, represented by Colliers’ Ciara Trujillo.
In a Colliers statement, Trujillo said the property was privately owned for more than 40 years and is among the last well-located parcels available west of Interstate 5 in Encinitas, with ocean views. The property’s zoning allows for four single-family homes with lot sizes of about 14,500 square feet each.
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